Amendment to GenVec, Inc. 2002 Stock Incentive Plan Increasing Share Limit
GenVec, Inc. has amended its 2002 Stock Incentive Plan, with approval from its Board of Directors and stockholders, to increase the maximum number of shares of common stock that can be issued under the plan to 11,580,000 shares, plus any unissued shares. This amendment is effective as of June 13, 2007, and reflects the company's decision to expand the pool of shares available for employee and director incentives.
Exhibit 10.1
AMENDMENT
TO THE
GENVEC, INC. 2002 STOCK INCENTIVE PLAN
WHEREAS, GenVec, Inc., a Delaware corporation (“GenVec”) has heretofore adopted the GENVEC, INC. 2002 STOCK INCENTIVE PLAN (the “Plan”); and
WHEREAS, GenVec’s Board of Directors and stockholders have approved an amendment to the Plan to increase the number of shares of common stock available thereunder;
NOW, THEREFORE, effective as of June 13, 2007, Section 5.1(a) the Plan shall be amended to read as follows:
| “the maximum number of Shares that may be issued under this Plan is 11,580,000 Shares, plus any Unissued Shares.” |
