FIRST AMENDMENT
TO
EQUITY ONE, INC.
AMENDED AND RESTATED
2000 EXECUTIVE INCENTIVE COMPENSATION PLAN
A. | The Equity One, Inc. Amended and Restated 2000 Executive Incentive Compensation Plan (the “Plan”), as approved by the Company’s stockholders on May 2, 2011, is hereby amended as follows: |
1. | Section 10(e) of the Plan is hereby amended by adding the following sentence to the end thereof: |
“Notwithstanding anything in the Plan to the contrary, without stockholder approval, in no event may the Board or the Committee
(a) reduce the exercise price of outstanding Options and SARs; or
(b) effect repricing of Options and SARs through cancellation and re-grants or cancellation in exchange for cash, other Awards or Options or SARs with a lower exercise price.”
B. | Except as amended herein, the Plan is confirmed in all other respects. |
C. | The effective date of this First Amendment shall be May 9, 2014. |