Document:

EX-10.3

 

Exhibit 10.3

THE 2003 GIBRALTAR INCENTIVE

STOCK OPTION PLAN

 

First Amendment

 

RECITALS:

     On October 21, 2003, Gibraltar Steel Corporation, a Delaware corporation with offices at 3556
Lake Shore Road, Buffalo, New York 14219 (now known as Gibraltar Industries, Inc. (the “Company”))
adopted an incentive stock option plan known as the “2003 Gibraltar Incentive Stock Option Plan” to
enable the Company to attract and retain highly qualified individuals as officers and key employees
of the Company by providing the Company a program under which it could grant equity based incentive
compensation to such officers and key employees.

     On April 1, 2005, the Company adopted the Gibraltar Industries, Inc. 2005 Equity Incentive
Plan (the “Equity Incentive Plan”), an equity based incentive compensation plan which provides the
Company the ability to grant a wide variety of equity based incentive compensation awards to
employees, non-employee directors, consultants and other service providers.

     Included in the equity based incentive compensation awards which the Company has the ability
to grant under the Equity Incentive Plan are incentive stock options. Accordingly, in its
authorization of the Equity Incentive Plan, the Company’s Board of Directors authorized the
termination of the 2003 Gibraltar Incentive Stock Option Plan, effective as of the date of the
adoption of the Equity Incentive Plan.

     NOW, THEREFORE, in order to carry into effect the termination of the 2003 Gibraltar Incentive
Stock Option Plan, the Company hereby adopts the following as the First Amendment of the 2003
Gibraltar Incentive Stock Option Plan:

     1. Termination of Plan. Effective as of April 1, 2005, the 2003 Gibraltar Incentive
Stock Option Plan shall be, and the same hereby is, terminated subject to the provisions of Section
2 below. As a consequence of the termination of the 2003 Gibraltar Incentive Stock Option Plan,
the Company shall no longer have any right or authority to grant or issue incentive stock option
awards under the terms of the 2003 Gibraltar Incentive Stock Option Plan.

     2. Reservation of Rights Under Prior Awards. Notwithstanding the termination of the
2003 Gibraltar Incentive Stock Option Plan provided for by Section 1 above, if and to the extent
that any incentive stock options have been granted or issued by the Company under the 2003
Gibraltar Incentive Stock Option Plan prior to April 1, 2005, the rights of the recipients of such
incentive stock option grants or awards shall continue in full force and effect from and after
April 1, 2005 in accordance with their terms.

     3. Release of Shares. As a consequence of the termination of the 2003 Gibraltar
Incentive Stock Option Plan, the reservation by the Company of shares of its common stock for

2

 

issuance under the terms of the 2003 Gibraltar Incentive Stock Option Plan is hereby
terminated and released with respect to all the shares of the Company’s common stock originally
reserved for issuance under the terms of the 2003 Gibraltar Incentive Stock Option Plan excepting
only and specifically, that number of shares of the Company’s common stock required to be issued in
connection with any incentive stock option awards granted or issued under the terms of the 2003
Gibraltar Incentive Stock Option Plan prior to April 1, 2005.

     IN WITNESS WHEREOF, Gibraltar Industries, Inc. has caused this First Amendment to the 2003
Gibraltar Incentive Stock Option Plan to be executed as of this 22nd day of May, 2006.

	 	 	 	 	 
	 	GIBRALTAR INDUSTRIES, INC.

 	 
	 	By:  	/s/ Henning Kornbrekke	 
	 	 	Name: Henning Kornbrekke	 
	 	 	Title: PresidentEX-10.4

 

Exhibit 10.4

GIBRALTAR STEEL CORPORATION

RESTRICTED STOCK PLAN

 

First Amendment to

Second Amendment and Restatement

 

RECITALS:

     On September 21, 1993, Gibraltar Steel Corporation, a Delaware corporation with offices at
3556 Lake Shore Road, Buffalo, New York 14219 (now known as Gibraltar Industries, Inc. (the
“Company”)) adopted a restricted stock plan known as the “Gibraltar Steel Corporation Restricted
Stock Plan” (hereinafter the “Plan”) to enable the Company to attract and retain highly qualified
individuals as officers and key employees of the Company by providing the Company a program under
which it could grant equity based incentive compensation to such officers and key employees.

     Effective as of August 11, 1997 the Plan was amended and restated, among other things, to
expand the class of individuals eligible to participate in the Plan. Effective as of April 11,
2003, the Plan was further amended and restated to increase the number of shares of the Company’s
common stock which were issuable under the terms of the Plan.

     On April 1, 2005, the Company adopted the Gibraltar Industries, Inc. 2005 Equity Incentive
Plan (the “Equity Incentive Plan”), an equity based incentive compensation plan which provides the
Company the ability to grant a wide variety of equity based incentive compensation awards to
employees, non-employee directors, consultants and other service providers.

     Included in the equity based incentive compensation awards which the Company has the ability
to grant under the Equity Incentive Plan are shares of restricted stock. Accordingly, in its
authorization of the Equity Incentive Plan, the Company’s Board of Directors authorized the
termination of the Plan, effective as of the date of the adoption of the Equity Incentive Plan.

     NOW, THEREFORE, in order to carry into effect the termination of the Gibraltar Steel
Corporation Restricted Stock Plan, as amended, the Company hereby adopts the following as the First
Amendment to the Second Amendment and Restatement of the Gibraltar Steel Corporation Restricted
Stock Plan:

     1. Termination of Plan. Effective as of April 1, 2005, the Gibraltar Steel
Corporation Restricted Stock Plan, as amended, shall be, and the same hereby is, terminated subject
to the provisions of Section 2 below. As a consequence of the termination of the Gibraltar Steel
Corporation Restricted Stock Plan, the Company shall no longer have any right or authority to grant
or issue awards of restricted stock under the terms of the Gibraltar Steel Corporation Restricted
Stock Plan, as amended.

 

 

     2. Reservation of Rights Under Prior Awards. Notwithstanding the termination of
Gibraltar Steel Corporation Restricted Stock Plan provided for by Section 1 above, if and to the
extent that the restrictions on the transferability of any shares of the Company’s common stock
issued in connection with any awards of restricted stock which have been granted or issued by the
Company under the Gibraltar Steel Corporation Restricted Stock Plan prior to April 1, 2005, have
not lapsed and expired prior to April 1, 2005, the rights of the recipients of such grants or
awards of restricted stock shall continue in full force and effect from and after April 1, 2005 in
accordance with their terms.

     3. Release of Shares. As a consequence of the termination of the Gibraltar Steel
Corporation Restricted Stock Plan, the reservation by the Company of shares of its common stock for
issuance under the terms of the Gibraltar Steel Corporation Restricted Stock Plan is hereby
terminated and released with respect to all the shares of the Company’s common stock originally
reserved for issuance under the terms of the Gibraltar Steel Corporation Restricted Stock Plan
which have not been issued as shares of restricted stock pursuant to the terms of the Gibraltar
Steel Corporation Restricted Stock Plan prior to April 1, 2005.

     IN WITNESS WHEREOF, Gibraltar Industries, Inc. has caused this First Amendment to the Second
Amendment and Restatement of the Gibraltar Steel Corporation Restricted Stock Plan to be executed
as of this 22nd day of May, 2006.

	 	 	 	 	 
	 	GIBRALTAR INDUSTRIES, INC.

 	 
	 	By:  	/s/
Henning Kornbrekke	 
	 	        Name: Henning Kornbrekke

        Title: President	 
	 	  
	 	 	 	 	 

2EX-10.5

 

Exhibit 10.5

GIBRALTAR STEEL CORPORATION NON-QUALIFIED

STOCK OPTION PLAN

 

First Amendment to

Second Amendment and Restatement

 

RECITALS:

     On September 21, 1993, Gibraltar Steel Corporation, a Delaware corporation with offices at
3556 Lake Shore Road, Buffalo, New York 14219 (now known as Gibraltar Industries, Inc. (the
“Company”)) adopted a non-qualified stock option plan known as the “Gibraltar Steel Corporation
Non-Qualified Stock Option Plan” (the “Non-Qualified Option Plan”) to enable the Company to attract
and retain highly qualified individuals as members of the Board of Directors of the Company by
providing the Company a program under which it could grant equity based incentive compensation to
such individuals.

     The Non-Qualified Option Plan was amended effective February 15, 1996 and amended and restated
effective February 11, 1997.

     On April 1, 2005, the Company adopted the Gibraltar Industries, Inc. 2005 Equity Incentive
Plan (the “Equity Incentive Plan”), an equity based incentive compensation plan which provides the
Company the ability to grant a wide variety of equity based incentive compensation awards to
employees, non-employee directors, consultants and other service providers.

     Included in the equity based incentive compensation awards which the Company has the ability
to grant under the Equity Incentive Plan are non-qualified stock options. Accordingly, the
Company’s Board of Directors has authorized the termination of the Non-Qualified Option Plan.

     NOW, THEREFORE, in order to carry into effect the termination of the Non-Qualified Option
Plan, the Company hereby adopts the following as the First Amendment to the Second Amendment and
Restatement of the Non-Qualified Option Plan:

     1. Termination of Plan. Effective as of May 19, 2006, the Gibraltar Steel Corporation
Non-Qualified Stock Option Plan, as amended and restated effective February 11, 1997 shall be, and
the same hereby is, terminated subject to the provisions of Section 2 below. As a consequence of
the termination of the Non-Qualified Option Plan, the Company shall no longer have any right or
authority to grant or issue non-qualified stock option awards under the terms of the Gibraltar
Steel Corporation Non-Qualified Stock Option Plan.

     2. Reservation of Rights Under Prior Awards. Notwithstanding the termination of the
Gibraltar Steel Corporation Non-Qualified Stock Option Plan provided for by Section 1 above, if and
to the extent that any non-qualified stock options have been granted or issued by the Company under
the Gibraltar Steel Corporation Non-Qualified Stock Option Plan prior to May

 

 

19, 2006, the rights of the recipients of such non-qualified stock option grants or awards
shall continue in full force and effect from and after May 19, 2006 in accordance with their terms.

     3. Release of Shares. As a consequence of the termination of the Gibraltar Steel
Corporation Non-Qualified Stock Option Plan, the reservation by the Company of shares of its common
stock for issuance under the terms of the Gibraltar Steel Corporation Non-Qualified Stock Option
Plan is hereby terminated and released with respect to all the shares of the Company’s common stock
originally reserved for issuance under the terms of the Gibraltar Steel Corporation Non-Qualified
Stock Option Plan excepting only and specifically, that number of shares of the Company’s common
stock required to be issued in connection with any non-qualified stock option awards granted or
issued under the terms of the Gibraltar Steel Corporation Non-Qualified Stock Option Plan prior to
May 19, 2006.

     IN WITNESS WHEREOF, Gibraltar Industries, Inc. has caused this First Amendment to the Second
Amendment and Restatement of the Gibraltar Steel Corporation Non-Qualified Stock Option Plan to be
executed as of this 22nd day of May, 2006.

	 	 	 	 	 
	 	GIBRALTAR INDUSTRIES, INC.

 	 
	 	By:  	/s/
Henning Kornbrekke	 
	 	        Name: Henning Kornbrekke

        Title: President	 
	 	  
	 	 	 	 	 

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00104-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00104-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00104-of-00352.parquet"}]]