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Exhibit 10.2.3
SECOND AMENDMENT TO THE DAY INTERNATIONAL
GROUP, INC. STOCK OPTION PLAN (the "Plan")
Acting pursuant to Section 9.5 of the Plan, Day International
Group, Inc. (the "Corporation") hereby amends the Plan, effective as of January
16, 1998 unless otherwise indicated.
1. The Plan is amended by adding the following sentence at the
end of the definition of "Stockholders Agreement" in Article II:
Effective as of January 16, 1998, "Stockholders Agreement"
means the stockholders agreement in effect from time to time
among the Company and its stockholders.
2. The Plan is amended by adding a new Section 5.6 at the end
of Article V thereof, reading in its entirety as follows:
5.6 Acquisition Transaction. Notwithstanding anything
to the contrary in this Plan (including, without limitation,
Section 9.2), (i) effective immediately prior to the
consummation of the transactions contemplated by the Stock
Purchase Agreement, dated as of December 18, 1997, by and
among Greenwich IV, LLC, GSD Acquisition Corp.("GSD"), and
each of the persons named therein, as amended (the "Stock
Purchase Agreement"), all then outstanding Options shall be
fully vested, (ii) each of the Options set forth on Schedule I
hereto (such Options, the "Retained Options"), shall not
expire, but shall remain exercisable and outstanding in
accordance with the terms of the Plan, following the
consummation of the transactions contemplated by the Stock
Purchase Agreement (the "Closing"), (iii) in connection with
the Closing and subject to Section 7.4, each Participant shall
transfer all his outstanding Options, other than Retained
Options, to GSD and shall receive, in respect thereof, an
amount equal to the excess of (x) the aggregate Fair Market
Value of the Option Shares subject to such Options as of the
date of the Closing, over (y) the aggregate per share Exercise
Price of such Options.
3. The Plan is amended by adding the following language at the
end of Section 8.1:
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; provided that, the Retained Options shall not expire, but
shall remain exercisable and outstanding in accordance with
the terms of the Plan, following the Closing. Notwithstanding
anything to the contrary in this Plan or in any option
agreement hereunder, Retained Options shall be subject to the
stockholders agreement in effect from time to time among the
Corporation and its stockholders.
4. The Plan is amended by adding the following sentence at the
end of Section 9.5:
Effective as of January 16, 1998, no further Options may be
granted under this Plan.
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SCHEDULE I
RETAINED OPTIONS
NAME NUMBER OF TYPE PER SHARE
RETAINED OPTIONS EXERCISE PRICE
--------------------- ------------------- ---------- -------------------------
Xxxxxx X. Xxxxxxx 1200.0 C $1,000.00
C = Closing Options
BP = Board Pool Options
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SCHEDULE I
RETAINED OPTIONS
NAME NUMBER OF TYPE PER SHARE
RETAINED OPTIONS EXERCISE PRICE
--------------------- ------------------- ---------- -------------------------
Xxxxx X. Xxxxxxxx 200.0 C $1,000.00
110.0 BP $1,200.00
C = Closing Options
BP = Board Pool Options
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SCHEDULE I
RETAINED OPTIONS
NAME NUMBER OF TYPE PER SHARE
RETAINED OPTIONS EXERCISE PRICE
--------------------- ------------------- ---------- -------------------------
Xxxxxxxxx Xxxxxxxxxx 200.0 C $1,000.00
C = Closing Options
BP = Board Pool Options
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SCHEDULE I
RETAINED OPTIONS
NAME NUMBER OF TYPE PER SHARE
RETAINED OPTIONS EXERCISE PRICE
--------------------- ------------------- ---------- -------------------------
Xxxx X. Xxxx 200.0 C $1,000.00
C = Closing Options
BP = Board Pool Options
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SCHEDULE I
RETAINED OPTIONS
NAME NUMBER OF TYPE PER SHARE
RETAINED OPTIONS EXERCISE PRICE
--------------------- ------------------- ---------- -------------------------
Xxxxxxx X. XxXxxx 200.0 C $1,000.00
C = Closing Options
BP = Board Pool Options
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SCHEDULE I
RETAINED OPTIONS
NAME NUMBER OF TYPE PER SHARE
RETAINED OPTIONS EXERCISE PRICE
--------------------- ------------------- ---------- -------------------------
Xxxxxx Xxxxx 200.0 BP $1,200.00
C = Closing Options
BP = Board Pool Options
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SCHEDULE I
RETAINED OPTIONS
NAME NUMBER OF TYPE PER SHARE
RETAINED OPTIONS EXERCISE PRICE
--------------------- ------------------- ---------- -------------------------
Xxxxxx X. Xxxxxx 112.5 C $1,000.00
C = Closing Options
BP = Board Pool Options
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SCHEDULE I
RETAINED OPTIONS
NAME NUMBER OF TYPE PER SHARE
RETAINED OPTIONS EXERCISE PRICE
--------------------- ------------------- ---------- -------------------------
Xxxxxxx X. Xxxxx 112.5 C $1,000.00
C = Closing Options
BP = Board Pool Options
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SCHEDULE I
RETAINED OPTIONS
NAME NUMBER OF TYPE PER SHARE
RETAINED OPTIONS EXERCISE PRICE
--------------------- ------------------- ---------- -------------------------
Xxxxxxx X. Xxxxxxx 112.5 C $1,000.00
C = Closing Options
BP = Board Pool Options
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SCHEDULE I
RETAINED OPTIONS
NAME NUMBER OF TYPE PER SHARE
RETAINED OPTIONS EXERCISE PRICE
--------------------- ------------------- ---------- -------------------------
Xxxxxxx X. Xxxxxx 60.0 BP $1,000.00
C = Closing Options
BP = Board Pool Options
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SCHEDULE I
RETAINED OPTIONS
NAME NUMBER OF TYPE PER SHARE
RETAINED OPTIONS EXERCISE PRICE
--------------------- ------------------- ---------- -------------------------
Xxxxxx X. Xxxxxxxxxxx 10.0 C $1,000.00
15.0 BP $1,000.00
C = Closing Options
BP = Board Pool Options
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SCHEDULE I
RETAINED OPTIONS
NAME NUMBER OF TYPE PER SHARE
RETAINED OPTIONS EXERCISE PRICE
--------------------- ------------------- ---------- -------------------------
Xxxx Boret 10.0 C $1,000.00
C = Closing Options
BP = Board Pool Options
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SCHEDULE I
RETAINED OPTIONS
NAME NUMBER OF TYPE PER SHARE
RETAINED OPTIONS EXERCISE PRICE
--------------------- ------------------- ---------- -------------------------
Xxxxxxxx X. Xxxxx 10.0 C $1,000.00
C = Closing Options
BP = Board Pool Options
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SCHEDULE I
RETAINED OPTIONS
NAME NUMBER OF TYPE PER SHARE
RETAINED OPTIONS EXERCISE PRICE
--------------------- ------------------- ---------- -------------------------
Xxxxxx Xxxxxx 10.0 C $1,000.00
C = Closing Options
BP = Board Pool Options
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SCHEDULE I
RETAINED OPTIONS
NAME NUMBER OF TYPE PER SHARE
RETAINED OPTIONS EXERCISE PRICE
--------------------- ------------------- ---------- -------------------------
Xxxxx Xxxxxxxx 10.0 C $1,000.00
C = Closing Options
BP = Board Pool Options
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