Local.com (LOCM)

 

Awards under the our stock option plans are designed to encourage long-term investment in our company, more closely align executive and stockholder interests and reward executives for enhancing stockholder value. The Committee believes stock ownership by management has been demonstrated to be beneficial to stockholders.

 

Under our stock option plans, the Committee may grant stock options to executives. The Committee generally grants incentive stock options within the meaning of the Internal Revenue Code. Under the terms and conditions of the plan, the Committee may, however, grant nonqualified options with an exercise price above or at the market price on the date of grant. Generally, thirty-three percent of the options granted are available for exercise at the end of one year, while the remainder of the grant is exercisable ratably each quarter over the next eight quarters. The grants are generally for a term of ten years from the date of grant. The Committee typically grants the annual stock option for executives at their meeting in December. The exercise price of the stock options granted is set at the closing price of our common stock on the date of grant. In December 2007, the Committee issued the equivalent of three years worth of stock options to the executives. The purpose of this multiple year grant was to provide additional retention incentive for executives and additional incentive for executives to execute the Company’s strategic plan over the next five years. The Committee does not expect to issue additional option grants to executives in the next two years.

 

Stock options grants for our executives are targeted at an average of the median of stock options grants to executives of (1) comparably-sized public high-tech companies located in California; 2) comparable search industry companies; and 3) comparably-sized companies in compensation surveys.

 

 

Awards under the our stock option plans are designed to encourage long-term investment in our company, more closely align executive and stockholder interests and reward executives for enhancing stockholder value. The Committee believes stock ownership by management has been demonstrated to be beneficial to stockholders.

 

Under our stock option plans, the Committee may grant stock options to executives. The Committee generally grants incentive stock options within the meaning of the Internal Revenue Code. Under the terms and conditions of the plan, the Committee may, however, grant nonqualified options with an exercise price above or at the market price on the date of grant. Generally, thirty-three percent of the options granted are available for exercise at the end of one year, while the remainder of the grant is exercisable ratably each quarter over the next eight quarters. The grants are generally for a term of ten years from the date of grant. The Committee typically grants the annual stock option for executives at their meeting in December. The exercise price of the stock options granted is set at the closing price of our common stock on the date of grant. In December 2007, the Committee issued the equivalent of three years worth of stock options to the executives. The purpose of this multiple year grant was to provide additional retention incentive for executives and additional incentive for executives to execute the Company’s strategic plan over the next five years. The Committee does not expect to issue additional option grants to executives in the next two years.

 

Stock options grants for our executives are targeted at an average of the median of stock options grants to executives of (1) comparably-sized public high-tech companies located in California; 2) comparable search industry companies; and 3) comparably-sized companies in compensation surveys.

 

 

Awards under the our stock option plans are designed to
encourage long-term investment in our company, more closely
align executive and stockholder interests and reward executives
for enhancing stockholder value. The Committee believes stock
ownership by management has been demonstrated to be beneficial
to stockholders.

 

Under our stock option plans, the Committee may grant stock
options to executives. The Committee generally grants incentive
stock options within the meaning of the Internal Revenue Code.
Under the terms and conditions of the plan, the Committee may,
however, grant nonqualified options with an exercise price above
or at the market price on the date of grant. Generally,
thirty-three percent of the options granted are available for
exercise at the end of one year, while the remainder of the
grant is exercisable ratably each quarter over the next eight
quarters. The grants are generally for a term of ten years from
the date of grant. The Committee typically grants the annual
stock option for executives at their meeting in December. The
exercise price of the stock options granted is set at the
closing price of our common stock on the date of grant. In
December 2007, the Committee issued the equivalent of three
years worth of stock options to the executives. The purpose of
this multiple year grant was to provide additional retention
incentive for executives and additional incentive for executives
to execute the Company’s strategic plan over the next five
years. The Committee does not expect to issue additional option
grants to executives in the next two years.

 

Stock options grants for our executives are targeted at an
average of the median of stock options grants to executives of
(1) comparably-sized public high-tech companies located in
California; 2) comparable search industry companies; and
3) comparably-sized companies in compensation surveys.

 

 

Awards under the our stock option plans are designed to encourage long-term investment in our company, more closely align executive and stockholder interests and reward executives for enhancing stockholder value. The Committee believes stock ownership by management has been demonstrated to be beneficial to stockholders.

 

Under our stock option plans, the Committee may grant stock options to executives. The Committee generally grants incentive stock options within the meaning of the Internal Revenue Code. Under the terms and conditions of the plan, the Committee may, however, grant nonqualified options with an exercise price above or at the market price on the date of grant. Generally, thirty-three percent of the options granted are available for exercise at the end of one year, while the remainder of the grant is exercisable ratably each quarter over the next eight quarters. The grants are generally for a term of ten years from the date of grant.

 

Stock options grants for our executives are targeted to be slightly above the median of stock options grants to executives of comparably-sized public high-tech companies located in California.

 

 

Awards under the our stock option plans are designed to encourage long-term investment in our company, more closely align executive and stockholder interests and reward executives for enhancing stockholder value. The Committee believes stock ownership by management has been demonstrated to be beneficial to stockholders.

 

Under our stock option plans, the Committee may grant stock options to executives. The Committee generally grants incentive stock options within the meaning of the Internal Revenue Code. Under the terms and conditions of the plan, the Committee may, however, grant nonqualified options with an exercise price above or at the market

 

Awards under the Company’s stock option plans are designed to encourage long-term investment in the Company, more closely align executive and stockholder interests and reward executives for enhancing stockholder value. The Committee believes stock ownership by management has been demonstrated to be beneficial to stockholders.