Amendment to Long-Term Incentive Compensation Plan (Effective July 1, 2003)
This document amends the Long-Term Incentive Compensation Plan, effective July 1, 2003. It changes the rules regarding shares that are forfeited or not issued under the plan, allowing such shares to be reused for future awards if the original award conditions are not met or payment is not made in stock. The amendment ensures that unissued or forfeited shares remain available for future incentive awards to eligible participants.
Exhibit 10(a)
Amendment to the Long-Term Incentive Compensation Plan
RESOLVED that, effective as of July 1, 2003, the third sentence of Section 4 of the Long-Term Incentive Compensation Plan is amended to read as follows:
“Any Shares subject to the terms and conditions of an Award under this Plan which are forfeited or not issued because the terms and conditions of the Award are not met or for which payment is not made in Stock may again be used for an Award under the Plan.”
