First Amendment to the LIN TV Corp. Third Amended and Restated 2002 Non-Employee Director Stock Plan
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EX-10.10 6 exhibit1010.htm FIRST AMENDMENT TO THE LIN TV CORP. THIRD AMENDED AND RESTATED 2002 NON-EMPLOYEE DIRECTOR STOCK PLAN exhibit1010.htm
EXHIBIT 10.10
FIRST AMENDMENT TO THE LIN TV CORP.
THIRD AMENDED AND RESTATED
2002 NON-EMPLOYEE DIRECTOR STOCK PLAN
The LIN TV Corp. Third Amended and Restated Non-Employee Director Stock Plan (the “Plan”) is amended as follows:
1. Section 6(g) of the Plan is hereby replaced in its entirety with the following:
| | “(g) | Exchange Programs. The Committee may, without stockholder approval, cancel any outstanding stock option and grant in exchange therefore a new Stock Option or Stock Award covering the same or a different number of shares of common stock and having an exercise price per share lower than the then-current exercise price per share of the cancelled Stock Option; provided, however, that the exercise price per share of the new Stock Option or Stock Award shall not exceed the Fair Market Value of a share of Common Stock on the date of the grant of such Stock Option or Stock Award.” |
Approved and adopted by the Board of Directors of LIN TV Corp. on December 23, 2008.
