TFOC 1ST AMENDMENT TO UNIT OPTION PLAN
Published on March 11, 2004
Exhibit 10.1 A
FIRST AMENDMENT TO THE JULY 29, 1998 AMENDED AND
RESTATED UNIT OPTION PLAN FOR EMPLOYEES OF
TANGER PROPERTIES LIMITED PARTNERSHIP
THIS FIRST AMENDMENT TO THE JULY 28, 1998 AMENDED AND RESTATED UNIT
OPTION PLAN FOR EMPLOYEES OF TANGER PROPERTIES LIMITED PARTNERSHIP is adopted by
Tanger Properties Limited Partnership.
The July 28, 1998 Amended and Restated Unit Option Plan for Employees
of Tanger Properties Limited Partnership is hereby amended in the following
manner:
1. The text of Section 2.1 is amended and restated as follows:
"Section 2.1. Units Subject to Plan.
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The aggregate number of Units of Partnership
Interests which may be issued upon exercise of Options shall
not exceed 2,250,000; provided that such aggregate number
shall be reduced by one for each Common Share that is issued
pursuant to the exercise of Options under the Amended and
Restated Share Option Plan for Directors and Executive and Key
Employees of Tanger Factory Outlet Centers, Inc."
2. In all other respects, the July 28, 1998 Amended and Restated Unit
Option Plan for Employees of Tanger Properties Limited Partnership shall
continue in full force and effect.
I hereby certify that the foregoing First Amendment to the July 29,
1998 Amended and Restated Unit Option Plan for Employees of Tanger Properties
Limited Partnership was adopted by Tanger Properties Limited Partnership on
February 24, 2003.
/s/ Rochelle G. Simpson
Rochelle G. Simpson, Secretary
I hereby certify that the foregoing First Amendment to the July 29,
1998 Amended and Restated Partnership Unit Option Plan for Employees of Tanger
Properties Limited Partnership was duly adopted by the Shareholders of Tanger
Factory Outlet Centers, Inc. on May 9, 2003.
/s/ Rochelle G. Simpson
Rochelle G. Simpson, Secretary