|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the ADBE 10-Q filed Oct 2, 2007. Restricted Stock We grant restricted stock awards and units and performance awards to officers and key employees under our Amended 1994 Performance and Restricted Stock Plan (the “Restricted Stock Plan”). Restricted stock issued under the Restricted Stock Plan generally vests annually over four years. 10 ADOBE SYSTEMS INCORPORATED NOTE 6. EMPLOYEE BENEFIT PLANS (Continued) Restricted stock awards are considered outstanding at the time of grant, as the stock award holders are entitled to dividends and voting rights. At the end of the third quarter of fiscal 2007, the number of shares granted but still unvested was less than 0.1 million. Restricted stock units are not considered outstanding at the time of grant, as the holders of these units are not entitled to dividends and voting rights. At the end of the third quarter of fiscal 2007, the number of shares granted, but unreleased was 1.4 million. Neither unvested restricted stock awards nor restricted stock units are considered outstanding in the computation of basic earnings per share. This excerpt taken from the ADBE 10-Q filed Jul 10, 2007. Restricted Stock We grant restricted stock awards and units and/or performance awards to officers and key employees under our Amended 1994 Performance and Restricted Stock Plan (the “Restricted Stock Plan”). Restricted stock issued under the Restricted Stock Plan generally vest annually over four years. 10 ADOBE SYSTEMS INCORPORATED NOTE 6. EMPLOYEE BENEFIT PLANS (Continued) Restricted stock awards are considered outstanding at the time of grant, as the stock award holders are entitled to dividends and voting rights. At the end of the second quarter of fiscal 2007, the number of shares granted but still unvested was less than 0.1 million. Restricted stock units are not considered outstanding at the time of grant, as the holders of these units are not entitled to dividends and voting rights. At the end of the second quarter of fiscal 2007, the number of shares granted, but unreleased was 1.3 million. Neither restricted stock awards nor restricted stock units are considered outstanding in the computation of basic earnings per share. This excerpt taken from the ADBE 10-Q filed Apr 9, 2007. Restricted Stock We grant restricted stock awards and units to employees under our Amended 1994 Performance and Restricted Stock Plan (“Restricted Stock Plan”). The Restricted Stock Plan provides for the granting of restricted stock and/or performance awards to officers and key employees. Restricted stock issued under the Restricted Stock Plan generally vest annually over four years. Restricted stock awards are considered outstanding at the time of grant, as the stockholders are entitled to dividends and voting rights. At the end of the first quarter of fiscal 2007, the number of shares granted but unreleased was less than 0.1 million. Restricted stock units are not considered outstanding at the time of grant, as the holders of these units are not entitled to dividends and voting rights. At the end of the first quarter of fiscal 2007, the number of shares granted, but unreleased was 1.3 million. Neither restricted stock awards nor restricted stock units are considered outstanding in the computation of basic earnings per share. This excerpt taken from the ADBE 10-Q filed Oct 11, 2006. Restricted Stock We grant restricted shares and performance awards to employees under our Amended 1994 Performance and Restricted Stock Plan (“Restricted Stock Plan”). The Restricted Stock Plan provides for the granting of restricted stock and/or performance awards to officers and key employees. Restricted stock issued under the Restricted Stock Plan generally vest annually over two to three years but are considered outstanding at the time of grant, as the stockholders are entitled to dividends and voting rights. This excerpt taken from the ADBE 10-Q filed Jul 11, 2006. Restricted Stock We grant restricted shares to employees under our Amended 1994 Performance and Restricted Stock Plan (“Restricted Stock Plan”). The Restricted Stock Plan provides for the granting of restricted stock and/or performance awards to officers and key employees. Restricted stock issued under the Restricted Stock Plan generally vest annually over two to three years but are considered outstanding at the time of grant, as the stockholders are entitled to dividends and voting rights. This excerpt taken from the ADBE 10-Q filed Apr 12, 2006. Restricted Stock We grant restricted shares to employees under our Amended 1994 Performance and Restricted Stock Plan (“Restricted Stock Plan”). The Restricted Stock Plan provides for the granting of restricted stock and/or performance awards to officers and key employees. Restricted stock issued under the Restricted Stock Plan generally vest annually over two to three years but are considered outstanding at the time of grant, as the stockholders are entitled to dividends and voting rights. This excerpt taken from the ADBE DEF 14A filed Feb 24, 2006. “Restricted Stock”).
Restricted Stock awards shall be evidenced by written agreements, in such form
as the Committee shall from time to time establish, specifying the number of
shares of Stock covered thereby and the terms, conditions and restrictions of
the award, and which agreements may incorporate all or any of the terms of the
Plan by reference. The number of shares of Restricted Stock which a Participant
may receive under the Plan shall be determined by the Committee in its sole
discretion. Shares of Restricted Stock shall be evidenced in such manner as the
Committee may deem appropriate, including by book-entry registration or
issuance of one or more stock certificates. Any certificate issued in respect
of shares of Restricted Stock shall be registered in the name of the
Participant and shall bear an appropriate legend referring to the terms,
conditions, and restrictions applicable to such award. The Committee may
require that such certificates be held in the custody of the Company or other
escrow agent until the restrictions thereon lapse. The Committee shall not
require a Participant to make any monetary payment (other than applicable tax
withholding) as a condition of receiving Restricted Stock.
9. Voting Rights. A Participant issued shares of Stock pursuant to an award of Performance-Based Restricted Stock or Restricted Stock shall be entitled to vote such shares. A Participant awarded Performance Shares shall not be entitled to vote any shares of Stock represented by such Performance Shares until the date of issuance of shares of Stock upon settlement of such award. 10. Dividends and Other Distributions. Except as provided in this Section 10 or in Section 5, no Participant shall be entitled to dividends or other distributions (collectively, This excerpt taken from the ADBE 10-Q filed Oct 5, 2005. “Restricted
Stock”). Restricted Stock
awards shall be evidenced by written agreements, in such form as the Committee
shall from time to time establish, specifying
the number of shares of Stock covered thereby and the terms, conditions and restrictions of the award, and which agreements may incorporate all or any of the terms of the Plan by reference. The number of shares of Restricted Stock which a Participant may receive under the Plan shall be determined by the Committee in its sole discretion. Shares of Restricted Stock shall be evidenced in such manner as the Committee may deem appropriate, including by book-entry registration or issuance of one or more stock certificates. Any certificate issued in respect of shares of Restricted Stock shall be registered in the name of the Participant and shall bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such award. The Committee may require that such certificates be held in the custody of the Company or other escrow agent until the restrictions thereon lapse. The Committee shall not require a Participant to make any monetary payment (other than applicable tax withholding) as a condition of receiving Restricted Stock.
9. Voting Rights. A Participant issued shares of Stock pursuant to an award of Performance-Based Restricted Stock or Restricted Stock shall be entitled to vote such shares. A Participant awarded Performance Shares shall not be entitled to vote any shares of Stock represented by such Performance Shares until the date of issuance of shares of Stock upon settlement of such award.
10. Dividends and Other Distributions. Except as provided in this Section 10 or in Section 5, no Participant shall be entitled to dividends or other distributions (collectively, | EXCERPTS ON THIS PAGE:
RELATED TOPICS for ADBE: |
| |||||||
