Amendment to Universal Stainless & Alloy Products, Inc. Amended and Restated 2017 Equity Incentive Plan
Universal Stainless & Alloy Products, Inc. has amended its 2017 Equity Incentive Plan to increase the total number of shares that may be issued under the plan to 1,468,357. This amendment was adopted on May 4, 2022, and executed by the company's Chairman, President, and CEO, Dennis M. Oates. The amendment is made pursuant to the authority granted in the plan and affects the share limit for equity awards to employees or other participants.
Exhibit 10.1
AMENDMENT TO THE
UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC.
AMENDED AND RESTATED 2017 EQUITY INCENTIVE PLAN
Pursuant to Section 5.2 of the Universal Stainless & Alloy Products, Inc. Amended and Restated 2017 Equity Incentive Plan (the “Plan”), the Plan is hereby amended as follows:
The first sentence of Section 4.1 of the Plan is amended by restating the sentence in its entirety to read as follows:
Subject to adjustment under Section 15, the aggregate number of Shares authorized to be issued under the Plan shall not exceed 1,468,357.
EXECUTION
To record the adoption of this Amendment to the Plan, Universal Stainless & Alloy Products, Inc. has caused its appropriate officers to execute this Amendment as of the 4th day of May, 2022.
| UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC. | ||
| By: | /s/ Dennis M. Oates | |
| Name: | Dennis M. Oates | |
| Title: | Chairman, President and Chief Executive Officer | |
