First Amendment to Sysco Corporation 2004 Stock Option Plan

Contract Categories: Business Finance › Stock Agreements
Summary

This amendment updates the Sysco Corporation 2004 Stock Option Plan by changing how the exercise price for stock options can be paid. Now, employees may pay the exercise price in cash, by delivering or attesting to shares of company stock valued at fair market value, or by a combination of these methods, as determined by the committee. The amendment is effective as of February 20, 2008, and is executed by Sysco Corporation.

Read More Arrow
EX-10.2 3 h56456exv10w2.htm FIRST AMENDMENT TO THE 2004 STOCK OPTION PLAN exv10w2  

Exhibit 10.2
FIRST AMENDMENT TO
THE SYSCO CORPORATION
2004 STOCK OPTION PLAN
     Section 2.4(b) of the Sysco Corporation 2004 Stock Option Plan is hereby amended by deleting it in its entirety and replacing it with the following:
(b) The Exercise Price shall be payable in cash or by tendering (either by actual delivery of shares or by attestation) shares of Stock that are acceptable to the Committee and were valued at Fair Market Value as of the day the shares are tendered, or in any combination of cash, shares, or attested shares, as determined by the Committee.
     IN WITNESS WHEREOF, the Company has caused this First Amendment to be executed effective as of the 20th day of February, 2008.
         
  SYSCO CORPORATION
 		  
  By:   /s/ Michael C. Nichols    
    Name:   Michael C. Nichols   
    Title:   Sr. Vice President,
General Counsel and Secretary