CHTT » Topics » Grants of Plan-Based Awards in Fiscal 2008 Table and Narrative Disclosure

This excerpt taken from the CHTT DEF 14A filed Feb 27, 2009.

Grants of Plan-Based Awards in Fiscal 2008 Table and Narrative Disclosure


During fiscal 2008, the named executive officers received two types of plan-based awards:


Annual Cash Incentive Plan—Our annual cash incentive plan is an incentive plan based on achieving pre-established corporate and individual performance goals. Awards under the plan are paid in cash. Amounts actually earned under the annual incentive plan for fiscal 2008 were paid in January 2009 based on earnings per share performance achievement that was slightly in excess of the Level 3 goal during fiscal 2008. The payout was made based on the achievement of an interpolated level calculated as Level 3.10. The amounts earned by each named executive officer are reported under the “Non-Equity Incentive Plan Compensation” column for fiscal 2008 in the Fiscal 2008 Summary Compensation Table above. For additional information relating to annual incentive awards under the plan, including performance goals, measures and weighting, see the “Compensation Discussion and Analysis” section above.


Options—Non-qualified options were granted on April 30, 2008 under the 2005 Stock Plan. The options vest in full on the fourth anniversary of the grant date (at a vesting rate of 25% per year), remain exercisable for six years from the date of grant, and have an exercise price equal to the closing market price of our common stock on the last business day prior to the date of the grant.



Table of Contents
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