Smart Balance Reports Granting of Inducement Awards
October 01 2012 - 7:30AM
PR Newswire (US)
PARAMUS, N.J., Oct. 1, 2012 /PRNewswire/ -- Smart Balance, Inc.
(NasdaqGM: SMBL) reported today that it has granted inducement
awards to two new non-executive employees. The awards were
made on each of September 24, 2012
and September 27, 2012 under the
Smart Balance, Inc. 2012 Inducement Award Plan, which provides for
the granting of stock option awards to new employees as an
inducement to join the company. The inducement awards consist
of a total of 32,500 options for shares of Smart Balance common
stock in the aggregate granted to two non-executive employees. The
options have a 10-year term and an exercise price equal to the fair
market value of Company common stock on the date of grant.
The options vest in four equal annual installments beginning
on the one-year anniversary of their grant dates.
About Smart Balance, Inc.
Smart Balance, Inc. (NasdaqGM: SMBL) is committed to
providing superior tasting, solution-driven products in every
category it enters. The company's health and wellness
platform consists of brands that target specific consumer
needs: Glutino and Udi's for gluten-free diets; Earth Balance
for plant-based diets; Smart Balance for heart healthier diets; and
Bestlife for weight management. For more information about
Smart Balance, Inc., please visit www.smartbalance.com.
SOURCE Smart Balance, Inc.
Copyright 2012 PR Newswire
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