Second Amendment to Martha Stewart Living Omnimedia, Inc. 1999 Stock Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment updates the Martha Stewart Living Omnimedia, Inc. 1999 Stock Incentive Plan by increasing the total number of shares available under the plan from 7,300,000 to 10,000,000. The change becomes effective once approved by the company's stockholders. The amendment is intended to provide additional shares for future stock-based incentives to employees or other eligible participants.

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EX-10.2.2 2 ex10-2_2.txt 2ND AMENDMENT TO THE STOCK INCENTIVE PLAN 1 Exhibit 10.2.2 Second Amendment to the Martha Stewart Living Omnimedia, Inc. 1999 Stock Incentive Plan The Martha Stewart Living Omnimedia, Inc. 1999 Stock Incentive Plan (the "Plan") is hereby amended, effective upon receipt of approval by the stockholders of Martha Stewart Living Omnimedia, Inc. (the "Effective Date"), as set forth below. 1. In the second line of Section 3 of the Plan, "7,300,000" shall be deleted and replaced with "10,000,000." 19