Amendment No. 2003-1 to Benchmark Corporation of Delaware Equity Incentive Plan by Radnor Holdings Corporation
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Summary
Radnor Holdings Corporation has amended the Benchmark Corporation of Delaware Equity Incentive Plan, which it maintains for eligible employees. The amendment allows the plan's committee, at its sole discretion, to extend the term of any stock option by up to three additional years beyond its original expiration date. This change was executed on October 29, 2003, and is intended to provide greater flexibility in managing employee stock options under the plan.
EX-10.60 10 dex1060.txt AMENDMENT NO. 2003-1 EXHIBIT 10.60 AMENDMENT NO. 2003-1 TO THE BENCHMARK CORPORATION OF DELAWARE EQUITY INCENTIVE PLAN WHEREAS, Radnor Holdings Corporation (the "Corporation") maintains the Benchmark Corporation of Delaware Equity Incentive Plan (the "Plan") on behalf of certain of its eligible employees; and WHEREAS, the Corporation has the reserved authority to amend the Plan; and WHEREAS, the Corporation desires to amend the Plan; NOW, THEREFORE, the Plan is hereby amended as follows: 1. Section 6(c) of the Plan is amended by adding the following sentence to the end thereof: Notwithstanding the foregoing or any other provision of this Plan to the contrary, the Committee may, in its sole discretion, extend the term of any option up to an additional three (3) years from the date the Option was set to expire. IN WITNESS WHEREOF, this Amendment No. 2003-1 has been executed as of this 29th day of October, 2003. ATTEST: RADNOR HOLDINGS CORPORATION /s/ Caroline J. Williamson By: /s/ John P. McKelvey - -------------------------- ------------------------------------- Title: Sr. V.P. Human Resources and ---------------------------------- Administration ---------------------------------- PH2\1145976.1
