Amendment to the Morgan Stanley 1995 Equity Incentive Compensation Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment updates the Morgan Stanley 1995 Equity Incentive Compensation Plan to specify that no awards can be made under the plan after May 10, 2006. Additionally, it clarifies that no incentive stock options, as defined by IRS rules, may be granted after the tenth anniversary of the plan's adoption by the Board. The amendment is intended to set clear time limits for granting awards and stock options under the plan.

Read More Arrow
EX-10.3 7 dex103.htm AMENDMENT TO THE 1995 EQUITY INCENTIVE COMPENSATION PLAN Amendment to the 1995 Equity Incentive Compensation Plan

EXHIBIT 10.3

AMENDMENT TO THE MORGAN STANLEY

1995 EQUITY INCENTIVE COMPENSATION PLAN

The last sentence of Section 3 of the 1995 Equity Incentive Compensation Plan, as amended, is amended in its entirety to read as follows:

“In no event shall any Awards be made under the Plan after May 10, 2006; provided, however, that no incentive stock option, within the meaning of Section 422 of the Code, may be granted under the Plan after the tenth anniversary of the adoption of the Plan by the Board.”