CEDC » Topics » 1. PURPOSE

This excerpt taken from the CEDC 10-K filed Feb 29, 2008.



3.1 Purpose of the Facility

The Facility shall be used for:


  (1) firstly, the repayment of all outstanding indebtedness under the Refinanced Facilities;


  (2) secondly, for the general corporate purposes, including investment activity;


3.2 No unlawful purpose

No part of the Facility may be used for any purpose which would result in the provisions of unlawful financial assistance or for any other unlawful purpose.


3.3 Monitoring

No Finance Party is bound to monitor or verify the application of any amount borrowed pursuant to this Agreement.

This excerpt taken from the CEDC DEF 14A filed Mar 27, 2007.


The Plan is intended to enhance the Company’s ability to attract and retain highly qualified officers, key employees, outside directors, and other persons to advance the interests of the Company by providing such persons with stronger incentives to continue to serve the Company and its affiliates (as defined herein) and to expend maximum effort to improve the business results and earnings of the Company. The Plan is intended to accomplish this objective by providing to eligible persons an opportunity to acquire or increase a direct proprietary interest in the operations and future success of the Company. To this end, the Plan provides for the grant of stock options, stock appreciation rights, restricted stock and restricted stock units in accordance with the terms hereof. Stock options granted under the Plan may be non-qualified stock options or incentive stock options, as provided herein, except that stock options granted to outside directors shall in all cases be non-qualified stock options.

This excerpt taken from the CEDC DEF 14A filed Apr 1, 2005.



The primary purpose of the Compensation Committee is to assist the Board in discharging its responsibilities relating to compensation of the CEDC’s executive officers and supervision of CEDC’s stock option plans.


Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki