This excerpt taken from the CPTS DEF 14A filed Apr 29, 2008.
Equity Incentive Awards for Fiscal 2007
The Company's 2001 Equity Incentive Plan and 2002 Non-Qualified Plan provide for the issuance to the Company's officers and employees of shares of restricted stock, restricted stock units, stock appreciation rights and stock options to purchase shares of the Common Stock. These awards typically vest over three to five years. These awards are granted to the Company's executive officers and other employees both as a reward for past individual and corporate performance and as an incentive for future long-term performance. Stock appreciation rights and stock options are granted with exercise prices equal to the closing market price of our common stock on the date of grant. The Compensation Committee believes that stock-based performance compensation arrangements are essential in aligning the interests of management and the stockholders in enhancing the long-term value of the Company's equity.