AMENDMENT of the WHIRLPOOL CORPORATION NONEMPLOYEE DIRECTOR EQUITY PLAN
EX-10.(III)(A) 2 dex10iiia.htm NONEMPLOYEE DIRECTOR EQUITY PLAN AMENDMENT Nonemployee Director Equity Plan Amendment
Exhibit 10(iii)(a)
AMENDMENT
of the
WHIRLPOOL CORPORATION
NONEMPLOYEE DIRECTOR EQUITY PLAN
Section 3.4 (b) of the Whirlpool Corporation Nonemployee Director Equity Plan is hereby amended, effective January 1, 2008, to read as follows:
| (b) | Each Option may be exercised at any time after the date it is awarded until (subject to Section 4.1) the first to occur of the tenth anniversary of the date such Option was awarded or the fifth anniversary of the date the Director ceases to be a Director, provided that no Option shall be exercisable within the first six months after it is awarded, unless death or disability of the Director occurs during such period. In the event that the death or disability of the Director does occur and an Option is exercised in that period, any shares of Common Stock issued on such exercise may not be sold until the sixth month anniversary of the date of the grant of the Option. |
IN WITNESS WHEREOF, Whirlpool Corporation has caused this Amendment to be executed by its duly authorized officers, effective as of January 1, 2008.
WHIRLPOOL CORPORATION
Attest:
| By: | /s/ ROBERT J. LAFOREST | By: | /s/ DANIEL F. HOPP | |||
| Robert J. LaForest | Daniel F. Hopp | |||||
| VP & Associate General Counsel | Sr. VP Corporate Affairs, | |||||
| & Assistant Secretary | General Counsel & Secretary |
