First Amendment to Somanetics Corporation 2005 Stock Incentive Plan

Contract Categories: Business Finance › Modification Agreements
Summary

This amendment, dated January 17, 2007, modifies the Somanetics Corporation 2005 Stock Incentive Plan. The company's Board of Directors has approved an increase in the number of common shares available for awards under the plan to 1,200,000. The amendment is made in accordance with the board's authority to revise the plan. No other terms of the plan are changed by this amendment.

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EX-10.3 3 k11634exv10w3.htm SUMMARY OF DOMINIC SPADAFORE FISCAL 2007 COMMISSION AGREEMENT exv10w3  

EXHIBIT 10.3
FIRST AMENDMENT TO
SOMANETICS CORPORATION
2005 STOCK INCENTIVE PLAN
     WHEREAS, SOMANETICS CORPORATION, a Michigan corporation (the “Company”), has previously adopted the Somanetics Corporation 2005 Stock Incentive Plan (the “Plan”);
     WHEREAS, pursuant to Section 4.2 of the Plan, the Company’s Board of Directors has retained right to amend the Plan; and
     WHEREAS, the Company’s Board of Directors now desires to amend the Plan.
     NOW THEREFORE IN CONSIDERATION of the premises and by resolution of the Company’s Board of Directors, the Plan is hereby amended as follows:
Section 1.5(a) of the Plan is amended to read as follows:
     “(a) Subject to adjustment as provided in Section 4.7, the number of Common Shares that shall be available for awards under this Plan shall be 1,200,000.”
Dated: January 17, 2007