Amendment to MeriStar Hospitality Corporation Non-Employee Directors' Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

MeriStar Hospitality Corporation has amended its Non-Employee Directors' Incentive Plan, as approved by its Board of Directors and shareholders. Effective May 24, 2001, the amendment increases the number of shares referenced in Section 6.2 of the plan from 125,000 to 500,000. This change allows for a greater number of shares to be issued under the plan to non-employee directors.

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EX-10.8.1 30 dex1081.txt EXHIBIT 10.8.1 Exhibit 10.8.1 AMENDMENT TO THE MERISTAR HOSPITALITY CORPORATION NON-EMPLOYEE DIRECTORS' INCENTIVE PLAN Pursuant to the approval by the Board of Directors of MeriStar Hospitality Corporation (the "Company") and the Company's shareholders at the Company's 2001 Annual Meeting, the MeriStar Hospitality Corporation Non-Employee Directors' Incentive Plan (the "Plan") is amended, effective May 24, 2001, as follows: The reference to "125,000" in Section 6.2 of the Plan is hereby deleted and replaced by "500,000". IN WITNESS WHEREOF, MeriStar Hospitality Corporation has caused this amendment to the Plan to be duly executed in its corporate name this 24th day of May, 2001. MERISTAR HOSPITALITY CORPORATION -------------------------------- Christopher L. Bennett VP, Legal and Secretary