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XIDE » Topics » LONG-TERM INCENTIVE PLANS - AWARDS IN LAST FISCAL YEAR(1)

This excerpt taken from the XIDE DEF 14A filed Jul 27, 2006.
LONG-TERM INCENTIVE PLANS — AWARDS IN LAST FISCAL YEAR(1)
 
                                         
    Number of
 		  Performance or
 		           
Name
  Shares/Units(2)   Other Period   Threshold   Target   Maximum(3)
 
Gordon A. Ulsh
    N/A       03/31/08     $ 480,000     $ 1,200,000     $ 2,000,000  
Mitchell S. Bregman
    N/A       03/31/08     $ 86,400     $ 216,000     $ 432,000  
Neil S. Bright
    N/A       03/31/08     $ 104,791     $ 261,977     $ 523,954  
Phillip A. Damaska
    N/A       03/31/08     $ 45,900     $ 114,750     $ 229,500  
E.J. O’Leary
    N/A       03/31/08     $ 99,100     $ 247,750     $ 495,500  
J. Timothy Gargaro
    N/A       03/31/08       —       —       —  
Stuart H. Kupinsky
    N/A       03/31/08     $ 105,000     $ 262,500     $ 525,000  
 
 
(1) 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.
 
(2) No units or shares were issued to eligible participants.
 
(3) Pursuant to the terms of the 2004 Plan, Mr. Ulsh’s 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 award.
 
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