Second Amendment to M/I Schottenstein Homes, Inc. Executives' Deferred Compensation Plan

Contract Categories: Human Resources › Compensation Agreements
Summary

This amendment, effective June 19, 2002, updates the M/I Schottenstein Homes, Inc. Executives' Deferred Compensation Plan. It revises the minimum number of company common shares that certain executive positions must hold or invest in under the plan. The amendment specifies new share requirements for various executive roles, while retaining the company's right to further amend the plan. The amendment is executed by an authorized officer of the company.

Read More Arrow
EX-10.1 3 l95563aexv10w1.txt EXHIBIT 10.1 EXHIBIT 10.1 SECOND AMENDMENT TO M/I SCHOTTENSTEIN HOMES, INC. EXECUTIVES' DEFERRED COMPENSATION PLAN WHEREAS, effective January 1, 2001, M/I Schottenstein Homes, Inc. ("Company") adopted an amended and restated version of the M/I Schottenstein Homes, Inc. Executives' Deferred Compensation Plan ("Plan") to provide its Executives with an opportunity to defer all or a portion of their Eligible Compensation and to invest in the Company's Common Shares; and WHEREAS, the Company also retained in Section 10 of the Plan the right to amend the Plan at any time; NOW, THEREFORE, effective June 19, 2002: 1. The table following the last paragraph of Section 4.H is deleted in its entirety and replaced with the following:
- ------------------------------------------------------- ---------------------------------- MINIMUM NUMBER OF COMMON SHARES TITLE - ------------------------------------------------------- ---------------------------------- Chief Executive Officer None - ------------------------------------------------------- ---------------------------------- President None - ------------------------------------------------------- ---------------------------------- Chief Operating Officer None - ------------------------------------------------------- ---------------------------------- Senior Vice President, Chief Financial Officer 20,000 - ------------------------------------------------------- ---------------------------------- Senior Vice President, Corporate Counsel 20,000 - ------------------------------------------------------- ---------------------------------- Region Presidents 20,000 - ------------------------------------------------------- ---------------------------------- President, M/I Financial 20,000 - ------------------------------------------------------- ---------------------------------- Vice President of Land Operations 10,000 - ------------------------------------------------------- ---------------------------------- Vice President, Research and Development 10,000 - ------------------------------------------------------- ---------------------------------- Vice President, Marketing 10,000 - ------------------------------------------------------- ---------------------------------- Division Presidents 10,000 - ------------------------------------------------------- ---------------------------------- Other Executives To be established - ------------------------------------------------------- ----------------------------------
Exhibit 10.1 IN WITNESS WHEREOF, the Company has caused this Amendment to be executed by a duly authorized officer. M/I SCHOTTENSTEIN HOMES, INC. By: ------------------------------- Its: ------------------------------ Name (Please Print)