Amendment to Horizon Lines, Inc. Employee Stock Purchase Plan

Contract Categories: Business Finance › Stock Agreements
Summary

This amendment updates the Horizon Lines, Inc. Employee Stock Purchase Plan by specifying that the plan will terminate on July 1, 2016, and no options can be granted after that date. All other provisions of the plan remain unchanged and in effect. The amendment is effective as of July 27, 2006.

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EX-10.46.1 4 dex10461.htm AMENDMENT TO HORIZON LINES, INC., EMPLOYEE STOCK PURCHASE PLAN Amendment to Horizon Lines, Inc., Employee Stock Purchase Plan

Exhibit 10.46.1

AMENDMENT TO

HORIZON LINES, INC.

EMPLOYEE STOCK PURCHASE PLAN

(THE “PLAN”)

 

1.   Section 21(a) of the Plan is amended to add at the end of such section the following:

 

    “Unless sooner terminated, the Plan shall terminate on July 1, 2016. No options may be granted under the Plan after the Plan is terminated.”

 

2.   Except as set forth in this amendment, all provisions of the Plan are reaffirmed and will remain in full force and effect.

 

3.   This amendment is effective as of July 27, 2006.