Amendment No. 1 to Phase Forward Incorporated 2004 Stock Option and Incentive Plan (as Amended and Restated March 2006)
This amendment updates the Phase Forward Incorporated 2004 Stock Option and Incentive Plan by increasing the total number of company shares available for issuance under the plan from 3,500,000 to 3,981,505, subject to stockholder approval. All other terms of the plan remain unchanged. The amendment was approved by the Board of Directors on March 30, 2007, and by the stockholders on May 2, 2007.
Exhibit 10.4
AMENDMENT NO. 1
to the
PHASE FORWARD INCORPORATED
2004 STOCK OPTION AND INCENTIVE PLAN
as Amended and Restated March 2006
Reference is hereby made to the Phase Forward Incorporated 2004 Stock Option and Incentive Plan as Amended and Restated March 2006 (the “Plan”).
1. The first two sentences of Section 3(a) of the Plan are deleted in their entirety, and the following two new sentences shall be inserted as a replacement therefor:
“Subject to adjustment under Section 3(c) and the next sentence, the aggregate number of shares of Common Stock of the Company (the “Common Stock “) that may be issued pursuant to the Plan is 3,500,000 shares. Subject to stockholder approval, the number of shares of Common Stock that may be issued pursuant to the Plan shall be increased from 3,500,000 shares to 3,981,505 shares.”
2. Except as amended hereby, the Plan shall be unchanged and remain in full force and effect.
Approved by the Board of
Directors March 30, 2007
Approved by the Stockholders
of the Corporation May 2, 2007
