Amendment No. 3 to Loral Space & Communications Ltd. 2000 Stock Option Plan

Contract Categories: Business Finance › Stock Agreements
Summary

This amendment, effective September 25, 2001, updates the Loral Space & Communications Ltd. 2000 Stock Option Plan by increasing the number of shares of common stock available for issuance under the plan to 37,000,000. All other terms and conditions of the original plan remain unchanged. The amendment is authorized by the company's Board of Directors and signed by an officer of the company.

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EX-10.7.5 5 y58173ex10-7_5.txt AMENDMENT NO. 3 TO 2000 STOCK OPTION PLAN Exhibit 10.7.5 AMENDMENT NO. 3 TO THE LORAL SPACE & COMMUNICATIONS LTD. 2000 STOCK OPTION PLAN This Amendment No. 3 (the "Amendment") to the Loral Space & Communications Ltd. 2000 Stock Option Plan (the "Plan") is made effective as of this 25th day of September, 2001. Pursuant to resolutions of the Board of Directors of Loral Space & Communications Ltd. (the "Company") dated September 25, 2001, the Plan is hereby amended as follows: 1. Section 3(a) of the Plan is hereby amended by increasing to 37,000,000 the number of shares of the Company's Common Stock, par value $0.01 per share, reserved for issuance under the Plan. Except as expressly provided herein, the terms and conditions of the Plan shall remain unchanged. LORAL SPACE & COMMUNICATIONS LTD. By: /s/ Avi Katz ----------------------------------- Name: Avi Katz Title: Vice President and Secretary