Amendment to Navistar 1988 Non-Employee Director Stock Option Plan

Summary

Navistar International Corporation has amended its 1988 Non-Employee Director Stock Option Plan, effective January 1, 2002. Under this amendment, each non-employee director will receive an option for 4,000 shares of common stock at every regularly scheduled December board meeting. The amendment was approved by the Board of Directors and executed by the company's Secretary.

EX-10.30 9 exh1030-fy01.htm EXHIBIT 10.30, 2001 FORM 10-K exhibit 10.30

 EXHIBIT 10.30 AMENDMENT TO NAVISTAR 1988 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN Pursuant to resolution of the Board of Directors adopted on October 16, 2001, the Navistar 1998 Non-Employee Director Stock Option Plan (the "Plan") is hereby amended, effective as of January 1, 2002, as set forth below: 1. Section 5 of the Plan is hereby deleted in its entirety and replaced with the following new Section 5: 5. Number of Shares to be Granted ------------------------------ At each regularly scheduled December meeting of the Board, an option will be granted to each non-employee director for four thousand (4,000) shares of Common Stock. IN WITNESS WHEREOF, the undersigned has hereby executed this Amendment on behalf of the Corporation this 17th day of October, 2001. NAVISTAR INTERNATIONAL CORPORATION By: /s/ Robert J. Perna ------------------------------------------------- Name: Robert J. Perna Its: Secretary E-19