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Article: Exide Technologies Announces Grants of Restricted Stock and Stock Options.
- Article from:
- Business Wire
- Article date:
- April 1, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LAWRENCEVILLE, N.J. -- Exide Technologies (NASDAQ: XIDE, www.exide.com), a global leader in stored electrical-energy solutions, confirmed today that, pursuant to the terms of the previously announced March 3, 2005 employment agreement with Gordon A. Ulsh, the Board of Directors approved the grant of restricted stock and stock options to Mr. Ulsh in connection with his commencement of employment as Exide's President and Chief Executive Officer effective April 2, 2005.
As an inducement to commence employment with Exide, Mr. Ulsh will be granted on April 2, or as soon as administratively possible thereafter, an option to purchase 80,000 shares of Exide's common ...