Amendment to Illinois Tool Works Inc. 1996 Stock Incentive Plan Regarding Restricted Shares Granted January 2, 2003
Illinois Tool Works Inc. has amended its 1996 Stock Incentive Plan to specify that Restricted Shares granted on January 2, 2003, will not automatically become fully vested if the employee's employment ends due to retirement, disability, or death. This amendment changes the vesting terms for these specific shares, affecting employees who receive them under the plan.
Exhibit 10(b)
AMENDMENT TO THE
ILLINOIS TOOL WORKS INC. 1996 STOCK INCENTIVE PLAN
In connection with the grant of Restricted Shares effective January 2, 2003, pursuant to the Illinois Tool Works Inc. 1996 Stock Incentive Plan, Section 9(b) of the Plan is amended to add the following sentence:
“Notwithstanding the foregoing, the Restricted Shares granted January 2, 2003, shall not become fully vested upon termination of employment by reason of Retirement, Disability or death.”
