Third Amendment to Associate Stock Purchase Plan (Amended and Restated as of December 31, 1997)
This amendment updates the Associate Stock Ownership Plan, effective June 29, 2002. It clarifies that the plan will automatically end once the maximum number of shares specified in the plan has been issued. The company’s Board or Committee also retains the right to terminate the plan at any time before all authorized shares are issued, with or without notice to participants. The amendment ensures clear rules for when and how the plan can be terminated.
Exhibit 10.12
Third Amendment
to the
Associate Stock Purchase Plan
(Amended and Restated
as of December 31,1997)
RESOLVED, that the Associate Stock Ownership Plan (amended and restated as of December 31, 1997), (the“Plan”) is hereby amended effective June 29, 2002 by deleting the first and second sentences in Section 8 Termination or Amendment of the Plan and replacing it with the following:
The Plan shall automatically terminate on the date that the maximum number of shares, as specified in Section 12 Maximum Number of Shares of the Plan have been issued. The Company, by action of the Board or the Committee, may terminate the Plan at any time prior to the issuance of the maximum number of shares authorized under the Plan, in which case notice of such termination shall be given to all participants, but any failure to give such notice shall not impair the effectiveness of the termination.
