Amendment to the 1994 Restricted Stock Plan for Non-Employee Directors

Summary

This amendment updates the 1994 Restricted Stock Plan for Non-Employee Directors, effective September 27, 2007. It revises Section 6 to clarify that, in the event of significant corporate changes such as mergers, stock splits, or reorganizations, the plan's committee has the authority to make equitable adjustments to the number and type of shares granted under the plan to ensure fairness and prevent dilution or unfair advantage.

EX-10.3 4 dex103.htm AMENDMENT TO THE 1994 RESTRICTED STOCK PLAN Amendment to the 1994 Restricted Stock Plan

Exhibit 10.3

AMENDMENT TO

THE 1994 RESTRICTED STOCK PLAN FOR NON-EMPLOYEE DIRECTORS

Effective as of September 27, 2007, the 1994 Restricted Stock Plan for Non-Employee Directors was amended as follows:

Section 6 was amended to read in its entirety as follows:

Section 6. Adjustments. In the event of a recapitalization, stock split, stock dividend, combination or exchange of shares, merger, consolidation, rights offering, separation, reorganization or liquidation, or any other change in the corporate structure or shares of the Company, the Committee shall make such equitable adjustments, to prevent dilution or enlargement of rights, as it may deem appropriate in the number and class of shares authorized to be granted hereunder.