Amendment No. 1 to RadNet, Inc. 2006 Equity Incentive Plan

Summary

RadNet, Inc. amends its 2006 Equity Incentive Plan to clarify how certain limitations apply to awards under the plan. Specifically, the amendment states that some restrictions do not apply to awards not intended as performance-based compensation under IRS rules, and that adjustments to such awards will only be made if they do not affect their tax status. This amendment is effective retroactively from the plan's original adoption date.

EX-10.1 2 radnet_10qex10-01.txt 1ST AMEND. TO 2006 EQUITY INCENTIVE PLAN EXHIBIT 10.1 AMENDMENT NO. 1 TO THE 2006 EQUITY INCENTIVE PLAN RadNet, Inc. (the "Company") hereby amends its 2006 Equity Incentive Plan (the "Plan"), retroactively effective as of the Plan's original adoption, as follows: The second sentence of Section 3(b) of the Plan is hereby amended in its entirety to read as follows: Notwithstanding anything to the contrary in the Plan, the limitations set forth in this Section 3(b) shall (i) not apply to any Award that is not intended to qualify as "performance-based compensation" within the meaning of Section 162(m) of the Code, or (ii) be subject to adjustment under Section 15 of the Plan only to the extent that such adjustment will not affect the status of any Award intended to qualify as "performance-based compensation" under Section 162(m) of the Code. * * * * * The Company has caused this Amendment No. 1 to be signed on the date indicated below, to be effective as indicated above. RADNET, INC. Dated: _____________, 2008 By: ----------------------------------- Its: -----------------------------------