Amendment to MeriStar Hotels & Resorts, Inc. Incentive Plan (June 1, 1999)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment, effective June 1, 1999, updates the MeriStar Hotels & Resorts, Inc. Incentive Plan by increasing a specified percentage in Section 5.2 from 12% to 15%. The change was approved by the company's Board of Directors and shareholders. The amendment is executed by MeriStar Hotels & Resorts, Inc. and signed by its Vice President, Legal and Secretary.

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EX-10.7.1 9 dex1071.txt EXHIBIT 10.7.1 Exhibit 10.7.1 AMENDMENT TO THE MERISTAR HOTELS & RESORTS, INC. INCENTIVE PLAN Pursuant to the approval by the Board of Directors of MeriStar Hotels & Resorts, Inc. (the "Company") and the Company's shareholders at the Company's 1999 Annual Meeting, the MeriStar Hotels & Resorts, Inc. Incentive Plan (the "Plan") is amended, effective June 1, 1999, as follows: All references to "twelve (12%)" in Section 5.2 of the Plan are hereby deleted and replaced by "fifteen (15%)". IN WITNESS WHEREOF, MeriStar Hotels & Resorts, Inc. has caused this amendment to the Plan to be duly executed in its corporate name this 1st day of June, 1999. MERISTAR HOTELS & RESORTS, INC. /s/ Christopher L. Bennett --------------------------------- Christopher L. Bennett VP, Legal and Secretary