First Amendment to M.D.C. Holdings, Inc. Stock Option Plan for Non-Employee Directors

Contract Categories: Business Finance › Warrant Agreements
Summary

This amendment, approved by the Board of Directors of M.D.C. Holdings, Inc., changes the termination date of the company's Stock Option Plan for Non-Employee Directors. The plan, originally approved by shareholders in 2001, will now end on May 21, 2011. The amendment was made in accordance with the plan's provisions and only affects the plan's expiration date.

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EX-10.2 2 d15155exv10w2.htm FIRST AMEND. TO STOCK OPTION PLAN - NON-EMPLOYEE exv10w2  

EXHIBIT 10.2

FIRST AMENDMENT
TO
M.D.C. HOLDINGS, INC.
STOCK OPTION PLAN
FOR NON-EMPLOYEE DIRECTORS

     Amendment to the M.D.C. Holdings, Inc. Stock Option Plan for Non-Employee Directors as approved by the Board of Directors of M.D.C. Holdings, Inc. on October 20, 2003:

    RESOLVED, that the M.D.C. Holdings, Inc. Stock Option Plan for Non-Employee Directors (the “Plan”), which was approved by the Company’s shareholders on May 21, 2001, is hereby amended pursuant to Section 6.2 of the Plan to terminate on May 21, 2011.

[End of Amendment]