AMENDMENT TO STOCK OPTION AND SAR AGREEMENTS 1. Reference is made to the Amended and Restated Nonqualified Stock Option Agreement, dated as of February 20, 1998, the Nonqualified Stock Option Agreement, dated as of July 17, 1998 and the Nonqualified...Dal Tile International Inc • August 13th, 1999 • Structural clay products
DTI Investors LLCDal Tile International Inc • August 13th, 1999 • Structural clay products
In connection with the granting of registration rights for the benefit of, and the proposed extension of the expiration date of, DTI Investors LLC (the "LLC"), the LLC agrees with Dal-Tile International Inc. ("Dal-Tile") not to consummate any proposed sale or other transfer (whether or not for value) of shares of Dal-Tile common stock or securities convertible into Dal-Tile common stock unless approved by the CEO of Dal-Tile, provided that if Jacques Sardas ("Sardas") is not CEO at such time, such sale or transfer must be approved by a majority of those directors of Dal-Tile who are not officers, directors, employees or consultants of AEA Investors Inc. or members of the LLC. By his execution hereof, Sardas agrees not to consummate any proposed sale or other transfer of shares of Dal-Tile common stock or securities convertible into Dal-Tile common stock unless approved by the LLC. These restrictions are not intended to apply to the transfer by (a) Sardas to family members or family tru
August 5, 1999Dal Tile International Inc • August 13th, 1999 • Structural clay products
