Amendment to Multi-Color Corporation 2003 Stock Incentive Plan (September 16, 2010)
This amendment, approved by the Board of Directors of Multi-Color Corporation, modifies the company's 2003 Stock Incentive Plan. It allows the plan's committee to extend the period during which certain retired employees under age 55 can exercise their stock options, as long as the new deadline does not exceed the original option expiration date. The amendment is effective as of September 16, 2010.
EXHIBIT 10.1
AMENDMENT TO THE MULTI-COLOR CORPORATION
2003 STOCK INCENTIVE PLAN
The following amendment to the Multi-Color Corporation 2003 Stock Incentive Plan (the “Plan”) was approved by the Board of Directors of Multi-Color Corporation on September 16, 2010. The Plan is hereby amended, effective as of September 16, 2010, as follows:
Section 5(g) of the Plan is amended to add the following sentence to the end of Section 5(g):
“Notwithstanding the foregoing, the Committee shall have the authority to determine that an Option held by an Optionee who retires before attaining age 55 shall terminate on a date which is more than three months after the Optionee’s date of retirement, provided that such Option termination date shall be on or before the Option’s expiration date.”
Date: September 16, 2010
| MULTI-COLOR CORPORATION |
| /s/ Nigel Vinecombe |
| Nigel Vinecombe President and Chief Executive Officer |
