Replies to post #231134 on ERHC Energy Inc (ERHE)

[farrell90]

ERHC stock option and employee compensation plan.

2008:

http://freerealtime.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=6366251-305775-339863&SessionID=4GQaWWffLuUj447

2004:

Securities Authorized for Issuance Under Equity Compensation Plans
In November 2004, the Board of Directors adopted a 2004 Compensatory Stock Option Plan pursuant to which it reserved
20,000,000 shares for issuance. This plan was approved at a special meeting of the stockholders of the Company in February
2005. Under this plan, 7,576,756 shares have been issued.
Plan Category
Number of
securities to
be
issued upon
exercise of
outstanding
options,
warrants and
rights
Weightedaverage
exercise
price of
outstanding
options,
warrants and
rights
Number of
securities
remaining
available for
future
issuance
under
equity
compensation
plans
(excluding
securities
reflected in
column (a))
(a) (b) (c)
Equity compensation plans approved by security holders 1,000,000 $ 0.43 11,423,244
Equity compensation plans not approved by security holders - - -
Compensation Committee Interlocks Insider Participation
The Company’s Compensation Committee is comprised Messrs. Jeter, Uzoigwe and Nwizubo. None of the members of the
Compensation Committee has been or is an officer or employee of the Company, or is involved with a related transaction or a
relationship as defined by Item 404 of Regulation S-K. None of the Company’s Executive Officers serves on the Board of
Directors or compensation committee of a company that has an Executive Officer that serves on the Company’s Board or
Compensation Committee. No member of the Company’s Board is an Executive Officer of a company in which one of the
Company’s Executive Officers serves as a member of the Board of Directors or compensation committee of that company.
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