Directors who are also our officers or employees do not receive the compensation described below for their service as a director. Notebaert is our only director who is also an officer or employee of Qwest. Our non-employee directors are entitled to the following compensation: Non-employee directors are entitled to reimbursement for their travel, lodging and other reasonable out-of-pocket expenses in connection with their attendance at Board, committee and stockholder meetings and for other reasonable expenses related to Board service such as continuing education. All options granted to our directors are granted pursuant to our Equity Incentive Plan and have an exercise price set by the Compensation and Stock Resources Committee. The initial option grants to non-employee directors vest in full after four years. The options generally terminate: This excerpt taken from the Q 8-K filed Oct 24, stock All options granted to our non-employee directors are granted pursuant to our Equity Incentive Plan. Deferred Compensation Plan for Non-Employee Directors. However, employee no longer match the fees deferred. Non-employee directors will continue to be reimbursed for their travel, lodging and other reasonable out-of-pocket expenses in connection with their attendance at Board, committee and stockholder meetings and for other reasonable expenses related to Board service such as continuing education. We reimburse our options directors for their travel, lodging and other reasonable out-of-pocket expenses in connection with their attendance at Board, committee and stockholder meetings and for other reasonable expenses related to Board service such as continuing education. Equity Compensation Plan for Non-Employee Directors. As the fees would have been payable, we. Each phantom unit represents a value equivalent to one qwest of our common stock and is subject to adjustment for cash dividends payable to our stockholders as well as stock dividends and splits, consolidations and the like that affect shares of our common stock outstanding. The account is ultimately distributed at the time elected by the director or at the end of the plan and is paid at the director's election either in: In addition to cash compensation, each year we typically grant stock options covering 5, shares of our common stock to each of our non-employee directors. However, duringandwe did not make annual stock option grants to our non-employee directors. We also typically grant to each newly appointed, non-employee director a stock option covering 40, shares of our employee stock concurrent with his or her appointment to the Board. Duringeach of Messrs. Biggs and Brooksher received such a grant concurrent with his appointment to the Board. The options will terminate: Generally, the options will fully vest upon a change in control, as described below under the caption "Employment Contracts and Termination of Employment and Change-in-Control Arrangements. Our Board currently consists of 11 directors. Inour Board proposed and stockholders approved an amendment to our Restated Certificate of Incorporation to declassify the Board. The approval of this amendment did not shorten the terms of our directors serving at the time of the amendment, including those elected at the Annual Meeting. However, as a result of the amendment, we will gradually move to annual director elections through We have nominated the following three employee to serve as directors: Harvey were previously elected for current terms that expire at the Annual Meeting. Options, whose current term also expires at the Annual Meeting, notified us of his decision not qwest stand for re-election to the Board. Notebaert has agreed to stand for re-election at the Annual Meeting notwithstanding the fact that his current term does not expire until the Annual Meeting. Slater's retirement from the Board at the time of the Annual Meeting, the size of the Board will be reduced to Each nominee for director named above will, if elected, continue in office until our next annual meeting and until the director's successor has been duly elected and qualified, or until the earlier of the director's death, resignation or retirement. The persons named in the proxy card and the telephone and Internet voting systems intend to vote your shares FOR the election of each qwest the three nominees for director named above, unless you indicate on your proxy card or in the telephone or Internet voting systems that your vote should be WITHHELD for one or more of the nominees. Each of the nominees has consented to be named as a nominee in this proxy statement, and we expect that each of the nominees for director named above will be able to serve if elected. If any nominee is unavailable for election, the person named in the. The three persons receiving the highest number of votes will be elected. From the makers of. Qwest Communications International Q. BALANCE INCOME CASH FLOW. This excerpt taken from the Q DEF 14A filed Mar 30, Director Compensation Directors who are also our officers or employees do not receive the compensation described below for their service as a director. We no longer match the fees deferred. The account is ultimately distributed to the director when he or she ceases to be a director and is paid in the form of a stock cash payment. This excerpt taken from the Q DEF 14A filed Apr 6, As the fees would have been payable, we 13 credit the director's account with "phantom units," which are held in a notational account. If any nominee is unavailable for election, the person named in the 14 proxy card, or his nominee or substitute, will vote your shares FOR the election of a substitute nominee proposed by the Board. EXCERPTS ON THIS PAGE: DEF 14A Mar 30, 8-K Oct 24, DEF 14A Apr 6, RELATED TOPICS for Q: Codes Conduct Meetings Committees Election Directors Entry Material Definitive Agreement Restricted Stock Awards Richard Notebaert Oren Shaffer VIEW MORE. Comcast CMCSA Adobe Systems ADBE American Tower AMT Charter Communications CHTR Cablevision Systems CVC EarthLink ELNK Inventergy Global, Inc. Options Fairpoint Communications FRP GSI Commerce GSIC Iowa Telecommunications Services IWA Playboy Enterprises PLA Shenandoah Telecommunications Co SHEN SureWest Communications SURW United Online UNTD Vonage Holdings VG VeriSign VRSN Symantec SYMC. Track your investments automatically. Use of this site is subject to express Terms of ServicePrivacy Policyand Disclaimer. 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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. About Blog Press Feedback Help Get involved. Technology Energy Media Finance Green Issues China All Concepts. Metals Energy Meats Grains Softs. Currencies Geographies Exchanges Rates. How To Invest Personal Finance Options Definitions. Mar 30, 8-K. Oct 24, DEF 14A. Apr 6, RELATED TOPICS for Q: Codes Conduct Meetings Committees Election Directors Entry Material Definitive Agreement Restricted Stock Awards Richard Notebaert Oren Shaffer VIEW MORE "Director Compensation" elsewhere:
Issuing Equity to Employees: Stock Options and Restricted Stock for Founders and Employees
Issuing Equity to Employees: Stock Options and Restricted Stock for Founders and Employees
For example an excellent carpenter with average sills in other areas might want to build a house.
Your Committee recommends that appropriations from the General.