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This excerpt taken from the ROLL DEF 14A filed Jul 27, 2007. Executives (including the executive officers) receive nonqualified stock options that: · have an exercise price equal to the fair market value of Common Stock on the date of grant; · typically vest over a three to five-year period in equal amounts each year; and · expire seven years after the date of grant. Under the accounting rules, the value of the stock options at the time of grant is expensed over the vesting period in the year the options are earned. When executives exercise stock options, they are taxed at ordinary income tax rates (subject to withholding) and the Company receives a corresponding tax deduction. 37 This excerpt taken from the ROLL 10-K filed Jun 12, 2007. Stock Options. Under the
2005 Long-Term Incentive Plan, the compensation committee or the board may
approve the award of grants of incentive stock options and other non-qualified
stock options. The compensation committee also has the authority to approve the
grant of options that will become fully vested and exercisable automatically
upon a change in control.
62
The compensation committee may not, however, approve an award to any one person in any calendar year options to purchase common stock equal to more than 10% of the total number of shares authorized under the plan (other than the initial award to the Company’s CEO discussed above), and it may not approve an award of incentive options first exercisable in any calendar year whose underlying shares have a fair market value greater than $100,000 determined at the time of grant. As of March 31, 2007, there were outstanding options to purchase 1,026,502 shares of common stock granted the 2005 plan, 693,502 of which were exercisable. The compensation committee will approve the exercise price and term of any option in its discretion; however, the exercise price may not be less than 100% of the fair market value of a share of common stock on the date of grant. In the case of any incentive stock option, the option must be exercised within 10 years of the date of grant. The exercise price of an incentive option awarded to a person who owns stock constituting more than 10% of our voting power may not be less than 110% of such fair market value on such date and the option must be exercised within five years of the date of grant. This excerpt taken from the ROLL 10-Q filed Feb 8, 2007. Stock Options. Under the
2005 Long-Term Incentive Plan, the compensation committee or the board may
approve the award of grants of incentive stock options and other non-qualified
stock options. The compensation committee also has the authority to approve the
grant of options that will become fully vested and exercisable automatically
upon a change in control. The compensation committee may not, however, approve
an award to any one person in any calendar year options to purchase common
stock equal to more than 10% of the total number of shares authorized under the
plan (other than the initial award to the Company’s CEO discussed above), and
it may not approve an award of incentive options first exercisable in any
calendar year whose underlying shares have a fair market value greater than
$100,000 determined at the time of grant.
As of December 30, 2006, there were outstanding options to purchase
1,029,002 shares of common stock granted under the 2005 plan, of which 696,002
were exercisable.
The compensation committee will approve the exercise price and term of any option in its discretion; however, the exercise price may not be less than 100% of the fair market value of a share of common stock on the date of grant. In the case of any incentive stock option, the option must be exercised within 10 years of the date of grant. The exercise price of an incentive option awarded to a person who owns stock constituting more than 10% of the Company’s voting power may not be less than 110% of such fair market value on such date and the option must be exercised within five years of the date of grant. This excerpt taken from the ROLL 10-Q filed Nov 3, 2006. Stock Options. Under the
2005 Long-Term Incentive Plan, the compensation committee or the board may
approve the award of grants of incentive stock options and other non-qualified
stock options. The compensation committee also has the authority to approve the
grant of options that will become fully vested and exercisable automatically
upon a change in control. The compensation committee may not, however, approve
an award to any one person in any calendar year options to purchase common
stock equal to more than 10% of the total number of shares authorized under the
plan (other than the initial award to the Company’s CEO discussed above), and
it may not approve an award of incentive options first exercisable in any
calendar year whose underlying shares have a fair market value greater than
$100,000 determined at the time of grant.
As of September 30, 2006, there were outstanding options to purchase
1,031,502 shares of common stock granted under the 2005 plan, of which 696,002
were exercisable.
The compensation committee will approve the exercise price and term of any option in its discretion; however, the exercise price may not be less than 100% of the fair market value of a share of common stock on the date of grant. In the case of any incentive stock option, the option must be exercised within 10 years of the date of grant. The exercise price of an incentive option awarded to a person who owns stock constituting more than 10% of our voting power may not be less than 110% of such fair market value on such date and the option must be exercised within five years of the date of grant. This excerpt taken from the ROLL 10-Q filed Aug 8, 2006. Stock Options. Under the
2005 Long-Term Incentive Plan, the compensation committee or the board may
approve the award of grants of incentive stock options and other non-qualified
stock options. The compensation committee also has the authority to approve the
grant of options that will become fully vested and exercisable automatically
upon a change in control. The compensation committee may not, however, approve
an award to any one person in any calendar year options to purchase common
stock equal to more than 10% of the total number of shares authorized under the
plan (other than the initial award to the Company’s CEO discussed above), and
it may not approve an award of incentive options first exercisable in any
calendar year whose underlying shares have a fair market value greater than
$100,000 determined at the time of grant.
As of July 1, 2006, there were outstanding options to purchase 696,002
shares of common stock granted the 2005 plan, all of which were exercisable.
9 The compensation committee will approve the exercise price and term of any option in its discretion; however, the exercise price may not be less than 100% of the fair market value of a share of common stock on the date of grant. In the case of any incentive stock option, the option must be exercised within 10 years of the date of grant. The exercise price of an incentive option awarded to a person who owns stock constituting more than 10% of our voting power may not be less than 110% of such fair market value on such date and the option must be exercised within five years of the date of grant. This excerpt taken from the ROLL DEF 14A filed Jul 26, 2006. Stock
Options. Under
the plan, the Compensation Committee or the Board may award grants of incentive
stock options and other non-qualified stock options. The Compensation Committee
also has the authority to grant options that will become fully vested and
exercisable automatically upon a change in control. The Compensation Committee
may not, however, award to any one person in any calendar year options to
purchase common stock equal to more than 10% of the total number of shares
authorized under the plan (other than the initial award to Dr. Hartnett
discussed above), and it may not award incentive options first exercisable in
any calendar year whose underlying shares have a fair market value greater than
$100,000 determined at the time of grant.
The Compensation Committee will determine the exercise price and term of any option in its discretion, however, the exercise price may not be less than 100% of the fair market value of a share of Common Stock on the date of grant. In the case of any incentive stock option, the option must be exercised within 10 years of the date of grant. The exercise price of an incentive option awarded to a person who owns stock constituting more than 10% of our voting power may not be less than 110% of such fair market value on such date and the option must be exercised within five years of the date of grant. | EXCERPTS ON THIS PAGE:
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