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This excerpt taken from the XIDE DEF 14A filed Jul 27, 2006. Eligibility
and Participation
Employees of our company and its affiliates, directors of our
company and its affiliates, consultants and non-employees to
whom an offer of employment has been extended are eligible to
receive grants under the 2004 Plan. However, only employees
(including officers who are employees) may receive grants of
incentive stock options. The Committee determines who will
receive awards, the number of shares of common stock subject to
each award, the price (if any) to be paid for the award and all
other terms of the award.
As described under “Governance of the Company —
Board Compensation,” each non-employee director of our
company is currently awarded stock options valued at $20,000 and
restricted shares valued at $20,000, on an annual basis.
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