WCI » Topics » 13. Amendment and Termination

This excerpt taken from the WCI 8-K filed May 22, 2006.

13. Amendment and Termination

The Committee shall have the authority to make such amendments to any terms and conditions applicable to outstanding Awards as are consistent with this Plan, provided that no such action shall modify any Award in a manner adverse to the Participant without the Participant’s consent except as such modification is provided for or contemplated in the terms of the Award Agreement or this Plan (except that any adjustment that is made pursuant to Paragraph 10 or 11 hereof shall be made by the Committee in good faith). The Board of Directors may amend, suspend or terminate the Plan except that no such action, other than an action under Paragraph 10 or 11 hereof may be taken which would, without shareholder approval, increase the aggregate number of Shares available for Awards under the Plan, decrease the Option Price of outstanding Options, change the requirements relating to the Committee or extend the term of the Plan.

This excerpt taken from the WCI DEF 14A filed Apr 18, 2006.

13. Amendment and Termination

The Committee shall have the authority to make such amendments to any terms and conditions applicable to outstanding Awards as are consistent with this Plan, provided that no such action shall modify any Award in a manner adverse to the Participant without the Participant’s consent except as such modification is provided for or contemplated in the terms of the Award Agreement or this Plan (except that any adjustment that is made pursuant to Paragraph 11 or 12 hereof shall be made by the Committee in good faith). The Board of Directors may amend, suspend or terminate the Plan except that no such action, other than an action under Paragraph 11 or 12 hereof may be taken which would, without shareholder approval, increase the aggregate number of Shares available for Awards under the Plan, decrease the Option Price of outstanding Options, change the requirements relating to the Committee or extend the term of the Plan.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki