Amendment to Trio-Tech International 2017 Directors Equity Incentive Plan
Trio-Tech International has amended its 2017 Directors Equity Incentive Plan to increase the number of shares of common stock reserved for issuance under the plan to 900,000 shares. These shares may be issued as options or restricted stock to directors. If any granted options expire or are not fully exercised, the unused shares will become available again for future awards under the plan.
Exhibit 10.3
TRIO-TECH INTERNATIONAL
AMENDMENT TO 2017 DIRECTORS EQUITY INCENTIVE PLAN
Section 4 of the 2017 Directors Equity Incentive Plan of Trio-Tech International is amended to read in its entirety as follows:
"4. Stock Subject to Plan. There shall be reserved for issue upon the exercise of options granted, or restricted stock awarded, under the Plan 900,000 shares of Common Stock or the number of shares of Common Stock which, in accordance with the provisions of Section 9 hereof, shall be substituted therefor. Such shares may be authorized but unissued shares or treasury shares. If an option granted under the Plan shall expire or terminate for any reason without having been exercised in full, unpurchased shares subject thereto shall again be available for the purposes of the Plan.”
