Amendment Nos. 1 and 2 to Kronos Incorporated 2003 Employee Stock Purchase Plan
Kronos Incorporated amended its 2003 Employee Stock Purchase Plan (ESPP) through two board-approved amendments. The first amendment removes the look-back provision and sets the purchase price for shares at 85% of the closing price on the last business day of the purchase period. The second amendment increases the total number of shares available under the plan to 2,125,000. These changes were adopted by the Board of Directors and, in the case of the second amendment, also approved by stockholders.
Exhibit 10.3
AMENDMENT NO. 1 TO THE KRONOS INCORPORATED
2003 EMPLOYEE STOCK PURCHASE PLAN
Section 9 of the 2003 Employee Stock Purchase Plan is hereby amended to remove the look-back provision and to stipulate that the purchase price will be 85% of the closing price of the common stock on the last business day of the period.
Adopted by the Board of Directors on August 2, 2005
AMENDMENT NO. 2 TO THE KRONOS INCORPORATED
2003 EMPLOYEE STOCK PURCHASE PLAN
The 2003 Employee Stock Purchase Plan, as amended (the “2003 ESPP”), of Kronos Incorporated (the “Company”) is hereby amended as follows (capitalized terms used herein and not defined herein shall have the respective meaning ascribed to such terms in the 2003 ESPP):
| 1. | The second sentence of the introductory paragraph of the 2003 ESPP shall be deleted in its entirety and replaced with the following: |
“Two million, one hundred and twenty five thousand (2,125,000) shares of common stock in the aggregate have been approved for this purpose.”
Except as aforesaid, the 2003 ESPP shall remain in full force and effect.
Adopted by the Board of Directors on November 16, 2006
Approved by the Stockholders on February 16, 2007
