Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - FlexShopper, Inc. | Financial_Report.xls |
| EX-31.1 - EXHIBIT 31.1 - FlexShopper, Inc. | ex311.htm |
| EX-31.2 - EXHIBIT 31.2 - FlexShopper, Inc. | ex312.htm |
| EX-99.4 - EXHIBIT 99.4 - FlexShopper, Inc. | ex994.htm |
| EX-32.1 - EXHIBIT 32.1 - FlexShopper, Inc. | ex321.htm |
| EX-32.2 - EXHIBIT 32.2 - FlexShopper, Inc. | ex322.htm |
| 10-K - ANCHOR FUNDING SERVICES, INC. FORM 10-K - FlexShopper, Inc. | form10k.htm |
Exhibit 99.3
ANCHOR FUNDING SERVICES, INC.
AMENDMENT TO 2007 OMNIBUS EQUITY COMPENSATION PLAN
On September 8, 2009, the Corporation’s Board of Directors approved and on October 19, 2009, the stockholders of the Company ratified an amendment to the Corporation’s Omnibus Equity Compensation Plan to increase the number of shares underlying the Plan to 4,200,000 shares. In accordance with such approval, Section 4 of the Plan is amended to read as follows:
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Section 4.
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Shares Subject to the Plan
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(a) Shares Authorized. Subject to adjustment as described in subsection (d) below, the aggregate number of shares of Company Stock that may be issued or transferred under the Plan is 4,200,000 shares.
(b) Source of Shares; Share Counting. Shares issued or transferred under the Plan may be authorized but unissued shares of Company Stock or reacquired shares of Company Stock, including shares purchased by the Company on the open market for purposes of the Plan. If and to the extent Options or SARs granted under the Plan terminate, expire, or are canceled, forfeited, exchanged or surrendered without having been exercised, and if and to the extent any Stock Awards, Stock Units or Other Stock-Based Awards are forfeited, terminated or otherwise not paid in full, the shares subject to such Grants shall again be available for purposes of the Plan. Shares of Stock surrendered in payment of the Exercise Price of an Option shall again be available for issuance under the Plan. To the extent any Grants are paid in cash, and not in shares of Company Stock, any shares previously subject to such Grants shall again be available for issuance or transfer under the Plan.
(c) Individual Limits. All Grants under the Plan shall be expressed in shares of Company Stock. The maximum aggregate number of shares of Company Stock that may be subject to Grants made under the Plan to any individual during any calendar year shall be 1,000,000 shares, subject to adjustment as described in subsection (d) below. A Participant may not accrue Dividend Equivalents during any calendar year in excess of $500,000. The individual limits of this subsection (c) shall apply without regard to whether the Grants are to be paid in Company Stock or cash. All cash payments (other than with respect to Dividend Equivalents) shall equal the Fair Market Value of the shares of Stock to which the cash payments relate.
(d) Adjustments. If there is any change in the number or kind of shares of Company Stock outstanding (i) by reason of a stock dividend, spinoff, recapitalization, stock split, or combination or exchange of shares, (ii) by reason of a merger, reorganization or consolidation, (iii) by reason of a reclassification or change in par value, or (iv) by reason of any other extraordinary or unusual event affecting the outstanding Company Stock as a class without the Company’s receipt of consideration, or if the value of outstanding shares of Company Stock is substantially reduced as a result of a spinoff or the Company’s payment of an extraordinary dividend or distribution, the maximum number of shares of Company Stock available for issuance under the Plan, the maximum number of shares of Company Stock for which any individual may receive Grants in any year, the number of shares covered by outstanding Grants, the kind of shares issued under the Plan, and the price per share or the applicable market value of such Grants maybe appropriately adjusted by the Committee to reflect any increase or decrease in the number of, or change in the kind or value of, issued shares of Company Stock to preclude, to the extent practicable, the enlargement or dilution of rights and benefits under such Grants; provided, however, that any fractional shares resulting from such adjustment shall be eliminated. Any adjustments determined by the Committee shall be final, binding and conclusive.