Amendment to Plug Power Inc. 1999 Stock Option and Incentive Plan
This amendment updates Section 19 of the Plug Power Inc. 1999 Stock Option and Incentive Plan. It clarifies that stock options and other awards can be granted after the plan's adoption by the Board, but no grants may be made after May 16, 2011. The amendment also requires stockholder approval before any stock can be issued under the plan. The parties involved are Plug Power Inc. and its stockholders.
Exhibit 10.17
AMENDMENT TO
PLUG POWER INC.
1999 STOCK OPTION AND INCENTIVE PLAN
Section 19 of the Plug Power Inc. 1999 Stock Option and Incentive Plan, as amended, is hereby amended by deleting the last sentence of said section in its entirety and substituting the following in lieu thereof:
"Subject to such approval by the stockholders and to the requirement that no Stock may be issued hereunder prior to such approval, Stock Options and other Awards may be granted hereunder on and after the adoption of this Plan by the Board, provided that no grants of Stock Options and other Awards may be made hereunder after May 16,2011."
