VLTR » Topics » New Plan Benefits

This excerpt taken from the VLTR DEF 14A filed Apr 24, 2007.
New Plan Benefits
 
The following table presents certain information with respect to options currently anticipated to be granted under the Directors’ Plan within twelve months following February 13, 2007 to all our non-employee directors as a group, assuming Proposal 2 receives the necessary stockholder approvals.
 
                 
          Number of Shares
 
          Underlying Options
 
Name and Position
  Dollar Value     Granted  
 
All Non-Employee Directors as a Group
    N/A (1)     50,000 (2)
 
 
(1) The per share exercise price of the option grants will be the closing market price on the Nasdaq Global Market on the last trading day on the date prior to the date of grant.
 
(2) On the date of the 2007 Annual Meeting of Stockholders, each of the Company’s five continuing non-employee directors will automatically be granted an option to purchase 10,000 shares of our common stock. If Proposal 2 does not receive the necessary stockholder approvals, on the date of the 2007 Annual Meeting of Stockholders, each of the Company’s five continuing non-employee directors will automatically be granted an option to purchase 6,250 shares of our common stock.
 
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