Second Amendment to the Amended and Restated 1989 Stock-Based Incentive Plan of International Multifoods Corporation

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment updates the International Multifoods Corporation's 1989 Stock-Based Incentive Plan, effective July 1, 2002. It changes the definition of "Automatic Grant" to specify that each Non-Employee Director will receive a non-qualified stock option to purchase 2,500 shares of company stock. The amendment clarifies the terms for stock option grants to directors under the plan.

Read More Arrow
EX-10.2 5 j5178_ex10d2.htm EX-10.2

Exhibit 10.2

 

 

SECOND AMENDMENT TO THE AMENDED AND RESTATED

1989 STOCK-BASED INCENTIVE PLAN OF

INTERNATIONAL MULTIFOODS CORPORATION

EFFECTIVE AS OF JULY 1, 2002

 

                The Amended and Restated 1989 Stock-Based Incentive Plan of International Multifoods Corporation (the “Plan”) is amended, effective as of July 1, 2002, as follows:

 

                The definition of  “Automatic Grant” appearing in Section 1 of Part II of the Plan is amended to read as follows:

 

“Automatic Grant” shall mean a Non-Qualified Stock Option to purchase 2,500 shares of Stock granted to each Non-Employee Director pursuant to Section 3 of Part II of the Plan.”