HXL » Topics » I. Purpose

This excerpt taken from the HXL DEF 14A filed Mar 23, 2009.

Purpose

        The new plan is designed to encourage the purchase by our employees of shares of our common stock at up to a 15% discount.

These excerpts taken from the HXL 8-K filed Jan 7, 2009.

I.  Purpose

 

The Hexcel Corporation 2003 Incentive Stock Plan as amended and restated on March 31, 2005 (the “Existing Plan”) was approved by the stockholders of the Company on May 19, 2005.

 

This amendment and restatement of the Hexcel Corporation 2003 Incentive Stock Plan (this “Plan”) was authorized by the Compensation Committee of the Board on August 28, 2007.  The purpose of this amendment and restatement is to bring the Plan into compliance with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). Pursuant to Q/A C-15 under Section 303A.08 of the New York Stock Exchange Listed Company Manual, this amendment and restatement is not subject to stockholder approval.

 

The Plan is intended to attract, retain and provide incentives to Employees, officers, Directors and consultants of the Corporation, and to thereby increase overall stockholders’ value.  The Plan generally provides for the granting of stock, stock options, stock appreciation rights, restricted shares, other stock-based awards or any combination of the foregoing to the eligible participants.

 

I.  Purpose

 

The purpose of this Hexcel Corporation Management Incentive Compensation Plan (the “Plan”) is to advance the interests of Hexcel Corporation (the “Company”) by providing an incentive for those key employees who have a direct, measurable opportunity to advance the Company’s goals and promote the growth and long-range interests of the Company. In addition, it is intended that the Plan create linkage between performance and compensation, align management’s interests with the interests of stockholders and encourage team management and corporate success. A further purpose of the Plan is to serve as a qualified performance-based compensation program under Section 162 (m) of the Internal Revenue Code in order to preserve the Company’s tax deduction for compensation paid under the Plan to “Covered Employees” (as defined in Section 162(m)).

 

These excerpts taken from the HXL 8-K filed May 24, 2005.

I.  Purpose

 

The Hexcel Corporation 2003 Incentive Stock Plan (the “Existing Plan”) was approved by the Board on December 12, 2002 and adopted on March 18, 2003 by the stockholders of the Corporation as an amendment and restatement of the Old Incentive Stock Plan and the Old Broad Based Plan (the Old Incentive Stock Plan together with the Old Broad Based Plan to be collectively referred to as the “Amended and Restated Plans”), and was amended and restated effective as of June 3, 2004.  The Existing Plan combined the Amended and Restated Plans into one plan and increased the number of shares available under the Amended and Restated Plans.  Upon the adoption by stockholders of the Existing Plan on the Original Effective Date, each Award (as defined in the Amended and Restated Plans) which was outstanding under either of the Amended and Restated Plans became an Award outstanding under the Existing Plan, and continued to be subject to the same terms and conditions to which such Award was subject prior to the adoption of the Existing Plan.

 

This amended and restated Hexcel Corporation 2003 Incentive Stock Plan (this “Plan”) was approved by the Compensation Committee of the Board on March 31, 2005 subject to stockholder approval.

 

The Plan is intended to attract, retain and provide incentives to Employees, officers, Directors and consultants of the Corporation, and to thereby increase overall stockholders’ value.  The Plan generally provides for the granting of stock, stock options, stock appreciation rights, restricted shares, other stock-based awards or any combination of the foregoing to the eligible participants.

 

I.  Purpose

 

The purpose of this Hexcel Corporation Management Incentive Compensation Plan (the “Plan”) is to advance the interests of Hexcel Corporation (the “Company”) by providing an incentive for those key employees who have a direct, measurable opportunity to advance the Company’s goals and promote the growth and long-range interests of the Company. In addition, it is intended that the Plan create linkage between performance and compensation, align management’s interests with the interests of stockholders and encourage team management and corporate success. A further purpose of the Plan is to serve as a qualified performance-based compensation program under Section 162 (m) of the Internal Revenue Code in order to preserve the Company’s tax deduction for compensation paid under the Plan to “Covered Employees” (as defined in Section 162(m)).

 

This excerpt taken from the HXL DEF 14A filed Apr 15, 2005.

Purpose

        The purpose of the plan is to attract and retain highly qualified executives and key employees and to advance our interests by providing a stock incentive award for employees who have a direct, measurable opportunity to advance our goals.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki