First Amendment to Regency Affiliates, Inc. 2003 Stock Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment, executed by Regency Affiliates, Inc., increases the number of shares available for grant under the company's 2003 Stock Incentive Plan from 100,000 to 250,000. All other terms of the original plan remain unchanged. The amendment was approved by the company's Board of Directors and signed by the President on October 1, 2003.

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EX-10.2 3 e604229_ex10-2.htm Unassociated Document
 
FIRST AMENDMENT
TO THE
REGENCY AFFILIATES, INC.
2003 STOCK INCENTIVE PLAN
 
The 2003 Stock Incentive Plan (“Plan”), as adopted by the Board of Directors of Regency Affiliates, Inc. (the “Company”) on March 17, 2003, is hereby amended by the Board of Directors of the Company, pursuant to Section 7(a) of the Plan, as follows:
 
1.           To increase the number of shares of Common Stock, par value $0.01 per share, of the Company available for grant under the Plan by 150,000, the first paragraph of Section 3 of the Plan is hereby amended by deleting the number “100,000” and substituting therefor the number “250,000.”
 
2.           Except as modified herein, the Plan shall remain in full force and effect.
 
IN WITNESS WHEREOF, the Company has caused this amendment to be executed by its duly authorized officer as of the 1st day of October, 2003.
 
 
  REGENCY AFFILIATES, INC.  
       
 
By:
/s/ Laurence S. Levy  
 
  
Laurence S. Levy
President