Amendment No. 4 to Haynes International, Inc. 2009 Restricted Stock Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment updates the Haynes International, Inc. 2009 Restricted Stock Plan by adding 'net income' as a performance metric and renumbering subsequent items. All other terms of the original plan remain unchanged. The amendment clarifies how performance goals are defined for restricted stock awards under the plan.

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EX-10.2 3 a15-2185_1ex10d2.htm EX-10.2

Exhibit 10.2

Amendment No. 4 to

Haynes International, Inc.

2009 Restricted Stock Plan

 

Section 2.01(r) of the Haynes International, Inc. 2009 Restricted Stock Plan (the “Plan”) is hereby amended as follows:

 

1.              By inserting “(13) net income;” after “(12) free cash flow;”; and

 

2.              By replacing “(13)” with “(14)” before “any combination of, or a specified increase or decrease in, any of the foregoing.”

 

All other provisions of the Plan shall remain in full force and effect.

 

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