Amendment No. 3 to TransDigm Group Inc. Fourth Amended and Restated 2003 Stock Option Plan

Contract Categories: Business Finance › Stock Agreements
Summary

This amendment, effective April 23, 2009, modifies the TransDigm Group Incorporated Fourth Amended and Restated 2003 Stock Option Plan. It allows the vesting and exercisability of certain stock options to be determined by the Committee as specified in individual Option Agreements, rather than by the original plan sections. All other terms of the plan remain unchanged. The amendment was adopted by the company's Board of Directors.

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EX-10.1 2 dex101.htm AMENDMENT NO. 3 TO FOURTH AMENDED AND RESTATED 2003 STOCK OPTION PLAN Amendment No. 3 to Fourth Amended and Restated 2003 Stock Option Plan

Exhibit 10.1

AMENDMENT NO. 3

TO THE

TRANSDIGM GROUP INCORPORATED

FOURTH AMENDED AND RESTATED 2003 STOCK OPTION PLAN

WHEREAS, TransDigm Group Incorporated (the “Company”) currently maintains and sponsors the TransDigm Group Incorporated Fourth Amended and Restated 2003 Stock Option Plan (the “Plan”); and

WHEREAS, the Board of Directors of the Company (the “Board”) wishes to amend the Plan in accordance with the provisions of Section 17.

NOW, THEREFORE, the Plan is hereby amended as follows:

1. Notwithstanding Sections 4(a), 7 and 8 of the Plan, all unissued New Management Options and any forfeited Rollover Options or New Management Options shall vest and become exercisable in such manner and on such date or dates set forth in the Option Agreement, as may be determined by the Committee.

2. This Amendment No. 3 shall be effective as of April 23, 2009.

3. Except as modified by this Amendment No. 3, all of the terms and conditions of the Plan shall remain valid and in full force and effect.

IN WITNESS WHEREOF, this Amendment No. 3 was duly adopted by the Board of Directors as of April 23, 2009.

 

TRANSDIGM GROUP INCORPORATED
By  

/s/ Gregory Rufus

  Gregory Rufus, Executive Vice President, Chief
  Financial Officer and Secretary