Amendment to the MeriStar Hotels & Resorts, Inc. Employee Stock Purchase Plan (Now Interstate Hotels & Resorts, Inc.)
This amendment updates the Employee Stock Purchase Plan for MeriStar Hotels & Resorts, Inc., changing its name to Interstate Hotels & Resorts, Inc. Employee Stock Purchase Plan, effective August 1, 2002. It also clarifies that no adjustment will be made to the maximum number of shares purchasable under the plan due to a reverse stock split approved at the 2002 Annual Meeting. The amendment is executed by Interstate Hotels & Resorts, Inc.
EXHIBIT 10.10.1
AMENDMENT TO THE
MERISTAR HOTELS & RESORTS, INC.
EMPLOYEE STOCK PURCHASE 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 2002 Annual Meeting, the MeriStar Hotels & Resorts, Inc. Employee Stock Purchase Plan (the “Plan”) is amended, effective August 1, 2002, as follows:
| 1. | The Plan shall now be called the Interstate Hotels & Resorts, Inc. Employee Stock Purchase Plan and every place that the word “MeriStar” is used in the Plan shall be replaced by the word “Interstate”. | ||
| 2. | The following paragraph (c) shall be added to Section 12.4 of the Plan: | ||
| “(c) No adjustment to the maximum number of shares that may be purchased under the Plan shall be made in respect of any reverse stock split approved at the Company’s 2002 Annual Meeting of stockholders that is effected by the Company in accordance with such approval.” |
IN WITNESS WHEREOF, Interstate Hotels & Resorts, Inc. has caused this amendment to the Plan to be duly executed in its corporate name this 1st day of August, 2002.
| INTERSTATE HOTELS & RESORTS, INC |
| ______________________________ Christopher L. Bennett Senior Vice President, General Counsel and Secretary |
