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These excerpts taken from the PCG 10-K filed Feb 24, 2009. Timing and Amount
of Grant. For each calendar year, each person who is a
Nonemployee Director on the Grant Date shall be granted a Restricted Stock Award
to purchase a number of shares of Stock determined by dividing forty-five
thousand dollars ($45,000) by the Fair Market Value of the Stock on the Grant
Date, and rounding down to the nearest whole number, except that for awards
granted in 2009 the number of shares shall be determined by dividing $45,000 by
the average Fair Market Value of the Stock for the first five trading days of
March 2009.
(b) Timing and Amount
of Grant. For each calendar year, unless a Nonemployee
Director made an election to decline the award of a Nonstatutory Stock Option in
accordance with Section 7.7, each person who is a Nonemployee Director on the
Grant Date shall receive a grant of a Nonstatutory Stock Option with
an aggregate value equal to $5,000, $10,000, $15,000, $20,000, $25,000 $30,000,
$35,000, $40,000, or $45,000 as previously elected by the Nonemployee Director
(or $22,500 in the case of a Nonemployee Director who failed to make a timely
election or who became a Nonemployee Director before the Grant Date for a
particular year but after December 31 of the previous year) (the Timing and Amount
of Grant. For each calendar year, unless a Nonemployee
Director made an election to decline the award of a Restricted Stock Unit
in
16
accordance
with Section 7.7, on the Grant Date each person who is a Nonemployee Director on
the Grant Date shall receive a grant of a Restricted Stock Unit Award with an
aggregate value (as determined by the Fair Market Value of the Stock on the
Grant Date) equal to $5,000, $10,000, $15,000, $20,000, $25,000, $30,000,
$35,000, $40,000, or $45,000, as previously elected by the Nonemployee Director
(or $22,500 in the case of a Nonemployee Director who failed to make a timely
election or who became a Nonemployee Director after December 31 but before the
Grant Date) (the These excerpts taken from the PCG 10-K filed Feb 22, 2008. Timing and Amount
of Grant. For each calendar year, unless a Nonemployee
Director made an election to decline the award of a Restricted Stock Unit in
accordance with Section 7.2 above, on the Grant Date each person who is a
Nonemployee Director on the Grant Date shall receive a grant of a Restricted
Stock Unit Award with an aggregate value (as determined by the Fair Market Value
of the Stock on the Grant Date) equal to $5,000, $10,000, $15,000, $20,000,
$25,000, $30,000, $35,000 or $40,000, as previously elected by the Nonemployee
Director (or $20,000 in the case of a Nonemployee Director who failed to make a
timely election or who became a Nonemployee Director after December 31 but
before the Grant Date) (the Timing and Amount of Grant. For each calendar year, unless a Nonemployee Director made an election to decline the award of a Restricted Stock Unit in accordance with Section 7.2 above, on the Grant Date each person who is a Nonemployee Director on the Grant Date shall receive a grant of a Restricted Stock Unit Award with an aggregate value (as determined by the Fair Market Value of the Stock on the Grant Date) equal to $5,000, $10,000, $15,000, $20,000, $25,000, $30,000, $35,000 or $40,000, as previously elected by the Nonemployee Director (or $20,000 in the case of a Nonemployee Director who failed to make a timely election or who became a Nonemployee Director after December 31 but before the Grant Date) (the | EXCERPTS ON THIS PAGE:
RELATED TOPICS for PCG: |
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