Amendment to the Amended and Restated 1989 Stock-Based Incentive Plan of International Multifoods Corporation
This amendment updates the International Multifoods Corporation's 1989 Stock-Based Incentive Plan. Effective June 23, 1999, it changes the plan's termination date, stating that no new awards or grants will be made after June 20, 2007. However, existing options and awards granted before that date remain unaffected. The amendment clarifies the plan's duration and the status of previously granted incentives.
Exhibit 10.1
AMENDMENT TO THE AMENDED AND RESTATED
1989 STOCK-BASED INCENTIVE PLAN OF
INTERNATIONAL MULTIFOODS CORPORATION
EFFECTIVE AS OF JUNE 23, 1999
The Amended and Restated 1989 Stock-Based Incentive Plan of International Multifoods Corporation (the “Plan”) is amended, effective as of June 23, 1999, as follows:
The last sentence of the second paragraph of the Plan is amended to read as follows:
“The Plan (but not Options, Stock Appreciation Rights, Restricted Stock, Incentive Units, Automatic Grants, Elective Grants or Elective Restricted Stock Awards theretofore granted under the Plan) shall terminate on, and no Awards or Automatic Grants, Elective Grants or Elective Restricted Stock Awards shall be granted after, June 20, 2007.”
