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This excerpt taken from the QRCP DEF 14A filed May 20, 2008. Other
Information
The Omnibus Plan was initially effective October 14, 2005,
and will remain in effect, subject to the right of the Board of
Directors to amend or terminate the Omnibus Plan (subject to
certain limitations set forth in the Omnibus Plan), at any time
until all shares subject to it shall have been purchased or
acquired according to the Omnibus Plan’s provisions. Any
awards granted before the Omnibus Plan is terminated may extend
beyond the expiration date.
The Board of Directors may at any time alter, amend, suspend or
terminate the Omnibus Plan in whole or in part without the
approval of the stockholders, except to the extent the Board of
Directors determines it is desirable (i) to obtain approval
of the stockholders, (ii) to retain eligibility for
exemption from the limitations of Section 162(m) of the
Code, (iii) to have the available the ability for stock
options to qualify as ISOs, (iv) to comply with the
requirements for listing on any exchange where our shares are
listed, or (v) for any other purpose the Board of Directors
deems appropriate. No termination, amendment or modification of
the Omnibus Plan may adversely affect in any material way any
award previously granted under the Omnibus Plan, without the
written consent of the grantee of such award.
In May 2008, the Committee adopted a burn-rate policy, which
provides that for the years ended December 31, 2008, 2009
and 2010, our prospective three-year average burn rate with
respect to our equity awards will not exceed the mean and one
standard deviation of our Global Industry Classification
Standards Peer Group (1010 — Energy) of 4.43%. For
purposes of calculating the three-year average burn rate under
this burn-rate policy, each restricted stock (unit), bonus share
or stock award or any forms of full-value awards granted under
our equity plans will be counted as 1.5 award shares and will be
calculated as (i) the number of equity awards granted in
each fiscal year by the Committee to employees and directors,
excluding awards granted to replace securities assumed in
connection with a business combination transaction, divided by
(ii) the weighted average basic shares outstanding.
This excerpt taken from the QRCP 10-Q filed Aug 10, 2007. Item 5. Other Information On May 31, 2007, we entered into a ten-year office lease for a new corporate headquarters location in downtown Oklahoma City, Oklahoma. The lease is for approximately 35,000 square feet, with a monthly rental expense of $52,590. The lease term is currently anticipated to commence in November 2007. This excerpt taken from the QRCP 10-Q filed Aug 9, 2007. Item 5. Other Information On May 31, 2007, we entered into a ten-year office lease for a new corporate headquarters location in downtown Oklahoma City, Oklahoma. The lease is for approximately 35,000 square feet, with a monthly rental expense of $52,590. The lease term is currently anticipated to commence in November 2007. This excerpt taken from the QRCP DEF 14A filed May 3, 2006. Other
Information
The Omnibus Plan was effective October 14, 2005, and will
remain in effect, subject to the right of the Board of Directors
to amend or terminate the Omnibus Plan (subject to certain
limitations set forth in the Omnibus Plan), at any time until
all shares subject to it shall have been purchased or acquired
according to the Omnibus Plan’s provisions. Any awards
granted before the Omnibus Plan is terminated may extend beyond
the expiration date.
The Board of Directors may at any time alter, amend, suspend or
terminate the Omnibus Plan in whole or in part without the
approval of the stockholders, except to the extent the Board of
Directors determines it is desirable (i) to obtain approval
of the stockholders, (ii) to retain eligibility for
exemption from the limitations of Section 162(m) of the
Code, (iii) to have the available the ability for stock
options to qualify as ISOs, (iv) to comply with the
requirements for listing on any exchange where our shares are
listed, or (v) for any other purpose the Board of Directors
deems appropriate. No termination, amendment or modification of
the Omnibus Plan may adversely affect in any material way any
award previously granted under the Omnibus Plan, without the
written consent of the grantee of such award.
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