Tekelec Grants Equity Incentives to New Employees

Follow us on Twitter

Tekelec (NASDAQ: TKLC), a leading developer of high-performance network applications for next-generation fixed, mobile and packet networks, announced that on October 2, 2007, the Company awarded a total of 12,000 restricted stock units ("RSUs") to four employees who had commenced their employment with the Company between September 4, 2007 and the award date.

The awards were made under Tekelec's Amended and Restated 2004 Equity Incentive Plan for New Employees in reliance on the "employment inducement" exception to the NASDAQ rules requiring shareholder approval of equity-based incentive plans. The RSUs vest in installments over four years.-Tekelec (

harminka's picture

Posted October 5th, 2007 by harminka

Receive HULIQ News in Email:

Subscribe in a reader