Indus International Approves Repricing of Stock Options.SAN FRANCISCO--(BUSINESS WIRE)--Dec. 11, 1998--Indus International (Nasdaq:IINT), announced today that its Board of Directors approved the repricing Repricing To change the price of an asset. In derivatives, it sometimes refers to the exchange of options of with different strike prices. repricing of all outstanding options held by employees other than the executive committee with an exercise price above the closing market price of the company's common stock on Dec. 14, 1998. The Board's decision reflects a continuing commitment by Indus to retain employees whose options have exercise prices above the current market price of the stock. The new exercise price will be determined based on the closing market price of the company's common stock on Dec. 14, 1998. Employees who accept the company's repricing offer will be subject to a six month black out period during which repriced options may not be exercised, or in the case of UK employees, a new three year vesting Vesting The process by which employees accrue non-forfeitable rights over employer contributions that are made to the employee's qualified retirement plan account. Notes: period. All other terms of the existing option will remain unchanged. There are approximately 4.3 million options eligible for repricing which represent approximately 14% of the company's issued and outstanding common stock. About Indus International Indus International is the largest provider of Enterprise Asset Management solutions in the world. The Indus Solution Series enables customers to achieve a competitive advantage through superior return on their enterprise assets, by improving ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). and core business efficiency in the Utilities and Energy Industry, Industrial/Manufacturing sectors, Consumer Packaged Goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one and the Public Sector. Headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , the Company provides software and services to over 300,000 users in more than 48 countries, directly through domestic solution centers in San Francisco, Atlanta, Pittsburgh and Dallas, with international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. in the United Kingdom, Canada, Australia, and France, and indirectly through strategic business partner relationships with Oracle and PeopleSoft. Visit our website at www.indusworld.com. |
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