Third Amendment to Steelcase Inc. Incentive Compensation Plan

Summary

This amendment, effective September 19, 2000, modifies Section 17.2 of the Steelcase Inc. Incentive Compensation Plan. It allows the Board or its delegate to adjust the terms, conditions, or criteria of any award under the plan, provided such changes do not negatively impact the award holder and remain consistent with tax code requirements. The amendment is executed by Steelcase Inc. through its Senior Vice President of Global Human Resources.

EX-10.19 4 0004.txt EXHIBIT 10.19 EXHIBIT 10.19 THIRD AMENDMENT TO THE STEELCASE INC. INCENTIVE COMPENSATION PLAN _______________________________________________________________________________ Effective September 19, 2000, Section 17.2 of the Steelcase Inc. Incentive Compensation Plan is amended as follows: "17.2. Adjustment of Awards. The Board (or its delegate) may make adjustments in the terms and conditions of, and the criteria included in, any Award in any situation it deems appropriate, as long as the adjustment of such Award does not adversely affect the holder; provided that no such adjustment shall be authorized to the extent that such authority would be inconsistent with the Plan's meeting the requirements of Section 162(m) of the Code." IN WITNESS WHEREOF, the Company has caused this Third Amendment to the Steelcase Inc. Incentive Compensation Plan to be executed by its duly authorized officer this 29th day of September, 2000. STEELCASE INC. By: /s/ Nancy W. Hickey -------------------------------- Nancy W. Hickey Its: Senior Vice President ---------------------------- Global Human Resources