Amendment to Trio-Tech International 2017 Directors Equity Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment updates Section 4 of Trio-Tech International's 2017 Directors Equity Incentive Plan. It increases the number of shares of common stock reserved for issuance under the plan to 600,000 shares. The amendment also clarifies that if any options expire or terminate without being exercised, those shares will become available again for future awards. The amendment ensures the plan has sufficient shares for future grants to directors.

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EX-10.6 2 ex10-6.htm AMENDMENT TO 2017 DIRECTORS EQUITY INCENTIVE PLAN ex10-6
 
Exhibit 10.6
 
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 600,000 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..”