Based on the authorization given to it by the shareholders’ meetings, the Group’s Board of Directors approved stock option plans in 2006, 2005, 2004, 2003, 2002, 2001 and 2000. These plans provide to the members of the Executive Committee as well as to the Group’s senior management the grant of options for the purchase of EADS shares.
At its 18th December 2006 meeting, the Board of Directors of the Company, using the authorisation given to it by the shareholders' meeting of 4th May 2006 approved the granting of performance shares and restricted shares to eligible employees of the Company.
For the 2006 Stock Option Plan, analogous to all of EADS’ previous existing stock option plans, the granted exercise price was exceeding the share price at grant date.
At its 7th December 2007 meeting, the Board of Directors of the Company approved the granting of performance units and restricted units in the Company. The grant of so called "units" will not physically be settled in shares but represents a cash settled plan in accordance with IFRS 2.
Status: Dec. 2007
