First Amendment to Dex Media, Inc. 2016 Stock Incentive Plan
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Summary
Dex Media, Inc. has amended its 2016 Stock Incentive Plan, effective February 15, 2017. The amendment changes the rules for when non-qualified stock options terminate after an employee or award holder leaves the company. Now, options end immediately if employment is terminated for cause, six months after termination due to death or disability, and ninety days after termination for any other reason. This amendment was approved by the company's Board of Directors and signed by the Chief Human Resources Officer.
EX-10.12 9 nt10007762x14_ex10-12.htm EXHIBIT 10.12
Exhibit 10.12
Exhibit 10.12
FIRST AMENDMENT
TO THE
DEX MEDIA, INC.
2016 STOCK INCENTIVE PLAN
Pursuant to Section 16.1 of the Dex Media, Inc. 2016 Stock Incentive Plan, as adopted by the Company’s Board of Directors on September 8, 2016 (the “Plan”), the Plan is hereby amended as follows:
1. | Effective as of February 15, 2017, the third sentence of Section 7.1(f) is amended to read in its entirety as follows: |
“Unless the Committee provides otherwise, a Non-Qualified Option shall terminate immediately upon the giving of notice of the termination of the award holder’s employment or other Relationship for Cause, six (6) months after the award holder's termination of employment or other Relationship on account of death or Disability and ninety (90) days after the award holder’s termination of employment or other Relationship for any other reason.”
IN WITNESS WHEREOF, Dex Media, Inc. has caused this First Amendment to be executed this 15th day of February, 2017 pursuant to authority granted in resolutions duly adopted by the Board of Directors on February 15, 2017.
Dex Media, Inc. | ||
By: | Debra M. Ryan | |
Title: | EVP – Chief Human Resources Officer |