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This excerpt taken from the XIDE DEF 14A filed Jul 27, 2006. Plan
Administration
The 2004 Plan is administered by the Compensation Committee of
the Board of Directors. The Board of Directors also has the
authority to administer the 2004 Plan and to take all actions
that the Committee is otherwise authorized to take under the
2004 Plan. The Committee has the authority to determine eligible
individuals to whom awards may be granted, the number of shares
or options awarded and the fair market value of the shares. The
Committee is also responsible for determining the terms and
conditions of awards and for approving the form of award
agreements. The Committee has the authority to interpret the
2004 Plan, to prescribe, amend and rescind rules and procedures
relating to the 2004 Plan and to make all other determinations
necessary or advisable for the administration of the 2004 Plan.
The Committee may delegate authority to administer the 2004 Plan
to reporting persons, officers or employees of our company or
its affiliates, subject to the applicable law and the
restrictions set forth in the 2004 Plan.
The Board of Directors retains the right to add additional
members or replace members of the Committee with or without
cause at any time.
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