Amendment to Dime Bancorp, Inc. 1992 Stock Option Plan (Effective December 20, 2001)
This amendment to the Dime Bancorp, Inc. 1992 Stock Option Plan allows holders of Non-Qualified Stock Options to transfer their options to certain family members, family-only partnerships, or trusts for the benefit of family members, unless otherwise restricted by the Committee. The amendment defines "Immediate Family Members" broadly to include a wide range of relatives and step-relations. The change is effective as of December 20, 2001.
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Exhibit 10.68.1
Amendment to the
Dime Bancorp, Inc.
1992 Stock Option Plan
Effective December 20, 2001
The Dime Bancorp, Inc. 1992 Stock Option Plan (the "Plan") is hereby amended in the following particulars:
- 1.
- The second paragraph of Section 10 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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