Amendment to Veeco Instruments Inc. 2000 Stock Incentive Plan (Effective May 25, 2005)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment updates Section 5(a) of the Veeco Instruments Inc. 2000 Stock Incentive Plan, increasing the total number of shares available for awards to 8,530,000, with a maximum of 1,700,000 shares allowed as Restricted Stock. The amendment clarifies the limits on stock awards that the company may grant to eligible participants under the plan.

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EX-10.1 2 a05-14026_1ex10d1.htm EX-10.1

Exhibit 10.1

 

AMENDMENT TO

VEECO INSTRUMENTS INC.

2000 STOCK INCENTIVE PLAN
 

Effective May 25, 2005

 

Section 5(a) of the Veeco Instruments Inc. 2000 Stock Incentive Plan, formerly known as the 2000 Stock Option Plan, as amended (the “2000 Plan”), is hereby amended to read, in its entirety, as follows:

 

5.                                             Grant of Awards; Shares Subject to the Plan

 

The Committee may, from time to time, grant Plan Awards to one or more Eligible Persons; provided, however, that:

 

(a)                                  Subject to Section 10, the aggregate number of shares of Stock in respect of which Plan Awards may be granted under the Plan shall not exceed 8,530,000, of which no more than 1,700,000 may be in the form of Restricted Stock;