PRXL » Topics » Eligibility to Receive Awards

This excerpt taken from the PRXL DEF 14A filed Oct 26, 2007.
Eligibility to Receive Awards
Employees, officers, directors, consultants and advisors of the Company and its subsidiaries are eligible to be granted Awards under the 2007 Plan. Under present law, however, incentive stock options may only be granted to employees of the Company and its subsidiaries.
The granting of Awards under the 2007 Plan is discretionary, and the individuals who may become participants and receive Awards under the 2007 Plan, and the number of shares they may acquire, are not determinable. The Company had 6,485 employees on June 30, 2007 and 5 non-employee directors, all of whom are eligible to receive awards under the 2007 plan. No Awards have been made under the 2007 Plan to date. On October 19, 2007, the last reported sale price of our common stock on the Nasdaq Global Select Market was $45.22.

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Arbitron (ARB)
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