Amendment to Tyco International Ltd. 2004 Stock and Incentive Plan (Section 5.1)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment updates Section 5.1 of the Tyco International Ltd. 2004 Stock and Incentive Plan, effective September 22, 2005. It clarifies that shares available under the plan may include authorized but unissued shares, as well as shares acquired by the company, its subsidiaries, or designated entities, as allowed by law. The amendment ensures flexibility in the types of shares that can be used for the plan.

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EX-10.31 5 a2165075zex-10_31.htm EXHIBIT 10.31

Exhibit 10.31

 

AMENDMENT TO

TYCO INTERNATIONAL LTD. 2004 STOCK AND INCENTIVE PLAN

(EFFECTIVE AS OF JANUARY 1, 2004)

 

1.             Section 5.1 of the Tyco International Ltd. 2004 Stock and Incentive Plan (Effective as of January 1, 2004) is amended and restated, effective September 22, 2005, to read as follows:

 

“5.1         Shares Available.  The Shares available under the Plan will be authorized but unissued Shares and, to the extent permissible under applicable law, Shares acquired by the Company, any Subsidiary or any other person or entity designated by the Company.”