First Amendment to Stericycle, Inc. 2008 Incentive Stock Plan
This amendment, effective February 10, 2010, modifies the Stericycle, Inc. 2008 Incentive Stock Plan. It sets new annual limits on the number of shares that can be awarded to any eligible employee: up to 250,000 shares for options and stock appreciation rights, and up to 100,000 shares for restricted stock and restricted stock units. These limits apply across all similar company plans, except for the bonus conversion program and employee stock purchase plan. The amendment was authorized by the company's Board of Directors.
Exhibit 10.19
First Amendment to
Stericycle, Inc. 2008 Incentive Stock Plan
The Stericycle, Inc. Employee Stock Purchase Plan (the “Plan”) is amended as follows pursuant to the authority of the Board of Directors of Stericycle, Inc. under Paragraph 8.3 of the Plan:
| 1. | Amendment of Section 4.5 |
Section 4.5 of the Plan is amended to read as follows:
4.5 Individual Limit on Awards
In any calendar year, the maximum number of shares for which Awards may be granted to any Eligible Person shall not exceed 250,000 shares in the case of Options and SARS and 100,000 shares in the case of Restricted Stock and RSU Awards, in each case taking into account all similar types of grants and awards under other stock option and equity compensation plans of the Company (other than the Company’s bonus conversion program and the Company’s employee stock purchase plan). These maximums shall be subject to adjustment as provided in Paragraph 4.6.
| 2. | Effective Date |
This Amendment shall be effective as of February 10, 2010.
