Document:

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                                                                    Exhibit 10.1

                                 AMENDMENT NO. 1

                                     TO THE

                           1999 NEUBERGER BERMAN INC.

                         DIRECTORS STOCK INCENTIVE PLAN

         This Amendment No. 1 (the "Amendment") to the 1999 Neuberger Berman
Inc. Directors Stock Incentive Plan (the "Plan") is made effective as of this
18th day of July, 2000.

         Pursuant to resolutions of the Board of Directors (the "Board") of
Neuberger Berman Inc. (the "Company") dated July 18, 2000, the Plan is hereby
amended as follows:

         The definition of the term "Change in Control" in Section 2.1 of the
Plan is hereby amended to read as follows:

         "CHANGE IN CONTROL" means the occurrence of any of the following
events:

                           (a) the members of the Board at the beginning of any
                  consecutive twenty-four calendar month period (the "INCUMBENT
                  DIRECTORS") cease for any reason other than due to death to
                  constitute at least a majority of the members of the Board,
                  provided that any director whose election, or nomination for
                  election by the Company's stockholders, was approved by a vote
                  of at least a majority of the members of the Board then still
                  in office who were members of the Board at the beginning of
                  such twenty-four calendar month period other than as a result
                  of a proxy contest, or any agreement arising out of an actual
                  or threatened proxy contest, shall be treated as an Incumbent
                  Director; or

                           (b) any "person," including a "group" (as such terms
                  are used in Sections 13(d) and 14(d)(2) of the Act), but
                  excluding the Company, any Subsidiary or any employee benefit
                  plan of the Company or any Subsidiary becomes the "beneficial
                  owner" (as defined in Rule 13(d)-3 under the Act), directly or
                  indirectly, of securities of the Company representing 50% or
                  more of the combined voting power of the Company's then
                  outstanding securities; or

                           (c) the stockholders of the Company shall approve a
                  definitive agreement (i) for the merger or other business
                  combination of the Company with or into another corporation, a
                  majority of the directors of which were not directors of the
                  Company immediately prior to the merger and in which the
                  stockholders of the Company immediately prior to the effective
                  date of such merger own a percentage of the voting power in
                  such corporation that is less than one-half of the percentage
                  of the voting power they owned in the Company immediately
                  prior to such transaction or (ii) for the sale or other
                  disposition of all or substantially all of the

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                  assets of the Company to any other entity; PROVIDED, in each
                  case, that such transaction shall have been consummated; or

                           (d) the purchase of Common Stock pursuant to any
                  tender or exchange offer made by any "person," including a
                  "group" (as such terms are used in Sections 13(d) and 14(d)(2)
                  of the Act), other than the Company, any Subsidiary, or an
                  employee benefit plan of the Company or any Subsidiary, for
                  50% or more of the Common Stock of the Company.

         Notwithstanding the foregoing, a "Change in Control" shall not
         be deemed to occur in the event the Company files for
         bankruptcy, liquidation or reorganization under the United
         States Bankruptcy Code."

         Except as expressly provided herein, the terms and conditions of the
Plan shall remain unchanged.

                                             NEUBERGER BERMAN INC.

                                             By: /s/ Jeffrey B. Lane
                                                -----------------------------
                                                 Name: Jeffrey B. Lane
                                                 Title: President and Chief
                                                        Executive Officer

                                      -2-

<PAGE><PAGE>

                                                                    Exhibit 10.2

                                 AMENDMENT NO. 1

                                     TO THE

                           1999 NEUBERGER BERMAN INC.

                            LONG-TERM INCENTIVE PLAN

         This Amendment No. 1 (the "Amendment") to the 1999 Neuberger Berman
Inc. Long-Term Incentive Plan (the "Plan") is made effective as of this 18th day
of July, 2000.

         Pursuant to resolutions of the Board of Directors (the "Board") of
Neuberger Berman Inc. (the "Company") dated July 18, 2000, the Plan is hereby
amended as follows:

         The definition of the term "Change in Control" in Section 2.1 of the
Plan is hereby amended to read as follows:

         "CHANGE IN CONTROL" means the occurrence of any of the following
events:

                           (a) the members of the Board at the beginning of any
                  consecutive twenty-four calendar month period (the "INCUMBENT
                  DIRECTORS") cease for any reason other than due to death to
                  constitute at least a majority of the members of the Board,
                  provided that any director whose election, or nomination for
                  election by the Company's stockholders, was approved by a vote
                  of at least a majority of the members of the Board then still
                  in office who were members of the Board at the beginning of
                  such twenty-four calendar month period other than as a result
                  of a proxy contest, or any agreement arising out of an actual
                  or threatened proxy contest, shall be treated as an Incumbent
                  Director; or

                           (b) any "person," including a "group" (as such terms
                  are used in Sections 13(d) and 14(d)(2) of the Act), but
                  excluding the Company, any Subsidiary or any employee benefit
                  plan of the Company or any Subsidiary becomes the "beneficial
                  owner" (as defined in Rule 13(d)-3 under the Act), directly or
                  indirectly, of securities of the Company representing 50% or
                  more of the combined voting power of the Company's then
                  outstanding securities; or

                           (c) the stockholders of the Company shall approve a
                  definitive agreement (i) for the merger or other business
                  combination of the Company with or into another corporation, a
                  majority of the directors of which were not directors of the
                  Company immediately prior to the merger and in which the
                  stockholders of the Company immediately prior to the effective
                  date of such merger own a percentage of the voting power in
                  such corporation that is less than one-half of the percentage
                  of the voting power they owned in the Company immediately
                  prior to such transaction or (ii) for the sale or other
                  disposition of all or substantially all of the

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                  assets of the Company to any other entity; PROVIDED, in each
                  case, that such transaction shall have been consummated; or

                           (d) the purchase of Common Stock pursuant to any
                  tender or exchange offer made by any "person," including a
                  "group" (as such terms are used in Sections 13(d) and 14(d)(2)
                  of the Act), other than the Company, any Subsidiary, or an
                  employee benefit plan of the Company or any Subsidiary, for
                  50% or more of the Common Stock of the Company.

         Notwithstanding the foregoing, a "Change in Control" shall not be
         deemed to occur in the event the Company files for bankruptcy,
         liquidation or reorganization under the United States Bankruptcy Code."

         Except as expressly provided herein, the terms and conditions of the
Plan shall remain unchanged.

                                             NEUBERGER BERMAN INC.

                                             By:  /s/ Jeffrey B. Lane
                                                 -----------------------------
                                                 Name: Jeffrey B. Lane
                                                 Title: President and Chief
                                                        Executive Officer

                                      -2-<PAGE>

                                                                    Exhibit 10.3

                                 AMENDMENT NO. 1

                                     TO THE

                           1999 NEUBERGER BERMAN INC.

                              ANNUAL INCENTIVE PLAN

         This Amendment No. 1 (the "Amendment") to the 1999 Neuberger Berman
Inc. Annual Incentive Plan (the "Plan") is made effective as of this 18th day of
July, 2000.

         Pursuant to resolutions of the Board of Directors (the "Board") of
Neuberger Berman Inc. (the "Company") dated July 18, 2000, the Plan is hereby
amended as follows:

         The definition of the term "Change in Control" in Section 2.1 of the
Plan is hereby amended to read as follows:

         "CHANGE IN CONTROL" means the occurrence of any of the following
events:

                           (a) the members of the Board at the beginning of any
                  consecutive twenty-four calendar month period (the "INCUMBENT
                  DIRECTORS") cease for any reason other than due to death to
                  constitute at least a majority of the members of the Board,
                  provided that any director whose election, or nomination for
                  election by the Company's stockholders, was approved by a vote
                  of at least a majority of the members of the Board then still
                  in office who were members of the Board at the beginning of
                  such twenty-four calendar month period other than as a result
                  of a proxy contest, or any agreement arising out of an actual
                  or threatened proxy contest, shall be treated as an Incumbent
                  Director; or

                           (b) any "person," including a "group" (as such terms
                  are used in Sections 13(d) and 14(d)(2) of the Securities
                  Exchange Act of 1934, as amended (the "ACT"), but excluding
                  the Company, any Subsidiary or any employee benefit plan of
                  the Company or any Subsidiary becomes the "beneficial owner"
                  (as defined in Rule 13(d)-3 under the Act), directly or
                  indirectly, of securities of the Company representing 50% or
                  more of the combined voting power of the Company's then
                  outstanding securities; or

                           (c) the stockholders of the Company shall approve a
                  definitive agreement (i) for the merger or other business
                  combination of the Company with or into another corporation, a
                  majority of the directors of which were not directors of the
                  Company immediately prior to the merger and in which the
                  stockholders of the Company immediately prior to the effective
                  date of such merger own a percentage of the voting power in
                  such corporation that is less than one-half of the percentage
                  of the voting power they owned in the Company immediately
                  prior to such transaction or (ii) for the sale or other
                  disposition of all or substantially all of the

<PAGE>

                  assets of the Company to any other entity; PROVIDED, in each
                  that such transaction shall have been consummated; or

                           (d) the purchase of Common Stock pursuant to any
                  tender or exchange offer made by any "person," including a
                  "group" (as such terms are used in Sections 13(d) and 14(d)(2)
                  of the Act), other than the Company, any Subsidiary, or an
                  employee benefit plan of the Company or any Subsidiary, for
                  50% or more of the Common Stock of the Company.

         Notwithstanding the foregoing, a "Change in Control" shall not be
         deemed to occur in the event the Company files for bankruptcy,
         liquidation or reorganization under the United States Bankruptcy Code."

         Except as expressly provided herein, the terms and conditions of the
Plan shall remain unchanged.

                                            NEUBERGER BERMAN INC.

                                            By:  /s/ Jeffrey B. Lane
                                                -----------------------------
                                                Name: Jeffrey B. Lane
                                                Title: President and Chief
                                                       Executive Officer

                                      -2-

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