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This excerpt taken from the AN DEF 14A filed Mar 27, 2008. Restricted
Stock Units
A grantee will not have taxable income upon grant of restricted
stock units. Instead, the grantee will recognize ordinary income
equal to (i) the amount of cash paid
and/or
(ii) the fair market value of the shares of common stock or
other property on their respective payment dates when such cash,
shares of common stock,
and/or other
property are delivered or paid to the grantee in accordance with
the terms of the restricted stock unit award. The grantee will
also recognize ordinary income to the extent he or she receives
current payments of dividend equivalents in respect of his or
her restricted stock unit award. In general, the Company will
receive an income tax deduction at the same time and in the same
amount as the grantee recognizes ordinary income.
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