Amendment to Vaporin, Inc. 2014 Equity Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

Vaporin, Inc. has amended its 2014 Equity Incentive Plan to increase the total number of shares of common stock available for grant under the plan to 50,000,000. The company is required to keep enough shares available at all times to fulfill any awards granted under the plan. This amendment ensures that sufficient shares are reserved for current and future equity awards to eligible participants.

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EX-10.1 2 ex10-1.htm EXHIBIT 10.1 EXHIBIT 10.1

 

Exhibit 10.1

 

Vaporin, Inc.

 

Amendment to the 2014 Equity Incentive Plan

 

Vaporin, Inc. amends its 2014 Equity Incentive Plan (the “Plan”) as follows:

 

Section 4.1 of the Plan shall be deleted and replaced by the following:

 

4.1 Subject to adjustment in accordance with Section 11, a total of 50,000,000 shares of Common Stock shall be available for the grant of Awards under the Plan. During the term of the Awards, the Company shall keep available at all times the number of shares of Common Stock required to satisfy such Awards.