Thursday, July 25, 2013 2:20:51 PM
On July 18, 2013, the Board of Directors (the “Board”) of CVSL Inc. (the “Company”) adopted a bonus plan for directors [my emphasis] (the “Plan”). Under the Plan, directors of the Company may receive awards of units (“Units”) that constitute stock appreciation rights with respect to the Company’s common stock.
This program is for directors. Nowhere in the PR or the actual document does it say anything about employees.
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