Description of Performance Recognition Reward Program Adopted by Board of Directors
The company's Board of Directors approved a Performance Recognition Reward Program on October 31, 2004. Under this program, employees and executive officers may receive stock options to purchase company shares if they meet specific financial and operational goals set by the Board. The total number of shares available for option grants under this program is about 900,000.
Exhibit 10.2
Description of Performance Recognition Reward Program
On October 31, 2004, the Board of Directors of the Company adopted and approved a Performance Recognition Reward Program. Pursuant to the Performance Recognition Reward Program, employees and executive officers of the Company may be granted options to purchase common stock of the Company based upon the achievement of certain financial and operating milestones approved by the Board of Directors. The aggregate number of shares underlying stock options that may be granted pursuant to the Performance Recognition Reward Program is approximately 900,000.
