Amendment to GlobalSCAPE, Inc. 2010 Employee Long-Term Equity Incentive Plan (Section 6(b))

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment, effective June 2, 2016, modifies the GlobalSCAPE, Inc. 2010 Employee Long-Term Equity Incentive Plan by setting a limit on the number of shares that can be awarded to any one employee in a single tax year. Under the new terms, no participant may receive awards exceeding 250,000 shares of common stock per year, subject to certain adjustments. The amendment aims to clarify and cap annual equity awards for employees under the plan.

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EX-10.1 2 ex10-1.htm EX-10.1
Exhibit 10.1
GLOBALSCAPE, INC.
2010 EMPLOYEE LONG-TERM EQUITY INCENTIVE PLAN
AMENDMENT


Effective June 2, 2016, Section 6(b) of the GlobalSCAPE, Inc. 2010 Employee Long-Term Equity Incentive Plan was amended to read, in its entirety, as follows:

"(b) Maximum Annual Participant Award.The aggregate number of Shares with respect to which an Award or Awards may be granted to any one Participant in any one taxable year of the Company shall not exceed 250,000 shares of Common Stock (subject to adjustment as set forth in Section 5(a))."