Amendment Number Two to West Corporation 2006 Executive Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment, effective December 31, 2011, updates the West Corporation 2006 Executive Incentive Plan by increasing the total number of shares of Common Stock that may be awarded under the plan. The new limits allow up to 38,435,427 shares to be delivered for awards, with a maximum of 11,276,291 shares for incentive stock options. The amendment was approved by the Board of Directors of West Corporation.

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EX-10.1 4 d274877dex101.htm EX-10.1 EX-10.1

Exhibit 10.1

AMENDMENT NUMBER TWO

WEST CORPORATION 2006 EXECUTIVE INCENTIVE PLAN

WHEREAS, the Board of Directors (the “Board”) of West Corporation, a Delaware corporation (the “Company”), adopted the West Corporation 2006 Executive Incentive Plan (the “Plan”) effective as of October 24, 2006;

WHEREAS, the Board now desires to amend the Plan to increase the number of shares of Common Stock which may be awarded under the Plan;

NOW, THEREFORE, effective as of December 31, 2011, the second sentence of Section 4(a) of the Plan is amended and restated in its entirety as follows:

“In addition, an aggregate maximum of 38,435,427 shares of Common Stock may be delivered in satisfaction of other Awards under the Plan; provided that not more than 11,276,291 shares may be delivered in satisfaction of incentive stock options, within the meaning of Section 422 of the Code.”