QSND » Topics » Compensation of Directors

This excerpt taken from the QSND 6-K filed Mar 31, 2008.

Compensation of Directors


On April 27, 2007 the Company granted 10,000 options exercisable for 5 years at the exercise price of $4.77 U.S.  to Ms. M. Patty Chakour and Mr. D. Tony Stelliga.  On June 7, 2007 the Company granted 10,000 options exercisable for 5 years at the exercise price of $4.41 U.S. to Mr. Douglas Balfour. These options, which vest at the rate of 2500 options on each of July 27 and October 27 2007, and January 27 and April 27, 2008, were granted under the 2006 Stock Option Plan for Outside Directors.  In addition, the outside directors received cash compensation in the aggregate amount of $26,000 U.S.   


This excerpt taken from the QSND 6-K filed Mar 23, 2007.

Compensation of Directors


On May 1, 2006 the Company granted 10,000 options exercisable for 5 years at the exercise price of $5.02 U.S. to each of the independent directors, namely Ms. M. Patty Chakour and Messrs. Stanley E. McDougall and D. Tony Stelliga. These options, which vest at the rate of 2500 options every three months beginning on the date of grant, were approved by the shareholders of the Company at the meeting of shareholders which took place on April 28, 2006.  In addition, the outside directors received cash compensation in the aggregate amount of $26,000 U.S.   


This excerpt taken from the QSND 6-K filed Apr 7, 2006.

Compensation of Directors


In 2005 the Company granted 10,000 options exercisable for 5 years at the exercise price of $3.57 U.S. to each of the independent directors, namely Ms. M. Patty Chakour and Messrs. Stanley E. McDougall and D. Tony Stelliga. These options are subject to approval by the shareholders of the Company, which the Company will seek to obtain at the Meeting. (See “Approval of Options” above). In addition, the outside directors received cash compensation in the aggregate amount of $26,000 U.S.


This excerpt taken from the QSND 6-K filed Apr 8, 2005.

Compensation of Directors


The Company generally compensates outside directors through the grant of options. In 2004 the Company granted 25,000 options exercisable for 5 years at the exercise price of $1.88 U.S. to Mr. James Bonfiglio 2004, to Mr. Stanley E. McDougall and to Ms. M. Patty Chakour. There were no other arrangements for payments, and no other compensation was paid in 2004, by the Company to any outside director.   


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