Amendment No. 4 to Saucony, Inc. 1993 Equity Incentive Plan

Summary

This amendment updates Saucony, Inc.'s 1993 Equity Incentive Plan by increasing the total number of Class A and Class B Common Stock shares that may be issued under the plan to 1,900,000. The amendment was adopted by the Board of Directors on March 28, 2000, and approved by the company's stockholders on May 18, 2000. The plan governs how the company can grant equity incentives to employees or other participants.

EX-10.2 3 0003.txt AMENDMENT TO EQUITY INCENTIVE PLAN EXHIBIT 10.2 SAUCONY, INC. Amendment No. 4 to 1993 Equity Incentive Plan Section 4 of the 1993 Equity Incentive Plan, as amended, be and hereby is amended by replacing the first sentence thereof with the following: "Subject to adjustment as provided in Section 16 below, the total number of shares of Class A Common Stock, $0.33-1/3 par value per share ("Class A Common Stock"), and Class B Common Stock, $0.33-1/3 par value per share ("Class B Common Stock"), which may be issued and sold under the Plan is 1,900,000 shares in the aggregate." Adopted by the Board of Directors March 28, 2000. Approved by the Company's stockholders May 18, 2000.