EXHIBIT 10.3
THE GAP, INC.
AMENDMENT TO
NON-QUALIFIED STOCK OPTION AGREEMENTS
The Gap, Inc. (the "Company") and Xxxxxx Xxxxxx, Xx. ("Director") are
parties to certain agreements whereby the Company granted stock options to
Director under the 1996 Stock Option and Award Plan (and its predecessor plan)
and the Nonemployee Director Deferred Compensation Plan. The Company hereby
amends the following agreements reflecting stock option awards to Director under
such plans to provide that, with respect to the options represented by such
agreements, upon Director's Retirement (as defined in the respective plan) from
the Board, he shall be entitled to exercise such options up to the date three
(3) years from the date of such Retirement:
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Option # Option Date
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016282 4/29/98
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T00016 5/1/98
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T00051 7/31/98
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T00064 10/30/98
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T00069 1/29/99
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T00075 4/30/99
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040025 5/5/99
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T00099 7/30/99
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T00109 10/29/99
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T00117 1/28/00
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T00143 4/28/00
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067705 5/8/00
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T00173 7/28/00
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T00230 10/27/00
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T00354 2/2/01
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IN WITNESS WHEREOF, the Company has executed this Agreement to
be effective as of the date set forth below.
THE GAP, INC.
Dated: April 3, 2001 /s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx
Chairman of the Board
