First Amendment to United Therapeutics Corporation Share Tracking Awards Plan
This amendment, adopted by the Board of Directors of United Therapeutics Corporation, modifies the company's Share Tracking Awards Plan. It sets the maximum number of Share Tracking Awards at 4,500,000 and clarifies that no shares of common stock will be issued under the plan; all payments will be made in cash. The amendment takes effect upon its adoption by the Board.
Exhibit 10.1
FIRST AMENDMENT TO THE
UNITED THERAPEUTICS CORPORATION
SHARE TRACKING AWARDS PLAN
WHEREAS, United Therapeutics Corporation (the “Corporation”) maintains the United Therapeutics Corporation Share Tracking Awards Plan (the “Plan”); and
WHEREAS, the Board of Directors of the Corporation has the authority under Section 10.1 of the Plan to amend the Plan at any time.
NOW, THEREFORE, Section 5.1 of the Plan is hereby amended to read in its entirety as follows:
5.1. Share Tracking Awards. The maximum number of Share Tracking Awards available under this Plan shall be 4,500,000, subject to adjustment as provided in Article 7. Any Share Tracking Award which, for any reason, expires, is cancelled, is forfeited or otherwise is terminated unexercised as to such shares may again be subject to a Share Tracking Award granted under this Plan. No shares of Common Stock shall be issued pursuant to this Plan and payments made under this Plan, if any, shall be made solely in cash.
This First Amendment to the Plan shall become effective upon its adoption by the Board of Directors of the Corporation.
