First Amendment to Spire Global, Inc. 2021 Equity Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment updates the Spire Global, Inc. 2021 Equity Incentive Plan, effective August 2, 2023. It allows the plan administrator to delegate certain administrative tasks to others and clarifies their authority to make necessary decisions for managing the plan. The amendment aims to improve the administration and flexibility of the company's equity incentive program for employees and participants.

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EX-10.3 4 spir-ex10_3.htm EX-10.3 EX-10.3

 

 

Exhibit 10.3

 

FIRST AMENDMENT TO

SPIRE GLOBAL, INC.

2021 eQUITY iNCENTIVE pLAN

 

THIS FIRST AMENDMENT to the Spire Global, Inc. 2021 Equity Incentive Plan (the “Plan”) is effective as of August 2, 2023.

 

Section 4.2 of the Plan is hereby amended by adding the following new subsection (m) after subsection (l), and re-numbering current subsection (m) as subsection (n):

 

“(m) to delegate non-discretionary administrative responsibilities in connection with the Plan to such other persons as it deems advisable; and

 

(n) to make all other determinations deemed necessary or advisable for administering the Plan.”