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This excerpt taken from the CVA 10-K filed Feb 26, 2008. Stock-Based
Award Plans
We adopted the Covanta Holding Corporation Equity Award Plan for
Employees and Officers (the “Employees Plan”) and the
Covanta Holding Corporation Equity Award Plan for Directors (the
“Directors Plan”) (collectively, the “Award
Plans”), effective with stockholder approval on
October 5, 2004. On July 25, 2005, our Board of
Directors approved and on September 19, 2005, our
stockholders approved the amendment to the Employees Plan to
authorize the issuance of an additional 2,000,000 shares.
The 1995 Stock and Incentive Plan (the “1995 Plan”)
was terminated with respect to any future awards under such plan
on October 5, 2004 upon stockholder approval of the Award
Plans. The 1995 Plan will remain in effect until all awards have
been satisfied or expired.
The purpose of the Award Plans is to promote our interests
(including our subsidiaries and affiliates) and our
stockholders’ interests by using equity interests to
attract, retain and motivate our management, non-employee
directors and other eligible persons and to encourage and reward
their contributions to our performance and profitability. The
Award Plans provide for awards to be made in the form of
(a) shares of restricted stock, (b) incentive stock
options, (c) non-qualified stock options, (d) stock
appreciation rights, (e) performance awards, or
(f) other stock-based awards which relate to or serve a
similar function to the awards described above. Awards may be
made on a stand alone, combination or tandem basis. The maximum
aggregate number of shares of common stock available for
issuance is 6,000,000 under the Employees Plan and 400,000 under
the Directors Plan.
Table of Contents
COVANTA
HOLDING CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) This excerpt taken from the CVA 10-K filed Feb 26, 2007. Stock-Based
Award Plans
We adopted the Covanta Holding Corporation Equity Award Plan for
Employees and Officers (the “Employees Plan”) and the
Covanta Holding Corporation Equity Award Plan for Directors (the
“Directors Plan”), (collectively the “Award
Plans”), effective with stockholder approval on
October 5, 2004. On July 25, 2005, our Board of
Directors approved and on September 19, 2005, our
stockholders approved the amendment to the Employees Plan to
authorize the issuance of an additional 2,000,000 shares.
The 1995 Stock and Incentive Plan (the “1995 Plan”)
was terminated with respect to any future awards under such plan
on October 5, 2004 upon stockholder approval of the Award
Plans. The 1995 Plan will remain in effect until all awards have
been satisfied or expired.
The purpose of the Award Plans is to promote our interests
(including our subsidiaries and affiliates) and our
stockholders’ interests by using equity interests to
attract, retain and motivate our management, non-employee
directors and other eligible persons and to encourage and reward
their contributions to our performance and profitability. The
Award Plans provide for awards to be made in the form of
(a) shares of restricted stock, (b) incentive stock
options, (c) non-qualified stock options, (d) stock
appreciation rights, (e) performance awards, or
(f) other stock-based awards which relate to or serve a
similar function to the awards described above. Awards may be
made on a stand alone, combination or tandem basis. The maximum
aggregate number of shares of common stock available for
issuance is 6,000,000 under the Employees Plan and 400,000 under
the Directors Plan.
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