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.