HAYWARD, Calif.-Certicom Corp.’s board of directors has approved a voluntary stock-option exchange program for employees.
“Going forward, we recognize that our employees are the single most vital asset to the growth of our company,” explained Rick Dalmazzi, Certicom’s president and chief executive officer. “It is appropriate that we acknowledge their central role in our future success, and provide incentives for them to share in the rewards of creating value.”
Under the new program, eligible employees will be able to exchange outstanding stock options for a lesser number of new options. A limited number of new option grants with six-month vesting and a limited exercise window will also be offered as an incentive to drive the company’s value.
