UTR » Topics » Eligibility

This excerpt taken from the UTR DEF 14A filed Apr 1, 2009.

Eligibility

 

The selection of actual recipients for grants under the Restricted Stock Plan from among eligible individuals will be determined from time to time in the discretion of the Compensation Committee or by the Company’s Chief Executive Officer pursuant to a delegation of authority under the plan. Eligible participants in the Restricted Stock Plan include all employees of the Company and its subsidiaries and affiliates and, by specific designation of the Compensation Committee, other individuals who provide certain consulting or advisory services to the Company, its subsidiaries and/or affiliates.

 

As of December 31, 2008, approximately 7,700 employees were technically eligible for Restricted Stock Plan grants. Grants under the Restricted Stock Plan have been, and are expected to continue to be, utilized primarily for grants to a selective group of managerial-level employees. On February 3, 2009, 151 employees received grants under the Restricted Stock Plan, 67 of whom received grants of performance-based restricted stock.

 

64


Table of Contents
These excerpts taken from the UTR 10-K filed Feb 4, 2009.

4. Eligibility.

Each director of the Company who first becomes a director after November 1, 1993 and is not an employee of the Company or any subsidiary of the Company and each director who has retired as an employee of the Company or a subsidiary of the Company shall be eligible to participate in the Plan (“Eligible Directors”). Each Option granted under the Plan shall be governed by an agreement in such form as the Committee shall from time to time approve.

ELIGIBILITY

2.1 Eligibility. The Board may, in its discretion, or an Affiliate may, in its discretion and subject to the approval of the Board, designate in writing any Eligible Employee as a Participant who is eligible to participate in the Plan. An Outside Director is automatically eligible to participate in the Plan.

2.2 Participation Date and Notice. An Eligible Employee designated as a Participant pursuant to Section 2.1 shall become a Participant as of the first day of the Plan Year following such designation. An Outside Director shall become a Participant as of the date he or she is elected a director of the Board. The date that an Eligible Employee or Outside Director is eligible to participate in the Plan shall be known as the Participation Date. The Company will provide the Participant with notice of the Participant’s Participation Date and the forms needed to make an election pursuant to Section 3.2 as soon as reasonably practicable after the Company is informed of a Participant’s Participation Date.

 

4


ELIGIBILITY

An employee who is eligible to receive a Qualified Plan Contribution, the amount of which is reduced by reason of the application of the limitations on benefits imposed by application of Code Section 415 (or in the case of a Top Hat Participant, is reduced by the limitations on benefits imposed by application of Code Section 401(a)(17)), shall be eligible to receive a Supplemental Plan Contribution.

ELIGIBILITY

An employee who is eligible to receive a Qualified Plan Retirement Benefit, the amount of which is reduced by reason of the application of the limitations on benefits imposed by application of Code Section 415 (or in the case of a Top Hat Participant, is reduced by the limitations on benefits imposed by application of Code Section 401(a)(17)), shall be eligible to receive a Supplemental Retirement Benefit. If a Participant described in the preceding sentence dies prior to his or her Supplemental Retirement Payment Date, a Supplemental Surviving Spouse Benefit or a Supplemental Non-Spousal Benefit shall be payable if so provided by Article IV or V. The Participant must be fully vested in his or her Qualified Plan Retirement Benefit in order for the Participant, his Surviving Spouse or Beneficiary to receive a benefit under the Plan.

 

5


ELIGIBILITY

An employee who is eligible to receive a Qualified Plan Retirement Benefit, the amount of which is reduced by reason of the
application of the limitations on benefits imposed by application of Code Section 415 (or in the case of a Top Hat Participant, is reduced by the limitations on benefits imposed by application of Code Section 401(a)(17)), shall be eligible
to receive a Supplemental Retirement Benefit. If a Participant described in the preceding sentence dies prior to his or her Supplemental Retirement Payment Date, a Supplemental Surviving Spouse Benefit or a Supplemental Non-Spousal Benefit shall be
payable if so provided by Article IV or V. The Participant must be fully vested in his or her Qualified Plan Retirement Benefit in order for the Participant, his Surviving Spouse or Beneficiary to receive a benefit under the Plan.

STYLE="margin-top:0px;margin-bottom:0px"> 


5








ELIGIBILITY

2.1 Eligibility. The Board may, in its discretion, or an Affiliate may, in its discretion and subject to the approval of the
Board, designate in writing any Eligible Employee as a Participant who is eligible to participate in the Plan. An Outside Director is automatically eligible to participate in the Plan.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">2.2 Participation Date and Notice. An Eligible Employee designated as a Participant pursuant to Section 2.1 shall become a Participant as of
the first day of the Plan Year following such designation. An Outside Director shall become a Participant as of the date he or she is elected a director of the Board. The date that an Eligible Employee or Outside Director is eligible to participate
in the Plan shall be known as the Participation Date. The Company will provide the Participant with notice of the Participant’s Participation Date and the forms needed to make an election pursuant to Section 3.2 as soon as reasonably
practicable after the Company is informed of a Participant’s Participation Date.

 


4








These excerpts taken from the UTR 10-K filed Feb 4, 2008.

ELIGIBILITY

2.1 Eligibility. The Board may, in its discretion, or an Affiliate may, in its discretion and subject to the approval of the Board, designate in writing any Eligible Employee as a Participant who is eligible to participate in the Plan. An Outside Director is automatically eligible to participate in the Plan.

2.2 Participation Date and Notice. An Eligible Employee designated as a Participant pursuant to Section 2.1 shall become a Participant as of the first day of the Plan Year following such designation. An Outside Director shall become a Participant as of the date he or she is elected a director of the Board. The date that an Eligible Employee or Outside Director is eligible to participate in the Plan shall be known as the Participation Date. The Plan Administrator will provide the Participant with notice of the Participant’s Participation Date and the forms needed to make an election pursuant to Section 3.2 of the Plan as soon as reasonably practicable after the Plan Administrator is informed of a Participant’s Participation Date.

 

4


ELIGIBILITY

FACE="Times New Roman" SIZE="2">2.1 Eligibility. The Board may, in its discretion, or an Affiliate may, in its discretion and subject to the approval of the Board, designate in writing any Eligible Employee as a Participant who is eligible to
participate in the Plan. An Outside Director is automatically eligible to participate in the Plan.

2.2 Participation Date and
Notice
. An Eligible Employee designated as a Participant pursuant to Section 2.1 shall become a Participant as of the first day of the Plan Year following such designation. An Outside Director shall become a Participant as of the date he or
she is elected a director of the Board. The date that an Eligible Employee or Outside Director is eligible to participate in the Plan shall be known as the Participation Date. The Plan Administrator will provide the Participant with notice of the
Participant’s Participation Date and the forms needed to make an election pursuant to Section 3.2 of the Plan as soon as reasonably practicable after the Plan Administrator is informed of a Participant’s Participation Date.

 


4








This excerpt taken from the UTR 10-Q filed May 1, 2006.

ELIGIBILITY

An employee who is eligible to receive a Qualified Plan Retirement Benefit, the amount of which is reduced by reason of the application of the limitations on benefits imposed by application of Code Section 415 (or in the case of a Top Hat Participant, is reduced by the limitations on benefits imposed by application of Code Section 401(a)(17)), in each case as in effect on the date for commencement of the Qualified Plan Retirement Benefit, or as in effect at any time thereafter, shall be eligible to receive a Supplemental Retirement Benefit. If a Participant described in the preceding sentence dies prior to commencement of payment of his Qualified Plan Retirement Benefit, his Surviving Spouse shall be eligible to receive a Supplemental Surviving Spouse Benefit.

This excerpt taken from the UTR DEF 14A filed Mar 28, 2005.

Eligibility

 

Although the selection of actual Award recipients from among eligible individuals will be determined by discretion of the Committee (or authorized officers) from time to time, the eligible participants of the Plan are the employees of the Company and its subsidiaries and affiliates and, by specific designation of the Committee, other individuals who provide certain consulting or advisory services to the Company, its subsidiaries and/or affiliates. If the Plan had been in effect during the last fiscal year, over 8,400 employees would technically have been eligible for Plan benefits as of December 31, 2004. The Plan provides the Committee with full discretion in determining those individuals to whom Awards will be granted and the terms and amount of each Award. Due to the discretionary rights accorded to the Committee under the Plan, specific benefits to be received by particular individuals or classes of potential participants in the Plan are not currently determinable. However, the Company’s current view is that the Plan will be utilized primarily for Awards to a highly selective group of managerial-level employees.

 

These excerpts taken from the UTR 10-K filed Feb 3, 2005.

4. Eligibility.

 

Each director of the Company who first becomes a director after November 1, 1993 and is not an employee of the Company or any subsidiary of the Company and each director who has retired as an employee of the Company or a subsidiary of the Company shall be eligible to participate in the Plan (“Eligible Directors”). Each Option granted under the Plan shall be governed by an agreement in such form as the Committee shall from time to time approve.

 

5. ELIGIBILITY

 

The following persons shall be eligible to receive grants of Options and Stock Appreciation Rights under this Plan:

 

a) all executive and other key employees of the Company or of any subsidiary or affiliate of the Company who are designated as such by the Committee in its sole discretion;

 

b) directors of the Company who are regular employees of the Company or any such subsidiary or affiliate; and

 

c) key persons selected by the Committee in its sole discretion who render services to the Company or its subsidiaries or affiliates as consultants or advisors, but such persons shall only be eligible to receive Non-Qualified Options (including Restorative Options issued with respect to such Options).

 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki