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This excerpt taken from the NAVR DEF 14A filed Jul 28, 2009. Restricted
Stock and Stock Units
The Committee may grant restricted stock and stock units on such
terms and conditions and subject to such repurchase or
forfeiture restrictions, if any, as the Committee shall
determine in its sole discretion, which terms, conditions and
restrictions shall be set forth in the instrument evidencing the
Award. Upon satisfying the relevant conditions, the shares of
restricted stock covered by each Award shall become freely
transferable by the participant, while stock units shall be paid
in cash, shares of Common Stock or a combination of cash and
shares of Common Stock as the Committee shall determine in its
sole discretion. Any fractional shares subject to such Awards
shall be paid to the participant in cash. Participants holding
shares of restricted stock or stock units may, if the Committee
so determines, be credited with dividends paid with respect to
the underlying shares or dividend equivalents while they are so
held in a manner and form determined by the Committee in its
sole discretion.
The Committee, in its sole discretion, may waive the repurchase
or forfeiture period and any other terms, conditions or
restrictions on any restricted stock or stock unit under such
circumstances and subject to such terms and conditions as the
Committee shall deem appropriate; provided, however, that the
Committee may not adjust performance goals for any restricted
stock or stock unit intended to be exempt under
Section 162(m) of the Code for the year in which the
restricted stock or stock unit is settled in such a manner as
would increase the amount of compensation otherwise payable to a
participant.
Table of Contents
This excerpt taken from the NAVR DEF 14A filed Jul 26, 2007. Restricted
Stock and Stock Units
The Committee may grant restricted stock and stock units on such
terms and conditions and subject to such repurchase or
forfeiture restrictions, if any, as the Committee shall
determine in its sole discretion, which terms, conditions and
restrictions shall be set forth in the instrument evidencing the
Award. Upon satisfying the relevant conditions, the shares of
restricted stock covered by each Award shall become freely
transferable by the participant, while stock units shall be paid
in cash, shares of Common Stock or a combination of cash and
shares of Common Stock as the Committee shall determine in its
sole discretion. Any fractional shares subject to such Awards
shall be paid to the participant in cash. Participants holding
shares of restricted stock or stock units may, if the Committee
so determines, be credited with dividends paid with respect to
the underlying shares or dividend equivalents while they are so
held in a manner and form determined by the Committee in its
sole discretion.
The Committee, in its sole discretion, may waive the repurchase
or forfeiture period and any other terms, conditions or
restrictions on any restricted stock or stock unit under such
circumstances and subject to such terms and conditions as the
Committee shall deem appropriate; provided, however, that the
Committee may not adjust performance goals for any restricted
stock or stock unit intended to be exempt under
Section 162(m) of the Code for the year in which the
restricted stock or stock unit is settled in such a manner as
would increase the amount of compensation otherwise payable to a
participant.
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