This excerpt taken from the ABII 8-K filed Nov 8, 2007.
11. Stock Compensation
New Abraxis intends to adopt, subject to the approval of its sole stockholder, the 2007 Stock Incentive Plan. The 2007 Stock Incentive Plan will provide for the grant of (a) incentive stock options to its employees, including officers and employee directors, (b) non-qualified stock options to its employees, directors and consultants, and (c) other types of awards. The 2007 Stock Incentive Plan will be administered by New Abraxis board of directors or a committee designated by the board of directors.
In connection with the separation and distribution, New Abraxis intends to assume the American BioScience Restricted Stock Unit Plan I and American BioScience Restricted Stock Unit Plan II. New Abraxis also intends to assume the restricted units previously granted under these plans.
For the periods presented in the financial statements, New Abraxis employees hold stock compensation awards in the following plans sponsored by Abraxis BioScience: