First Amendment to Verisity Ltd. 2000 Employee Share Purchase Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment, approved by the Board of Directors of Verisity Ltd. on March 11, 2001, updates the definition of "Compensation" in the company's 2000 Employee Share Purchase Plan to include all gross earnings, such as commissions, bonuses, overtime, shift premiums, incentive compensation, and other payments. All other terms of the original plan remain unchanged.

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EX-10.42 4 0004.txt 2000 EMPLOYEE SHARE PURCHASE PLAN EXHIBIT 10.42 FIRST AMENDMENT TO VERISITY LTD. 2000 EMPLOYEE SHARE PURCHASE PLAN Pursuant to an action taken on March 11, 2001 by the Board of Directors of Verisity Ltd., Section 2(d) of the Verisity Ltd. 2000 Employee Share Purchase Plan (the "Plan") is hereby amended as follows: (d) "Compensation" shall mean all gross earnings including commissions, bonuses, payments for overtime, shift premium, incentive compensation, incentive payments and other compensation. Except as expressly amended above, the Plan shall remain in full force and effect.