First 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 2,600,000, including shares available for Incentive Stock Options. The amendment is effective as of January 21, 2013, and is signed by an authorized company representative.
Exhibit 10.2
FIRST AMENDMENT
TO
M.D.C. HOLDINGS, INC.
2011 EQUITY INCENTIVE PLAN
The following First 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 21, 2013, 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 2,600,000 shares. Subject to adjustment as provided in Section 14, 2,600,000 shares of Stock available for issuance under the Plan shall be available for issuance pursuant to Incentive Stock Options.
| M.D.C. HOLDINGS, INC. | ||
| By: | /s/ John M. Stephens | |
Date: March 18, 2013
B-1
