Amendment to the Williams Partners GP LLC Long-Term Incentive Plan
Contract Categories:
Human Resources
›
Bonus & Incentive Agreements
Summary
This amendment, effective November 28, 2006, modifies the Williams Partners GP LLC Long-Term Incentive Plan. The Board of Directors of Williams Partners GP LLC has updated the definition of "Committee" to include the Board or any committee appointed by the Board to administer the plan. The amendment also clarifies that the plan will be administered by the Committee. All other terms of the plan remain unchanged.
EX-10.1 3 h41813exv10w1.htm AMENDMENT TO THE WILLIAMS PARTNERS GP LLC LONG-TERM INCENTIVE PLAN exv10w1
Exhibit 10.1
AMENDMENT TO THE
WILLIAMS PARTNERS GP LLC
LONG-TERM INCENTIVE PLAN
LONG-TERM INCENTIVE PLAN
WHEREAS, in accordance with Section 7 of the Williams Partners GP LLC, Long-Term Incentive Plan (the Plan), the Board of Directors of Williams Partners GP LLC may amend the Plan;
WHEREAS, the Board of Directors of Williams Partners GP LLC, acting in its settlor capacity, now desires to amend the Plan;
NOW, THEREFORE, in consideration of the premises, the Plan shall be, and hereby is amended in the following respects, effective November 28, 2006:
I.
The definition of Committee in Section 2 of the Plan is hereby deleted in its entirety and replaced with the following:
Committee means the Board or such other committee of the Board appointed by the Board to administer the Plan.
II.
The first sentence of Section 3 of the Plan is hereby deleted in its entirety and replaced with the following:
The Plan shall be administered by the Committee.
III.
Except as modified herein, the Plan shall remain in full force and effect.