Amendment No. 1 to Xerium Technologies, Inc. 2005 Equity Incentive Plan
This amendment, made by Xerium Technologies, Inc., increases the number of shares available under its 2005 Equity Incentive Plan from 2,500,000 to 7,500,000. The amendment is effective only upon approval by the company's stockholders. All other terms of the original plan remain unchanged. The amendment is governed by Delaware law.
Exhibit 10.1
AMENDMENT NO. 1 TO
XERIUM TECHNOLOGIES, INC.
2005 EQUITY INCENTIVE PLAN
This Amendment No. 1 to the Xerium Technologies, Inc. 2005 Equity Incentive Plan (the “Amendment”) is made on July 3, 2008 effective as of the time provided below.
WHEREAS, the Xerium Technologies, Inc. (the “Company”) has heretofore adopted the Xerium Technologies, Inc. 2005 Equity Incentive Plan (the “Plan”); and
WHEREAS, the Board of Directors of the Company has approved the Amendment contingent upon the approval of the Amendment by the stockholders of the Company;
NOW, THEREFORE, pursuant to Section 10(d) of the Plan, the Plan is hereby amended as follows, effective as of such time as the Amendment is approved by the stockholders of the Company:
Section 5(a) of the Plan is amended by deleting “2,500,000 shares” in the first sentence thereof and replacing it with “7,500,000 shares”.
Except as expressly amended hereby, all provisions of the Plan shall remain unamended and shall continue to be, and shall remain, in full force and effect in accordance with their respective terms.
The Amendment shall have no effect until such time as it is approved by the stockholders of the Company.
The provisions of the Amendment shall be governed by and interpreted in accordance with the laws of the State of Delaware.
