Pursuant to the policy, as revised in February 2009,
at each
annual meeting of our stockholders, provided that the director has served
on the
Board for
at least six months prior to the
annual meeting, a non-employee director would be granted RSUs having a value equal to $ 225,000 divided by the lesser of (i) the trailing average closing trading prices of our common stock for the 180 - day period preceding and ending with the date of the RSU grant or (ii) such number of RSUs as the
Board may determine
based on additional criteria such as business conditions and / or company performance, outside director compensation practices
at peer companies and advice from outside compensation consultants.
☐ Is overseen by an elected school
board ☐ Submits to a financial audit
on a regular
basis ☐ Follows state class - size mandates ☐ Adheres to health, safety, and civil rights laws ☐ Teaches a curriculum aligned to state standards ☐ Is a brick - and - mortar school (not an online one) ☐ Doesn't teach religion ☐ Is in session
at least six hours a day, 180 days a year ☐ Follows state teacher - pay guidelines ☐ Participates in
annual assessments ☐ Has
at least one librarian, nurse, and counselor ☐ Does not practice selective admissions ☐ Demonstrates
at least minimal growth in student achievement ☐ Employs unionized teachers ☐ Keeps student suspensions to a minimal level