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These excerpts taken from the PBG 10-K filed Feb 20, 2009. Description
of the PBG Stock Incentive Plan
Effective May 26, 2004, no securities were available for
future issuance under the SIP. The SIP is a non-shareholder
approved, broad-based plan that was adopted by our Board of
Directors on March 30, 1999. No grants, other than stock
option awards, have been made under the SIP. All stock options
were granted to select groups of non-management employees with
an exercise price equal to the fair market value of our common
stock on the grant date. The options generally become
exercisable three years from the date of grant and have a
ten-year term. At year-end 2008, options covering
1,403,460 shares of our common stock were outstanding under
the SIP. The SIP is filed as Exhibit 10.11 to our Annual
Report on
Form 10-K
for the year ended December 25, 1999 and qualifies this
summary in its entirety.
Description of the PBG Stock Incentive Plan Effective May 26, 2004, no securities were available for future issuance under the SIP. The SIP is a non-shareholder approved, broad-based plan that was adopted by our Board of Directors on March 30, 1999. No grants, other than stock option awards, have been made under the SIP. All stock options were granted to select groups of non-management employees with an exercise price equal to the fair market value of our common stock on the grant date. The options generally become exercisable three years from the date of grant and have a ten-year term. At year-end 2008, options covering 1,403,460 shares of our common stock were outstanding under the SIP. The SIP is filed as Exhibit 10.11 to our Annual Report on Form 10-K for the year ended December 25, 1999 and qualifies this summary in its entirety. | EXCERPTS ON THIS PAGE:
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