This excerpt taken from the CEDC 10-K filed Feb 29, 2008.
The Facility shall be used for:
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.
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 Companys 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 CEDCs executive officers and supervision of CEDCs stock option plans.