Common use of Restricted Stock Award Agreements Clause in Contracts

Restricted Stock Award Agreements. The Parties agree that the Restricted Stock Award Agreements (Executive Award/Performance Based) dated June 18, 2004 and June 15, 2005 between the Executive and the Company (“Restricted Stock Award Agreements”) shall be amended by replacing the phrase “a fraction, the numerator of which is the number of months elapsed since May 1, 2004 [or 2005] (rounded up) and the denominator of which is 36” in the last sentence of Section 6(c) with the phrase “the percentage set forth in Exhibit C (Column (d)) corresponding to the number of months elapsed since May 1, 2004 [2005].” A copy of a revised Exhibit B and Exhibit C are attached hereto. In all other respects the Restricted Stock Award Agreements remain in full force and effect.

Appears in 7 contracts

Samples: Change in Control Agreement (Methode Electronics Inc), Change in Control Agreement (Methode Electronics Inc), Change in Control Agreement (Methode Electronics Inc)

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