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ALL » Topics » Article IX. Stock and Other Awards

This excerpt taken from the ALL 8-K filed Sep 19, 2008.

ARTICLE IX.  STOCK AND OTHER AWARDS

 

Section 9.1.            Stock Awards.  The Board, upon recommendation of the Committee, shall have the right to issue Stock free of any forfeiture or transferability restrictions.

 

Section 9.2.            Other Awards.  The Board, upon recommendation of the Committee, shall have the right to grant other Awards and determine the manner and timing of payment under or settlement of any such Awards.

 

(a)           Dividends, Dividend Equivalents and Other Distributions.  The Committee shall recommend to the full Board whether and to what extent any Participant shall be entitled to cash dividends, Dividend Equivalents and/or other distributions paid with respect to such other Awards, provided that any such right shall be evidenced by an Award Agreement containing terms and conditions that are consistent with the provisions of Section 409A and applicable guidance promulgated thereunder.

 

This excerpt taken from the ALL 10-K filed Feb 22, 2007.

ARTICLE IX. STOCK AND OTHER AWARDS

        Section 9.1.    Stock Awards.    The Board, upon recommendation of the Committee, shall have the right to issue Stock free of any forfeiture or transferability restrictions.

        Section 9.2.    Other Awards.    The Board, upon recommendation of the Committee, shall have the right to grant other Awards and determine the manner and timing of payment under or settlement of any such Awards.

            (a)    Dividends, Dividend Equivalents and Other Distributions.    The Committee shall recommend to the full Board whether and to what extent any Participant shall be entitled to cash dividends, Dividend Equivalents and/or other distributions paid with respect to such other Awards, provided that any such right shall be evidenced by an Award Agreement containing terms and conditions that are consistent with the provisions of Section 409A and applicable guidance promulgated thereunder.

This excerpt taken from the ALL DEF 14A filed Mar 27, 2006.

Article IX. Stock and Other Awards

        Section 9.1.    Stock Awards.    The Board, upon recommendation of the Committee, shall have the right to issue Stock free of any forfeiture or transferability restrictions.

        Section 9.2.    Other Awards.    The Board, upon recommendation of the Committee, shall have the right to grant other Awards and determine the manner and timing of payment under or settlement of any such Awards.

            (a)    Dividends, Dividend Equivalents and Other Distributions.    The Committee shall recommend to the full Board whether and to what extent any Participant shall be entitled to cash dividends, Dividend Equivalents and/or other distributions paid with respect to such other Awards, provided that any such right shall be evidenced by an Award Agreement containing terms and conditions that are consistent with the provisions of Section 409A and applicable guidance promulgated thereunder.

EXCERPTS ON THIS PAGE:

8-K
Sep 19, 2008
10-K
Feb 22, 2007
DEF 14A
Mar 27, 2006

RELATED TOPICS for ALL:

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