Amendment No. 2 to Director Compensation Program under Intermec, Inc. 2008 Omnibus Incentive Plan

Contract Categories: Human Resources › Compensation Agreements
Summary

This amendment updates the Director Compensation Program for Intermec, Inc. by setting the value of both the Annual Option Grants and the Annual Restricted Deferred Stock Unit Grants awarded at the May 27, 2009 Annual Meeting to $60,000 each. All other terms of the original program remain unchanged. The amendment is effective as of May 26, 2009.

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EX-10.1 2 exhibit10_1.htm AMENDMENT NO. 2 TO DIRECTOR COMPENSATION exhibit10_1.htm
Exhibit 10.1

 
 
AMENDMENT NO. 2 TO THE
 
DIRECTOR COMPENSATION PROGRAM UNDER THE
 
INTERMEC, INC. 2008 OMNIBUS INCENTIVE PLAN

The Director Compensation Program under the Intermec, Inc. 2008 Omnibus Incentive Plan (the "Program") is hereby amended by adding the following addendum:

Notwithstanding any other provision in the Program to the contrary, the value of the Annual Option Grants made at the May 27, 2009 Annual Meeting of Stockholders in accordance with Section 2(a)(i) of the Program shall be $60,000, and the value of the Annual Restricted Deferred Stock Unit Grants made at the May 27, 2009 Annual Meeting of Stockholders in accordance with Section 3(a)(i) of the Program shall be $60,000.

In all other respects, the Program is hereby ratified and confirmed.  The effective date of this amendment is May 26, 2009.