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v2.4.0.6
EQUITY INCENTIVE PLANS AND OTHER STOCK COMPENSATION
9 Months Ended
Mar. 31, 2012
EQUITY INCENTIVE PLANS AND OTHER STOCK COMPENSATION

NOTE 3– EQUITY INCENTIVE PLANS AND OTHER STOCK COMPENSATION

 

Restricted Share Units

 

Effective April 13, 2006, the Company’s shareholders approved the 2006 Equity Incentive Plan. Under terms of the 2006 Equity Incentive Plan, the Company may grant options, restricted share units and other stock-based awards to its management personnel as well as other individuals for up to 1.0 million shares of common stock. During the nine month period ended March 31, 2012, 16,500 restricted share units were issued under this plan.