CEDC » Topics » 1. PURPOSE

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

PURPOSE

 

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.

1. PURPOSE

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.

Purpose

 

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.

 

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