XIDE » Topics » Restricted Stock

This excerpt taken from the XIDE DEF 14A filed Jul 16, 2007.
  Restricted Stock
 
The Committee includes shares of restricted stock as a component of annual long-term equity awards. The Committee has traditionally determined that the issuance of restricted stock should represent a smaller percentage of the overall equity award than options. The Committee believes restricted stock is a useful tool for employee retention and established a five-year vesting schedule for such awards. The Committee has traditionally used a ten-day trailing average closing price of the Company’s common stock in establishing the number of shares of restricted stock awarded to participants.
 
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