Amendment to Section 4(a) of 2007 Information Services Group, Inc. Equity Incentive Plan
Information Services Group, Inc.'s Board of Directors unanimously approved an amendment to its 2007 Equity Incentive Plan. The amendment allows the Board to delegate the authority to grant equity awards to committees of the Board, including those with a single Board member, for certain employees. However, this delegation does not extend to directors, officers under Section 16 of the Securities Exchange Act, or covered employees under Section 162(m) of the Internal Revenue Code. The change is subject to applicable law and aims to streamline the equity award process.
Exhibit 10.31
Pursuant to the unanimous vote of the Board of Directors (“Board”) of Information Services Group, Inc. on March 7, 2008, in order to permit the granting of equity awards by committees of the Board, subject to certain limitations, the Board agreed to amend Section 4(a) of the 2007 Information Services Group, Inc. Equity Incentive Plan by adding the following proviso to the end of such section:
“; provided, further, however, that the Board may, to the extent permitted under applicable law, delegate such power and authority, otherwise delegated to the Committee, to any committee of the Board, including a committee composed of a member of the Board, to grant equity-based awards to certain employees of ISG pursuant to the terms of the Plan, other than any “directors” or “officers” of ISG as defined under Section 16 of the Act or any “covered employees” as defined under Section 162(m) of the Code.”
