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BKHM » Topics » Authority to Reprice Awards.

This excerpt taken from the BKHM DEF 14A filed Sep 4, 2009.
Authority to Reprice Awards.
 
Under the 1998 Plan, the compensation committee is empowered to reduce the exercise price of any stock option, stock repurchase right or restricted stock unit to the then current fair market value of our common stock if the fair market value of the common stock covered by such awards has declined since the date of


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grant. In addition, the compensation committee is authorized to institute an option exchange program under which stock options may be surrendered in exchange for options with a lower exercise price.
 
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