Amendment to Dime Bancorp, Inc. 1991 Stock Incentive Plan (Effective December 20, 2001)
This amendment updates the Dime Bancorp, Inc. 1991 Stock Incentive Plan to allow Non-Qualified Stock Options to be transferred to certain family members or entities for their benefit, unless otherwise restricted by the Committee. Immediate Family Members are broadly defined to include a wide range of relatives and step-relations. The amendment is effective as of December 20, 2001.
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Exhibit 10.50.3
Amendment to the
Dime Bancorp, Inc.
1991 Stock Incentive Plan
Effective December 20, 2001
The Dime Bancorp, Inc. 1991 Stock Incentive Plan (the "Plan") is hereby amended in the following particulars:
- 1.
- Section 6.2(g) of the Plan is amended to add the following at the end thereof:
"Notwithstanding the foregoing, and unless otherwise prohibited by the Committee, a Non-Qualified Stock Option shall be transferable to Immediate Family Members (as defined below), partnerships in which the only partners are Immediate Family Members, or trusts established solely for the benefit of Immediate Family Members. "Immediate Family Members" shall mean the grandparents, parents, aunts, uncles, spouse, brothers, sisters, cousins, children, nieces, nephews, grandchildren and great-grandchildren, and corresponding step relations, of the optionee who holds the Non-Qualified Stock Option."
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