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This excerpt taken from the SERV DEF 14A filed Jul 28, 2009. EQUITY
COMPENSATION PLAN INFORMATION
The 2000 Award Plan was adopted by the Board in May 2000 and
subsequently approved by the shareholders in August 2000. Awards
granted under the 2000 Award Plan may be incentive stock
options; nonqualified stock options; shares of the Common Stock,
which may be nontransferable
and/or
forfeitable under restrictions, terms and conditions set forth
in the award agreement; SARs; or performance shares. The number
of shares of the Common Stock with respect to which awards may
be granted and outstanding under the 2000 Award Plan is a
maximum of 1,155,000 shares (adjusted for stock dividends).
As previously reported, the Company made grants of 52,500 SARs
each (adjusted for stock dividend) to two individuals in fiscal
2009 pursuant to individual employment arrangements in order to
induce those individuals to join the Company as key personnel.
These awards were not made under the 2000 Award Plan. The SARs
awarded have a five-year vesting period, in which thirty percent
(30%) of the SARs will vest on the third (3rd) annual
anniversary of the date of grant, thirty percent (30%) will vest
on the fourth (4th) annual anniversary of the date of grant, and
forty percent (40%) will vest on the fifth (5th) annual
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anniversary of the date of grant, with an early vesting
provision by which one hundred percent (100%) of the SARs will
vest immediately at such time as the Company’s stock price
closes at or above $19.05 per share (adjusted for stock
dividend) for ten (10) consecutive trading days or upon a
change in control of the Company.
The following table sets forth certain information regarding the
2000 Award Plan and the individual awards (discussed directly
above) as of April 30, 2009:
This excerpt taken from the SERV DEF 14A filed Aug 13, 2008. EQUITY
COMPENSATION PLAN INFORMATION
The 2000 Stock Award Plan (the “2000 Stock Award
Plan”) was adopted by the Board of Directors in May 2000
and subsequently approved by the shareholders in August 2000.
Awards granted under the 2000 Stock Award Plan may be incentive
stock options; nonqualified stock options; shares of the Common
Stock, which may be nontransferable
and/or
forfeitable under restrictions, terms and conditions set forth
in
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the award agreement; SARs; or performance shares. The number of
shares of the Common Stock with respect to which awards may be
granted and outstanding under the 2000 Stock Award Plan is a
maximum of 1,155,000 shares (adjusted for stock dividend).
The Company has no other compensation plans or arrangements
under which equity securities are authorized for issuance. The
following table sets forth certain information regarding the
2000 Stock Award Plan as of April 30, 2008 (adjusted for
stock dividend):
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