ESLT » Topics » Administration

This excerpt taken from the ESLT 6-K filed Dec 7, 2006.


The Plan will be administered by the Board of Directors or a committee of the Board of Directors (the “Administrator”) consisting of at least two (2) members of the Board, which Administrator will meet the requirements of Elbit Systems’ Articles of Association and applicable legal requirements. The Board of Directors has appointed the Compensation Committee of the Board to serve as the Administrator of the Plan.

Among other things, the Administrator is empowered to determine within the framework of the Plan:


    the Eligible Employees to receive Options and the number of Options to be granted for each Eligible Employee’s benefit (subject to the approval of the Board of Directors if such approval is required by Law);


    the time(s) at which Options will be granted; and


    any measures and actions as may be deemed necessary or advisable for the administration, interpretation and implementation of the Plan.
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