First Amendment to the 2000 Employee Stock Option Plan

Contract Categories: Business Finance › Stock Agreements
Summary

This amendment, effective May 14, 2002, modifies the 2000 Employee Stock Option Plan by increasing the total number of shares available for employee stock option grants by 1,500,000, raising the maximum from 2,500,000 to 4,000,000 shares. The amendment replaces the relevant section of the original plan to reflect this new limit. No other terms of the plan are changed by this amendment.

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EX-10.17 3 a2086982zex-10_17.txt EXHIBIT 10.17 Exhibit 10.17 FIRST AMENDMENT TO THE 2000 EMPLOYEE STOCK OPTION PLAN Effective May 14, 2002, the 2000 Employee Stock Option Plan (the "Plan") is hereby amended to increase the number of Shares (as defined in the Plan) available for grants under the Plan by 1,500,000 Shares as follows: The first sentence of SECTION 1.5 "MAXIMUM NUMBER OF SHARES AVAILABLE FOR AWARDS" of the Plan is hereby deleted in its entirety and replaced by the following: "Subject to adjustment in accordance with Section 5.2 hereof, the maximum number of Shares for which grants under the Plan shall be available is 4,000,000."