This excerpt taken from the NVTL 8-K filed Oct 24, 2006.
WHEREAS, on October 19, 2006, the Board of Directors elected Leparulo as Executive Chairman of the Company to become effective November 17, 2006;
WHEREAS, Leparulo shall resign from his position as chief executive officer with the Company effective November 17, 2006, (the Resignation Date) but shall remain and continue in service of the Company as a member of the Companys Board of Directors and as Executive Chairman of the Board of Directors; and
WHEREAS, the Company wishes to retain Leparulos services for a period until at least March 31, 2007 as Executive Chairman of the Board;
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, it is hereby agreed by and between the parties hereto as follows:
This excerpt taken from the NVTL DEF 14A filed Jun 10, 2005.
WHEREAS, the Company has previously adopted the 2000 Stock Incentive Plan, as amended and restated to date (the Plan);
WHEREAS, Section 10 of the Plan permits the Board of Directors of the Company (the Board) to amend the Plan at any time and for any reason, subject to the approval of the Companys stockholders to the extent required by applicable laws, rules or regulations; and
WHEREAS, the Board has determined that it is advisable and in the best interests of Company stockholders to amend the Plan in certain respects, subject to stockholder approval.
NOW, THEREFORE, the Plan is hereby amended, effective as of the date of approval hereof by the Companys stockholders.