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MCGC » Topics » Restricted Stock Awards Under the 2008 Retention Program

This excerpt taken from the MCGC DEF 14A filed Apr 30, 2009.

Restricted Stock Awards Under the 2008 Retention Program

Additionally, pursuant to the 2008 Retention Program, specified eligible employees were awarded shares of restricted common stock under the MCG Capital Corporation Amended and Restated 2006 Employee Restricted Stock Plan, each, a Retention Stock Award. The forfeiture provisions with respect to 100% of the shares of restricted common stock subject to each Retention Stock Award shall lapse on March 31, 2011.

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