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This excerpt taken from the XIDE DEF 14A filed Jul 24, 2009. Transferability
Except as otherwise determined by the Board, no option right,
SAR, award of restricted stock, RSU, performance shares,
performance units, cash award or other derivative security
granted under the 2009 Plan is transferable by a participant
except, upon death, by will or the laws of descent and
distribution, and in no event shall any award under the 2009
Plan be transferred for value. Except as otherwise determined by
the Board, option rights and SARs are exercisable during the
optionee’s lifetime only by him or her or by his or her
guardian or legal representative.
The Board may specify at the date of grant that part or all of
the shares of Common Stock that are (1) to be issued or
transferred by the Company upon exercise of option rights or
SARs, upon termination of the restriction period applicable to
RSUs or upon payment under any grant of performance shares or
performance units or (2) no longer subject to the
substantial risk of forfeiture and restrictions on transfer
referred to in the 2009 Plan with respect to restricted stock,
will be subject to further restrictions on transfer.
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