CALP » Topics » GENERAL

This excerpt taken from the CALP DEF 14A filed Apr 28, 2009.

GENERAL

    The 2009 Equity Incentive Plan provides for the grant of incentive stock options, nonqualified stock options, restricted stock, restricted stock units, and other types of stock based awards to officers, employees, non-employee directors and consultants. However, the 2009 Equity Incentive Plan contains a limit of 2.5 million shares that may be issued under the Plan as full value awards.

    The 2009 Equity Incentive Plan has a ten-year term through June 2, 2019.

    Stock options granted under the 2009 Equity Incentive Plan have a maximum term of ten years.

    The maximum number of shares with respect to one or more awards that may be granted to any one participant during any calendar year is 1.5 million.
This excerpt taken from the CALP DEF 14A filed Apr 25, 2007.

General

The Directors’ Plan presently provides for the automatic grant of nonstatutory stock options to our non-employee directors. Options granted under the Directors’ Plan are not intended to qualify as incentive stock options within the meaning of Section 422 of the Internal Revenue Code, as amended. If Proposal 3 is approved, our non-employee directors will also receive grants of RSUs under which non-employee directors will receive delivery of a designated number of shares of our common stock on the specified vesting date for such award, and which will be made by the Company as part of the non-discretionary annual grant under the Directors’ Plan. See “Federal Income Tax Information” below for a discussion of the tax treatment of nonstatutory stock options and RSUs.

This excerpt taken from the CALP 8-K filed Mar 2, 2007.
(a)           General.  All officers shall hold office at the pleasure of the Board of Directors and until their successors shall have been duly elected and qualified, unless sooner removed.  Any officer elected or appointed by the Board of Directors may be removed at any time by the Board of Directors.  If the office of any officer becomes vacant for any reason, the vacancy may be filled by the Board of Directors.

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