First Amendment to Huffy Corporation 1998 Director Stock Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment, effective April 24, 2003, modifies the Huffy Corporation 1998 Director Stock Incentive Plan. Approved by the Board of Directors and shareholders, it changes the total number of shares of common stock that may be issued under the Plan and related plans to 1,856,714 shares. All other terms of the Plan remain unchanged. The amendment is executed by Huffy Corporation's Vice President and General Counsel.

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EX-10.D 8 l00858aexv10wd.txt EX-10.D 1ST AMEND TO STOCK INCENTIVE PLAN EXHIBIT 10.d FIRST AMENDMENT TO HUFFY CORPORATION 1998 DIRECTOR STOCK INCENTIVE PLAN This First Amendment is made and effective as of April 24, 2003, to the 1998 Director Stock Incentive Plan (the "Plan"), under the following circumstances: The Company desires to amend the Plan and such amendment was approved and adopted by the Board of Directors of the Company on February 11, 2003 and by Shareholders of the Company on April 24, 2003. NOW, THEREFORE, the Plan shall be amended as follows: 1. Definitions. All capitalized terms herein, unless otherwise specifically defined in this Amendment, shall have the meanings given to them in the Plan. 2. Amendment. Section 4(a) of the Plan is hereby amended in its entirety to read as set forth below: "(a) The total number of shares of the Company's Common Stock, $1.00 par value ("Common Stock"), which may be issued in the aggregate under this Plan, the 1998 Key Employee Stock Plan and the 1998 Restricted Share Plan shall not exceed 1,856,714 shares subject, however, to adjustments required under the provisions of Section 15 hereof." 3. Effective Date and Affirmation. This Amendment shall be effective as of April 24, 2003. Except as amended hereby, the Plan remains unchanged and in full force and effect. IN WITNESS WHEREOF, this First Amendment has been executed as of April 25, 2003. HUFFY CORPORATION /s/ Nancy A. Michaud -------------------------------------- Nancy A. Michaud Vice President - General Counsel and Secretary