Amendment No. 1 to Rockwell Medical Technologies, Inc. 2007 Long Term Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment updates the Rockwell Medical Technologies, Inc. 2007 Long Term Incentive Plan by increasing the number of shares of common stock reserved for issuance under the plan to 1,750,000. The amendment was approved by the company's Board of Directors and shareholders and is executed by the company's President and CEO. The plan allows for stock-based awards, including incentive stock options, and the share amounts may be adjusted as specified in the plan.

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EX-10.23 3 k27106exv10w23.htm AMENDEMENT NO.1 TO 2007 LONG TERM INCENTIVE PLAN exv10w23
Exhibit 10.23
AMENDMENT NO. 1 TO
ROCKWELL MEDICAL TECHNOLOGIES, INC.
2007 LONG TERM INCENTIVE PLAN
          This Amendment No. 1 to the Rockwell Medical Technologies, Inc. 2007 Long Term Incentive Plan (the “Plan”) is made this 29th day of May, 2008 pursuant to Section 10.6 of the Plan following approval by the Board of Directors and shareholders of Rockwell Medical Technologies, Inc.
     Section 1.7(a) is amended and restated in its entirety to read as follows:
(a) The Corporation has reserved 1,750,000 shares of the Corporation’s Common Stock for issuance pursuant to stock-based Awards, including without limitation, Incentive Stock Options. All amounts in this Section 1.7 shall be adjusted, as applicable, in accordance with Article IX.
          IN WITNESS WHEREOF, Rockwell Medical Technologies, Inc. has caused this Amendment No. 1 to be executed as of the day and year first above written.
ROCKWELL MEDICAL TECHNOLOGIES, INC.
/s/ Robert L. Chioini
Robert L. Chioini
President and Chief Executive Officer

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