Amendment No. 2 to ModusLink Global Solutions, Inc. 2005 Non-Employee Director Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment, adopted by the Board of Directors of ModusLink Global Solutions, Inc. on September 23, 2009, modifies the company's 2005 Non-Employee Director Plan. It eliminates the provision for future annual grants to non-employee directors and updates related language in the plan. The amendment applies from the date of adoption and affects how non-employee directors may receive compensation under the plan going forward.

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EX-10.19 2 dex1019.htm AMENDMENT NO. 2 TO MODUSLINK GLOBAL SOLUTIONS 2005 NON-EMPLOYEE DIRECTOR PLAN Amendment No. 2 to ModusLink Global Solutions 2005 Non-Employee Director Plan

Exhibit 10.19

AMENDMENT NO. 2

TO

MODUSLINK GLOBAL SOLUTIONS, INC.

2005 NON-EMPLOYEE DIRECTOR PLAN

The 2005 Non-Employee Director Plan (the “Plan”) of ModusLink Global Solutions, Inc., a Delaware corporation (the “Corporation”), is hereby amended as follows:

 

  1. Section 5(b) is hereby deleted in its entirety, so that no further Annual Grants shall be made under the Plan after the date of this amendment.

 

  2. Section 5(c) is hereby amended by deleting the words “and the Annual Grants” from the second sentence of such Section 5(c).

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Adopted by the Board of Directors on

September 23, 2009