RE: Artie...Listen Again To What I Say.......So if you were stations in Edmonton and were deployed to Japan would the army pay you 2 salaries?
Would they give you $492 000 to your Edmonton bank account and $492 000 to your Japanese bank account? Because if you spent more time actually understand compensation you would understand they pull $492000 from each bank account
Here is YNG
110
Name and
Principal
Position |
Year |
Salary
($) |
Share
Based
Awards
($) |
Option
Based
Awards
$ | Non-Equity Incentive
Plan Compensation
$
|
Penson
Value
($) |
All other
conmpens
ation ($) |
Total
Compen-
sation ($) |
Annual
Incentive
Plans | Long-
Term
Incentive
Plans |
Robert Baldock
President and
CEO (1) | 2009
| $184,110
| Nil
| 199,844
| Nil
| Nil
| Nil
| $42,959
| 426,913
|
Graham
Dickson, COO (2) | 2009
| $280,000
| Nil
| 199,844
| Nil
| Nil
| Nil
| Nil
| 479,844
|
Shaun Heinrichs,
CFO | 2009
| $182,603
| Nil
| 99,922
| Nil
| Nil
| Nil
| Nil
| 282,525
|
| (1) | President and Chief Executive Officer commencing May 21, 2009. |
| (2) | President and Chief Executive Officer until May 21, 2009 and Chief Operating Officer commencing May 21, 2009. |
Outstanding Share-based Awards and Option-based Awards
The following table sets out all share-based awards andoption-based awards outstanding as at December 31, 2009, for ExecutiveOfficers:
| | Option-based Awards | Share-based Awards |
Name | Number of
securities
underlying
unexercised
options
(#) |
Option
exercise
price1
($) |
Option
expiration date |
Value of
unexercised
in-the-money
options2
($) |
Number of
shares or units
of shares that
have not vested
(#) | Market or
payout value of
share-based
awards that
have not vested
($) |
| Robert Baldock | 4,000,000 |
.15 | July 26, 2014 | 455,000 | 3,000,000 | 256,942 |
Graham Dickson
| 4,000,000
1,000,000
600,000 |
.15
$1.74
$2.77 | July 26, 2014
August 10, 2012
January 5, 2012 | 455,000
N/A
N/A | 3,000,000
| 256,942
|
Shaun Heinrichs
| 2,000,000
200,000 |
.15
$1.60 | July 26, 2014
March 28, 2013 | 227,500
N/A | 1,500,000
| 128,471
|
| 1 | The fair value of the options as determined by the Black-Scholes pricing model was $1,141,968 (December 31, 2008 -$nil) of which the amount that had vested was expensed. The weighted average fair value of the options was
.1142 (December 31, 2008 - $nil) per option. |
| | |
| 2 | “In-the-money” means the excess of the market value of the common shares of the Company on December 31, 2009 (
.215) over the base price of the options. |
Incentive Plan Awards – Value Vested or Earned During theYear
The following table sets out all incentive plans (value vestedor earned) during the year ended December 31, 2009, for each ExecutiveOfficer:
Name | Option-based awards –
Value vested during the
year (1)
($) | Share-based awards –
Value vested during the
year
($) | Non-equity incentive plan
compensation – Value earned
during the year
($) |
| Robert Baldock | $199,844 | Nil | Nil |
| Graham Dickson | $199,844 | Nil | Nil |
| Shaun Heinrichs | $99,922 | Nil | Nil |
111
Director Compensation Table
Each of our Directors is paid an annual retainer of C$12,000,to be paid quarterly and receive C$750 for each meeting of directors attended,with the Chairman of a meeting receiving C$1,000 per meeting.
The compensation provided to our directors, for our most recentlycompleted financial year of December 31, 2009 is:
Name |
Fees earned
($) 1 | Share-
based
Awards
($) | Option-
based
awards
($) 2 | Non-equity
incentive plan
compensation
($) |
Pension
value
($) | All other
compen-
sation3
($) |
Total
($) |
| Terry Eisenman | $2,250 | Nil | 199,844 | Nil | Nil | Nil | $202,094 |
| Jean-Edgar de Trentinian | $5,250 | Nil | 57,098 | Nil | Nil | Nil | $62,348 |
| John Fox | $4,500 | Nil | 57,098 | Nil | Nil | Nil | $61,598 |
| Robert Chafee | $8,250 | Nil | 57,098 | Nil | Nil | Nil | $65,348 |
| Simon Solomonidis | $6,750 | Nil | 57,098 | Nil | Nil | Nil | $63,848 |
| 1 | Includes all fees awarded, earned, paid or payable in cash for services as a director, including annual retainer fees, committee, chair and meeting fees. |
| 2 | The amount represents the fair value, on the date of grant, of awards made under the Company’s Stock Option Plan. |
| 3 | Includes all compensation paid, payable, awarded, granted, given or otherwise provided, directly or indirectly. |
The following table sets out all share-based awards and option-basedawards outstanding as at December 31, 2009, for each director of the Company:
| | Option-based Awards | Share-based Awards |
| Name | Number of
securities
underlying
unexercised
options
(#) | Option
exercise
price 1
($) | Option expiration
date | Value of
unexercised
in-the-
money
options
($) | Number of
shares or units
of shares that
have not vested
(#) | Market or payout
value of share-based
awards that have
not vested
($) |
| Robert Baldock | 4,000,000 |
.15 | July 26, 2014 | Nil | Nil | Nil |
Graham Dickson
| 4,000,000
1,000,000
600,000 |
.15
$1.74
$2.77 | July 26, 2014
August 10, 2012
January 5, 2012 | Nil
| Nil
| Nil
|
Terry Eisenman
| 4,000,000
100,000
30,000
100,000 |
.15
$1.63
$1.61
.82 | July 26, 2014
June 25, 2012
April 2, 2012
January 26, 2011 | Nil
| Nil
| Nil
|
| JE de Trentinian | 1,000,000 |
.15 | July 26, 2014 | Nil | Nil | Nil |
John Fox
| 500,000
200,000
50,000
250,000 |
.15
$1.74
$2.77
.60 | July 26, 2014
August 10, 2012
January 5, 2012
April 14, 2010 | Nil
| Nil
| Nil
|
Robert Chafee
| 500,000
200,000
50,000
250,000 |
.15
$1.74
$2.77
.60 | July 26, 2014
August 10, 2012
January 5, 2012
October 1, 2010 | Nil
| Nil
| Nil
|
| Simon Solomonidis | 500,000 |
.15 | July 26, 2014 | Nil | Nil | Nil |
| 1 | The fair value of the options issued as determined by the Black-Scholes pricing model was $1,084,869 of which the vested amount was expensed. The weighted average fair value of the options was
.571 per option. |
The following table sets out all incentive plan (value vestedor earned) during the year ended December 31, 2009, for each director of theCompany:
112
Name | Option-based awards –
Value vested during the
year
($) | Share-based awards –
Value
vested during the year
($) | Non-equity incentive plan
compensation – Value earned
during the year
($) |
| Robert Baldock | 199,842 | N/A | Nil |
| Graham Dickson | 199,842 | N/A | Nil |
| Terry Eisenman | 199,842 | N/A | Nil |
| Jean-Edgar de Trentinian | 65,000 | N/A | Nil |
| John Fox | 32,500 | N/A | Nil |
| Robert Chafee | 32,500 | N/A | Nil |
| Simon Solomonidis | 32,500 | N/A | Nil |
We do not have any long-term incentive, retirement, pensionplan or other arrangement for non-cash compensation to our Directors, exceptincentive stock options.
Stock Option Plan
The only equity compensation plan which we have in place is anEvergreen Incentive Stock Option Plan (the “Plan”) which was approved by ourshareholders on May 18, 2007. The Plan has been established to provideincentives to qualified parties to increase their proprietary interest in us andthereby encourage their continuing association with us. The Plan is administeredby our directors and provides that options will be issued to our directors,officers, employees and consultants. The Plan provides that the number of commonshares issuable under the Plan, together with all of our other previouslyestablished or proposed share compensation arrangements, may not exceed 10% ofour total number of issued and outstanding Common Shares.
The following table sets out equity compensation planinformation as at the end of the financial year ended December 31, 2009.
Plan Category |
Number of securities to
be issued upon exercise
of outstanding options,
warrants and rights |
Weighted-average
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)) |
Equity compensation plans
approved by securityholders | 25,400,000
|
.40
| 26,059,689
|
Equity compensation plans not
approved by securityholders | Nil
| N/A
| Nil
|
| Total | 25,400,000 |
.40 | 26,059,689 |
C.Board practices.