Exhibit 10.5
SKECHERS U.S.A., INC.
AMENDMENT NO. 1
TO
2008 EMPLOYEE STOCK PURCHASE PLAN
The following constitutes the amended provision of the 2008 Employee Stock Purchase Plan (the
Plan) of Skechers U.S.A., Inc. (the Company). Pursuant to approval of the Board of Directors
obtained at a meeting held on December 10, 2009, the following amendment to the Plan was approved:
1. Section 7 of the Plan shall be deleted in its entirety and replaced with the following:
Grant of Option. On the Enrollment Date of each Offering Period, each Eligible
Employee participating in such Offering Period shall be granted an option to purchase on each
Exercise Date during such Offering Period (at the applicable Purchase Price) up to a number of
shares of the Companys Common Stock determined by dividing such participants payroll deductions
accumulated prior to or on such Exercise Date and retained in the participants account as of the
Exercise Date by the applicable Purchase Price; provided, however, that in no event shall a
participant be permitted to purchase during each Offering Period more than 100,000 shares of Common
Stock (subject to any adjustment pursuant to Section 19 hereof) (the Per Period Limit)
and during each Purchase Period more than the Per Period Limit (for the avoidance of doubt, in the
event that the Offering Period and Purchase Period are approximately the same length, the
participant shall only be entitled to purchase an aggregate of the number of shares of Common Stock
equal to the Per Period Limit); and provided, further, that such purchase shall be subject to the
limitations set forth in Sections 3(c) and 13 hereof. The Administrator may, for future Offering
Periods, increase or decrease, in its absolute discretion, the maximum number of shares of the
Companys Common Stock a participant may purchase during each Purchase Period and Offering Period.
Exercise of the option shall occur as provided in Section 8 hereof, unless the participant has
withdrawn pursuant to Section 10 hereof or otherwise becomes ineligible to participate in the Plan.
The option shall expire on the last day of the Offering Period.
IN WITNESS WHEREOF, pursuant to the dual adoption and approval of this amendment to the Plan
by the Board of Directors on the day and year first above written, the Company has caused this
amendment to the Plan to be duly executed by its duly authorized officer.
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SKECHERS U.S.A., INC.,
a Delaware corporation |
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/s/ David Weinberg
Name: David Weinberg
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Title: Chief Operating Officer |
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