INFA » Topics » 1999 Stock Incentive Plan

These excerpts taken from the INFA 10-K filed Feb 28, 2008.
1999 Stock Incentive Plan
 
The Company’s stockholders approved the 1999 Stock Incentive Plan (the “1999 Incentive Plan”) in April 1999 under which 2,600,000 shares have been reserved for issuance. In addition, any shares not issued under the 1996 Stock Plan are also available for grant. The number of shares reserved under the 1999 Incentive Plan automatically increases annually beginning on January 1, 2000 by the lesser of 16,000,000 shares or 5% of the total amount of fully diluted shares of common stock outstanding as of such date. Under the 1999 Incentive Plan, eligible employees, officers, and directors may purchase stock options, stock appreciation rights, restricted shares, and stock units. The exercise price for incentive stock options and non-qualified options may not be less than 100% and 85%, respectively, of the fair value of the Company’s common stock at the option grant date. Options granted are exercisable over a maximum term of 7 to 10 years from the date of the grant and generally vest ratably over a period of 4 years, with options for new employees generally including a 1-year cliff period. It is the current practice of the Board to limit option grants under this plan to 7-year terms and to issue only non-qualified stock options. As of December 31, 2007, the Company had approximately 13,440,000 authorized options available for grant and 16,184,000 options outstanding under the 1999 Incentive Plan.
 
1999
Stock Incentive Plan



 



The Company’s stockholders approved the 1999 Stock
Incentive Plan (the “1999 Incentive Plan”) in April
1999 under which 2,600,000 shares have been reserved for
issuance. In addition, any shares not issued under the 1996
Stock Plan are also available for grant. The number of shares
reserved under the 1999 Incentive Plan automatically increases
annually beginning on January 1, 2000 by the lesser of
16,000,000 shares or 5% of the total amount of fully
diluted shares of common stock outstanding as of such date.
Under the 1999 Incentive Plan, eligible employees, officers, and
directors may purchase stock options, stock appreciation rights,
restricted shares, and stock units. The exercise price for
incentive stock options and non-qualified options may not be
less than 100% and 85%, respectively, of the fair value of the
Company’s common stock at the option grant date. Options
granted are exercisable over a maximum term of 7 to
10 years from the date of the grant and generally vest
ratably over a period of 4 years, with options for new
employees generally including a
1-year cliff
period. It is the current practice of the Board to limit option
grants under this plan to
7-year terms
and to issue only non-qualified stock options. As of
December 31, 2007, the Company had approximately 13,440,000
authorized options available for grant and 16,184,000 options
outstanding under the 1999 Incentive Plan.


 




These excerpts taken from the INFA 10-K filed Jan 29, 2008.
1999 Stock Incentive Plan
 
The Company’s stockholders approved the 1999 Stock Incentive Plan (the “1999 Incentive Plan”) in April 1999 under which 2,600,000 shares have been reserved for issuance. In addition, any shares not issued under the 1996 Stock Plan are also available for grant. The number of shares reserved under the 1999 Incentive Plan automatically increases annually beginning on January 1, 2000 by the lesser of 16,000,000 shares or 5% of the total amount of fully diluted shares of common stock outstanding as of such date. Under the 1999 Incentive Plan, eligible employees, officers, and directors may purchase stock options, stock appreciation rights, restricted shares, and stock units. The exercise price for incentive stock options and non-qualified options may not be less than 100% and 85%, respectively, of the fair value of the Company’s common stock at the option grant date. Options granted are exercisable over a maximum term of 7 to 10 years from the date of the grant and generally vest ratably over a period of 4 years, with options for new employees generally including a 1-year cliff period. It is the current practice of the Board to limit option grants under this plan to 7-year terms and to issue only non-qualified stock options. As of December 31, 2006, the Company had approximately 11,517,000 authorized options available for grant and 15,664,000 options outstanding under the 1999 Incentive Plan.
 
1999
Stock Incentive Plan



 



The Company’s stockholders approved the 1999 Stock
Incentive Plan (the “1999 Incentive Plan”) in April
1999 under which 2,600,000 shares have been reserved for
issuance. In addition, any shares not issued under the 1996
Stock Plan are also available for grant. The number of shares
reserved under the 1999 Incentive Plan automatically increases
annually beginning on January 1, 2000 by the lesser of
16,000,000 shares or 5% of the total amount of fully
diluted shares of common stock outstanding as of such date.
Under the 1999 Incentive Plan, eligible employees, officers, and
directors may purchase stock options, stock appreciation rights,
restricted shares, and stock units. The exercise price for
incentive stock options and non-qualified options may not be
less than 100% and 85%, respectively, of the fair value of the
Company’s common stock at the option grant date. Options
granted are exercisable over a maximum term of 7 to
10 years from the date of the grant and generally vest
ratably over a period of 4 years, with options for new
employees generally including a
1-year cliff
period. It is the current practice of the Board to limit option
grants under this plan to
7-year terms
and to issue only non-qualified stock options. As of
December 31, 2006, the Company had approximately 11,517,000
authorized options available for grant and 15,664,000 options
outstanding under the 1999 Incentive Plan.


 




This excerpt taken from the INFA 10-K filed Feb 28, 2007.
1999 Stock Incentive Plan
 
The Company’s stockholders approved the 1999 Stock Incentive Plan (the “1999 Incentive Plan”) in April 1999 under which 2,600,000 shares have been reserved for issuance. In addition, any shares not issued under the 1996 Stock Plan are also available for grant. The number of shares reserved under the 1999 Incentive Plan automatically increases annually beginning on January 1, 2000 by the lesser of 16,000,000 shares or 5% of the total amount of fully diluted shares of common stock outstanding as of such date. Under the 1999 Incentive Plan, eligible employees, officers, and directors may purchase stock options, stock appreciation rights, restricted shares, and stock units. The exercise price for incentive stock options and non-qualified options may not be less than 100% and 85%, respectively, of the fair value of the Company’s common stock at the option grant date. Options granted are exercisable over a maximum term of 7 to 10 years from the date of the grant and generally vest ratably over a period of 4 years, with options for new employees generally including a 1-year cliff period. It is the current practice of the Board to limit option grants under this plan to 7-year terms and to issue only non-qualified stock options. As of December 31, 2006, the Company had approximately 11,517,000 authorized options available for grant and 15,664,000 options outstanding under the 1999 Incentive Plan.
 
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