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This excerpt taken from the XIDE DEF 14A filed Jul 16, 2007. Restricted
Stock Units
In December 2006, the Company’s Board approved amendments
to the 2004 Plan, permitting it to award restricted stock units
(RSUs). The RSUs allow participants to defer the recognition of
ordinary income associated with long-term equity incentive
awards until all RSUs have fully vested. For fiscal 2008, the
Committee awarded RSUs to plan participants. The awards vest
ratably over a five-year period, but shares of
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common stock will not be delivered to the employees until the
end of the full vesting period. If the recipient’s
employment with the Company terminates prior to the end of the
five-year period, the employee will receive stock certificates
for any vested RSUs.
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