IATV - ACTV Interactive Television Message Board

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Microcap & Penny Stocks : IATV - ACTV Interactive Television

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To: Mike Fredericks who wrote (4609)	6/16/1999 10:39:00 AM
From: StaggerLee	of 4748

Mike, you're thinking of Samuel's market cap-based bonus plan, not the employee SARS plan. I know it's hard to keep it all straight, with so many different management compensation plans out there. Samuels gets a bonus equal to 2% of the increase in market cap over the highest base upon which a bonus has been paid. This bonus plan is separate from the SARS plan. This could be called the "Samuels Boondoggle Bonus Plan." (You could probably add "bogus" in there but that would be too many B's.) SARS participants need to exercise their rights to lock in the payment amount. Until they exercise, the obligation fluctuates and ACTV marks the SARS to market at the end of each quarter. So, if the stock price drops, the value of the SARS also drop, and ACTV will take the liability off of the balance sheet.

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