TYC » Topics » Review of Equity Plan Compliance

This excerpt taken from the TYC 10-K filed Apr 20, 2007.

Review of Equity Plan Compliance

        Separately, the Company identified an error related to the recognition of compensation expense under the Company's employee stock purchase program in the United Kingdom. The aggregate compensation expense related to this item which the Company should have recorded in 2002-2005 is $29 million pre-tax and $20 million after-tax. None of this amount relates to 2006, $7 million pre-tax ($5 million after-tax) relates to 2005 and $19 million pre-tax ($13 million after-tax) relates to 2004.

This excerpt taken from the TYC 10-K filed Dec 11, 2006.

Review of Equity Plan Compliance

        Separately, the Company identified an error related to the recognition of compensation expense under the Company's employee stock purchase program in the United Kingdom. The aggregate compensation expense related to this item which the Company should have recorded in 2002-2005 is $29 million pre-tax and $20 million after-tax. None of this amount relates to 2006, $7 million pre-tax ($5 million after-tax) relates to 2005 and $19 million pre-tax ($13 million after-tax) relates to 2004.

EXCERPTS ON THIS PAGE:

10-K
Apr 20, 2007
10-K
Dec 11, 2006
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