Third Amendment to M.D.C. Holdings, Inc. 2011 Equity Incentive Plan
This amendment, adopted by the Board of Directors of M.D.C. Holdings, Inc. and subject to shareholder approval, modifies the company's 2011 Equity Incentive Plan. It increases the maximum number of shares available for issuance under the plan to 6,488,750, including shares available for Incentive Stock Options. The amendment is signed by the company's Senior Vice President and Chief Financial Officer.
Exhibit 10.1
THIRD AMENDMENT
TO
M.D.C. HOLDINGS, INC.
2011 EQUITY INCENTIVE PLAN
The following Third Amendment to the M.D.C. Holdings, Inc. 2011 Equity Incentive Plan, effective April 27, 2011 (the "Plan"), was adopted by the Board of Directors of M.D.C. Holdings, Inc. on January 23, 2017, subject to approval of the Company’s shareholders. Capitalized terms used herein shall have the meanings ascribed in the Plan.
The first two sentences of Section 4.1 of the Plan are amended to read as follows:
4.1 Number of Shares. Subject to adjustment as provided in Section 14, the maximum number of shares of Stock available for issuance under the Plan shall be 6,488,750 shares. Subject to adjustment as provided in Section 14, 6,488,750 shares of Stock available for issuance under the Plan shall be available for issuance pursuant to Incentive Stock Options.
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| M.D.C. HOLDINGS, INC.
By: /s/ Robert N. Martin Robert N. Martin Senior Vice President and Chief Financial Officer |
Date: April 24, 2017
