Attached files
Exhibit 10.3
APOLLO GROUP, INC.
AMENDED AND RESTATED
LONG TERM INCENTIVE PLAN
LONG TERM INCENTIVE PLAN
PLAN AMENDMENT
The Apollo Group, Inc. Long Term Incentive Plan, as amended and restated (the Plan), is
hereby further amended, effective June 25, 2009, as follows:
1. New Section 5.4 is hereby added to Article 5 of the Plan to read as follows:
5.4 TRANSFER OF SHARE RESERVE. Notwithstanding any other provision to the contrary in
this Article 5, no further Awards shall be made under the Plan after June 24, 2009, and the
remaining unallocated share reserve of 975,481 Shares (as adjusted pursuant to the provisions of
Section 15 to reflect all splits of the Class A common stock effected through such date) shall be
transferred to the Companys Amended and Restated 2000 Stock Incentive Plan (the 2SIP), effective
June 25, 2009, and shall accordingly increase the number of shares of the Companys Class A common
stock that may be issued under the 2SIP from and after that date. Such transfer shall, however, be
subject to the approval of the holders of the Companys outstanding voting stock, and none of the
Shares available for transfer to the 2SIP in accordance with this Section 5.4 shall in fact be so
transferred until such stockholder approval is obtained.
2. Except as modified by this Plan Amendment, all the terms and provisions of the Plan shall
continue in full force and effect.
IN WITNESS WHEREOF, APOLLO GROUP, INC. has caused this Plan Amendment to be executed on its
behalf by its duly-authorized officers on this 25 day of June 2009.
APOLLO GROUP, INC. |
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By: | /s/ Joseph L. DAmico | |||
TITLE: President & Chief Operating Officer | ||||