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Document Preview Directors' Stock Award Plan [2003] |
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Title: |
Directors' Stock Award Plan [2003] |
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Date: |
2004 |
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Size: |
Preview shows 1KB of 17KB total |
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Price: |
$36 |
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ID: |
#397297 |
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SEQUA CORPORATION |
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2003 DIRECTORS' STOCK AWARD PLAN |
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1. PURPOSE |
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The purpose of the 2003 Directors' Stock Award Plan (the "Plan") is to encourage and enable members of the Board of Directors of Sequa Corporation (the "Company") who are not employed by the Company or any of its subsidiaries or affiliates ("Eligible Directors") to acquire a proprietary interest, or increase an existing interest, in the Company through ownership of common stock of the Company. Such ownership will provide such Eligible Directors with a more direct stake in the future welfare of the Company and encourage them to remain with the Company. |
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2. ADMINISTRATION OF THE PLAN |
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(a) The Plan shall be administered by the Board of Directors of the Company (the "Board"). |
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