Fourth Amendment to Pride International, Inc. 1993 Directors' Stock Option Plan

Contract Categories: Business Finance › Stock Agreements
Summary

Pride International, Inc. has amended its 1993 Directors' Stock Option Plan by deleting Section 12.4 of the Plan. This amendment, effective August 21, 2001, was authorized by the company and signed by Vice President Robert W. Randall. The amendment reflects the company's ongoing management of its stock option plan for directors.

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EX-10.12 3 h03337exv10w12.txt 4TH AMENDMENT TO 1993 DIRECTORS' STOCK OPTION PLAN EXHIBIT 10.12 PRIDE INTERNATIONAL, INC. 1993 DIRECTORS' STOCK OPTION PLAN Fourth Amendment Pride International, Inc. (the "Company") having previously established the Pride Petroleum Services, Inc. 1993 Directors' Stock Option Plan effective February 22, 1993, as thereafter amended effective May 22, 1997 and December 4, 1997 (the "Plan"), and having reserved the right under Section XVIII thereof to amend the Plan, does hereby amend Section 12.4 of the Plan by deleting it in its entirety. This Amendment shall be effective as of August 21, 2001. PRIDE INTERNATIONAL, INC. By: /s/ ROBERT W. RANDALL ------------------------------------- Robert W. Randall, Vice President