Amendment to Long Term Incentive Performance Award Program by Human Resources Committee (December 10, 2003)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

The Human Resources Committee has amended the company's Long Term Incentive Performance Award Program to specify that no awards will be granted for the performance period from January 1, 2004, to December 31, 2006. This resolution clarifies that participants in the program will not receive any awards for this specific period.

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EX-10.17(B) 9 exhibit1017b.htm EXHIBIT 10.17(B) EXHIBIT 10

EXHIBIT 10.17(b)

RESOLUTION OF THE

HUMAN RESOURCES COMMITTEE

DECEMBER 10, 2003

 

Amendment of Long Term Incentive Performance Award Program

RESOLVED, pursuant to section 7.2 of the Company's Long Term Incentive Performance Award Program, as amended (the "LTIP Program"), that section 4.1 of the LTIP Program is hereby amended to add the following sentence at the end of such section 4.1:

"Notwithstanding the foregoing, there shall be no Award made under the Program with respect to the Performance Period commencing January 1, 2004 and ending December 31, 2006."

it being the intent of this Committee that no Award (as such term is defined in the LTIP Program) shall be made under the LTIP Program for the Performance Period commencing on January 1, 2004 and ending December 31, 2006.