First Financial Management Corp – ‘10-Q’ for 6/30/94 – EX-10.1

As of:  Friday, 8/12/94   ·   For:  6/30/94   ·   Accession #:  950144-94-1478   ·   File #:  1-10442

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        First Financial Management 10-Q                       13     55K 
 2: EX-4.1      Amendments 1 & 2 to Savings Plan                      23     40K 
 3: EX-10.1     Amendment to Incentive Stock Plan                      1      7K 
 4: EX-10.2     Agreement Plan of Reorganization and Merger           57    255K 

EX-10.1   —   Amendment to Incentive Stock Plan

EX-10.1
TOC
↑Top
Previous
Next
↓Bottom
Just 1st
 
                                                                  EXHIBIT 10.1

AMENDMENT TO
FIRST FINANCIAL MANAGEMENT CORPORATION
1988 INCENTIVE STOCK PLAN 

        THIS AMENDMENT TO 1988 INCENTIVE STOCK PLAN (the "Plan") is made as of
the 22nd day of March, 1994.                                                    

BACKGROUND STATEMENT

        The Compensation Committee of the Board of Directors (the "Committee")
of First Financial Management Corporation (the "Corporation") has determined    
that in order to comply with proposed federal income tax regulations with       
respect to the deductibility by the Corporation of restricted stock awards it   
was necessary to amend the Plan in order to allow a restricted stock award      
agreement to provide that dividends on restricted stock awards may be withheld, 
as determined by the Committee, until such time as the restrictions on the      
award shares lapse. At a duly called meeting of the Committee on March 22,      
1994, the Committee adopted the amendment set forth below.  The Corporation     
effected a three-for-two stock split on April 1, 1992.  Under the express terms 
of the Plan the stock split resulted in an adjustment to the number of shares   
subject to the Plan and it is desirable to reflect such adjustment in the Plan. 
Therefore the Plan is amended in the following respects, such amendment to be   
effective as of March 22, 1994:                                                 

   1)      Paragraph 2 of the Plan is amended by deleting the figure
"3,000,000" from line 4 thereof and inserting in lieu thereof the figure        
"4,500,000."                                                                    

   2)      Paragraph 8(b) is amended by inserting "or any restricted
stock award agreement" in the second sentence thereof immediately after the     
word "Plan."                                                                    

    3)      In order to correct a typographical error in the Plan, the
word "acquired" in the  seventh line of Paragraph 6(g) is deleted and replaced  
by the word "acquires."                                                         

     IN WITNESS WHEREOF, the Corporation has caused this amendment to be
executed by its duly authorized corporate officer.                              

               FIRST FINANCIAL
                      MANAGEMENT CORPORATION

                           By: /S/ Randolph L.M. Hutto
                               -----------------------
                           Randolph L.M. Hutto

Dates Referenced Herein

This ‘10-Q’ Filing		Date		Other Filings
Filed on:		8/12/94		None on these Dates
For Period End:		6/30/94
		3/22/94
		4/1/92
				List all Filings