Amendment to PartnerShares Stock Option Plan (Effective July 1, 2003)
This amendment updates the PartnerShares Stock Option Plan, effective July 1, 2003. It changes how shares used to pay for awards or related tax withholding are treated, allowing those shares to be reused for future awards under the plan. The amendment clarifies that such shares remain available for future grants or calculations within the plan.
Exhibit 10(aa)
Amendment to the PartnerShares Stock Option Plan
RESOLVED that, effective as of July 1, 2003, the second sentence of Section 3.2 of the PartnerShares Stock Option Plan is amended to read as follows:
“Shares used as a basis for calculating cash amounts that are used to pay any portion of the purchase price of an Award or any portion of a Participant’s income tax withholding resulting from an Award, will also thereafter be available for Awards or as a basis for calculating Awards under the Plan.”
