VZ » Topics » Verizon Wireless Long-Term Incentive Plan

This excerpt taken from the VZ 10-Q filed May 11, 2009.

Verizon Wireless Long-Term Incentive Plan

The 2000 Verizon Wireless Long-Term Incentive Plan (the Wireless Plan) provides compensation opportunities to eligible employees and other participating affiliates of Verizon Wireless. The Wireless Plan provides rewards that are tied to the long-term performance of Verizon Wireless. Under the Wireless Plan, Value Appreciation Rights (VARs) were granted to eligible employees. As of March 31, 2009, all VARs were fully vested.

The following table summarizes the Value Appreciation Rights activity:

 

(shares in thousands)    Value Appreciation
Rights
   

Weighted-Average
Grant-Date

Fair Value

Outstanding, beginning of year

   28,244     $ 16.54

Exercised

   (9,010 )     15.60

Cancelled/Forfeited

   (89 )     18.83
        

Outstanding, March 31, 2009

   19,145       16.98
        
This excerpt taken from the VZ 10-Q filed Oct 28, 2008.

Verizon Wireless Long-Term Incentive Plan

The 2000 Verizon Wireless Long-Term Incentive Plan (the Wireless Plan) provides compensation opportunities to eligible employees and other participating affiliates of Verizon Wireless. The Wireless Plan provides rewards that are tied to the long-term performance of Verizon Wireless. Under the Wireless Plan, Value Appreciation Rights (VARs) were granted to eligible employees. As of September 30, 2008, all VARs were fully vested.

The following table summarizes the Value Appreciation Rights activity:

 

(shares in thousands)

   Value Appreciation
Rights
   

Weighted-Average
Grant-Date

Fair Value

Outstanding, beginning of year

   60,412     $ 17.58

Exercised

   (12,874 )     19.31

Cancelled/Forfeited

   (331 )     18.93
        

Outstanding, September 30, 2008

   47,207       17.09
        
This excerpt taken from the VZ 10-Q filed Jul 29, 2008.

Verizon Wireless Long-Term Incentive Plan

The 2000 Verizon Wireless Long-Term Incentive Plan (the Wireless Plan) provides compensation opportunities to eligible employees and other participating affiliates of Verizon Wireless. The Wireless Plan provides rewards that are tied to the long-term performance of Verizon Wireless. Under the Wireless Plan, Value Appreciation Rights (VARs) were granted to eligible employees. As of June 30, 2008, all VARs were fully vested.

The following table summarizes the Value Appreciation Rights activity:

 

(shares in thousands)    Value Appreciation
Rights
   

Weighted-Average
Grant-Date

Fair Value

Outstanding, beginning of year

   60,412     $    17.58

Exercised

   (11,073 )   19.07

Cancelled/Forfeited

   (238 )   19.06
        

Outstanding, June 30, 2008

   49,101     17.23
        

 

10


Table of Contents
This excerpt taken from the VZ 10-Q filed Apr 29, 2008.

Verizon Wireless Long-Term Incentive Plan

The 2000 Verizon Wireless Long-Term Incentive Plan (the Wireless Plan) provides compensation opportunities to eligible employees and other participating affiliates of the Partnership. The Wireless Plan provides rewards that are tied to the long-term performance of the Partnership. Under the Wireless Plan, Value Appreciation Rights (VARs) were granted to eligible employees. As of March 31, 2008, all VARs were fully vested.

The following table summarizes the Value Appreciation Rights activity:

 

(shares in thousands)    Value Appreciation   
Rights   
  

Weighted-Average  

Grant-Date  

Fair Value  

Outstanding rights, beginning of year

   60,412       $  17.58  

Exercised

   (5,459)      18.89  

Cancelled/Forfeited

   (129)      20.28  
       

Outstanding rights, March 31, 2008

   54,824       17.43  
       
This excerpt taken from the VZ 10-Q filed Oct 30, 2007.

Verizon Wireless Long-Term Incentive Plan

The 2000 Verizon Wireless Long-Term Incentive Plan (the “Wireless Plan”) provides compensation opportunities to eligible employees and other participating affiliates of the Cellco Partnership, d.b.a. Verizon Wireless (the “Partnership”). The Wireless Plan provides rewards that are tied to the long-term performance of the Partnership. Under the Wireless Plan, Value Appreciation Rights (VARs) are granted to eligible employees. With the adoption of SFAS 123(R), the Partnership began estimating the fair value of VARs granted using a Black-Scholes option valuation model. As of September 30, 2007, substantially all VARs were fully vested.

The following table summarizes the Value Appreciation Rights activity:

 

(shares in thousands)    Value Appreciation   
Rights   
  

Weighted-Average  

Grant-Date  

Fair Value  

Outstanding, beginning of year

   94,467       $  16.99  

Exercises

   (25,996)      14.35  

Cancellations/Forfeitures

   (3,080)      24.76  
       

Outstanding value appreciation rights, September 30, 2007

   65,391       17.68  
       

 

12


Table of Contents
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