Amendment to Universal Power Group, Inc. 2006 Stock Option Plan Increasing Share Limit

Contract Categories: Business Finance › Stock Agreements
Summary

Universal Power Group, Inc. is amending its 2006 Stock Option Plan to increase the total number of shares available under the plan from 1,500,000 to 2,000,000. This amendment will only become effective after approval by the company's Board of Directors and shareholders, as required by the company's bylaws and applicable law. All other terms of the original plan remain unchanged.

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EX-10.1(C) 2 c57124_ex10-1c.htm

EXHIBIT 10.1(c)

AMENDMENT TO THE UNIVERSAL POWER GROUP, INC. 2006 STOCK OPTION PLAN

 

 

 

 

          A.            The Universal Power Group, Inc. 2006 Stock Option Plan (the “Plan”) is hereby amended as follows:

 

 

 

 

 

 

1.

The Plan is hereby amended to increase the number of shares of Stock covered by the Plan to 2,000,000. In order to effectuate this amendment, Section 5 of the Plan is amended by replacing “1,500,000” with “2,000,000”.

 

 

 

 

          B.            The foregoing amendment to the Plan shall not take effect until it has been adopted by the Board of Directors of the Company and approved by the Company’s shareholders in accordance with the Company’s bylaws and applicable law.

 

 

 

 

          C.            Except as otherwise set forth in this Amendment, the terms and provisions of the Plan shall remain in full force and effect as when originally adopted or as previously amended.

 

 

 

 

          D.            Capitalized terms used in this amendment shall have the meaning ascribed to such terms in the Plan.