Amendment No. 6 to Walgreen Co. Restricted Performance Share Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment, effective October 11, 2006, modifies Section 4.2 of the Walgreen Co. Restricted Performance Share Plan. It clarifies how the number and type of shares available under the plan will be adjusted in the event of changes in the company's capitalization, such as stock splits, mergers, or reorganizations. The Committee is given authority to make these adjustments to ensure fairness and maintain the value of outstanding awards, with any fractional shares rounded to the nearest whole share.

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EX-10.3 4 ex10c.htm RESTRICTED PERFORMANCE SHARE PLAN AMENDMENT Restricted Performance Share Plan Amendment
Exhibit 10(c)

AMENDMENT NUMBER SIX TO THE WALGREEN CO. RESTRICTED PERFORMANCE SHARE PLAN


Effective October 11, 2006, Section 4.2 of the Plan is amended in its entirety to read as follows:

"4.2 Changes in Capitalization. In the event of any change (increase or decrease) in the outstanding shares of the Company by reason of a stock dividend, recapitalization, merger, consolidation, stock split, split up, spin off, combination or exchange of shares, reorganization, liquidation, or other change in corporate capitalization, the aggregate number and class of Shares available under this Plan and the aggregate number and class of Shares that may be issued pursuant to any provision of this Plan that is expressed in terms of a specified number of Shares or that may be issued pursuant to any grant hereunder shall be appropriately and proportionately adjusted by the Committee to prevent dilution or enlargement of rights and preserve the value of outstanding awards; provided that fractional Shares shall be rounded to the nearest whole Share. The Committee’s determination shall be final and conclusive."