XIDE » Topics » LONG-TERM INCENTIVE PLANS - AWARDS IN LAST FISCAL YEAR(1)
This excerpt taken from the XIDE DEF 14A filed Jul 27, 2006.
INCENTIVE PLANS AWARDS IN LAST FISCAL
Gordon A. Ulsh
Mitchell S. Bregman
Neil S. Bright
Phillip A. Damaska
J. Timothy Gargaro
Stuart H. Kupinsky
Performance unit awards will be payable in cash based on targets
established by the Compensation Committee: 50% for achievement
of an Adjusted EBITDA target and 50% for achievement of a return
on net assets target. The performance period has been
established by the Compensation Committee as December 1,
2005 through March 31, 2008. Payment will only be made
after conclusion of the performance period and will paid as
follows: 40% of the performance unit award upon achievement of
85% of the targets, 100% of the performance unit award upon
achievement of 100% of the targets and up to 200% of the
performance unit award upon achievement of 130% of the targets.
No units or shares were issued to eligible participants.
Pursuant to the terms of the 2004 Plan, Mr. Ulshs
maximum Performance Award is capped at $2,000,000, which is less
than 200% of the target performance unit award.
Mr. Kupinsky resigned in March 2006 and has forfeited his
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