Amendment to GenVec, Inc. 2002 Stock Incentive Plan (June 16, 2010)

Summary

This amendment updates the GenVec, Inc. 2002 Stock Incentive Plan by increasing the total number of shares available for issuance to 16,700,000. It also sets annual limits for employees, allowing a maximum of 1,000,000 shares in awards and 500,000 shares as restricted stock per calendar year. All other terms of the original plan remain unchanged. The amendment is effective as of June 16, 2010, and is executed by GenVec, Inc.

EX-10.1 2 v188622_ex10-1.htm Unassociated Document

Exhibit 10.1

GenVec, Inc.

Amendment to

GenVec, Inc. 2002 Stock Incentive Plan

The GenVec, Inc. 2002 Stock Incentive Plan (the “Plan”) is hereby amended as follows:

1.	Section 5.1 of the Plan is hereby amended in its entirety to read as follows:

Effective as of June 16, 2010 and subject to adjustment as provided in Section 9 hereof, the maximum number of Shares that may be issued under this Plan shall be increased to 16,700,000, (b) the maximum number of Shares with respect to which an Employee may be granted Awards under this Plan during a calendar year is 1,000,000 Shares, and (c) the maximum number of Shares that may be issued as Restricted Stock during a calendar year is 500,000 Shares.

2.	Except as amended above, the Plan shall remain in full force and effect.

IN WITNESS WHEREOF, GenVec, Inc. has executed this amendment to the Plan, as of this 16th day of June, 2010.

	GENVEC, INC.

	By:	/s/ Douglas J. Swirsky
		Name: Douglas J. Swirsky
		Title: Senior Vice President, Chief Financial Officer, Treasurer and Corporate Secretary