Amendment to JMAR Technologies, Inc. 2006 Equity Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment updates the JMAR Technologies, Inc. 2006 Equity Incentive Plan by increasing the total number of shares available for issuance under the plan to 20,000,000. The shares may be either newly issued or reacquired by the company. The amendment is intended to provide additional shares for future equity awards to eligible participants, as determined by the company's committee.

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EX-10.3 5 jmar_ex1003.htm AMENDMENT TO 2006 EQUITY INCENTIVE PLAN jmar_ex1003.htm
EXHIBIT 10.3


AMENDMENT TO
JMAR TECHNOLOGIES, INC.
2006 EQUITY INCENTIVE PLAN


Section 4.1 of the 2006 Equity Incentive Plan (the “Plan”) is hereby amended to read as follows:

“4.1 Shares Available for Issuance of Awards. Subject to adjustment as provided in Section 4.3, the aggregate number of Shares which may be issued under this Plan shall not exceed 20,000,000 Shares. As determined from time to time by the Committee, the Shares available under this Plan for grants of Awards may consist either in whole or in part of authorized but unissued Shares or Shares which have been reacquired by the Company following original issuance.”