Document:

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                                                                   Exhibit 10.17

                                 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
<PAGE>

            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:
                                          -------------------------------------
                                          Name:
                                          Title:

                                      -2-<PAGE>

                                                                  Exhibit 10.18

                                 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

<PAGE>

            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:
                                           -----------------------------------
                                           Name:
                                           Title:<PAGE>

                                                                Exhibit 10.19

                                 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

<PAGE>

            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:
                                           -----------------------------------
                                           Name:
                                           Title:

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