April 25, 2004
KSI established a stock appreciation rights (SAR) plan.
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This document outlines management incentive plans and employment agreements for Knowledge Learning Corporation (KLC), Knowledge Universe Education (KUE), and Knowledge Schools, Inc. (KSI). It details a Long Term Incentive Plan established in 2005, a Stock Appreciation Rights plan established in 2004 involving a $7.8 million payout to a departing CEO, and specific stock option grants to Les Biller and Stephen Goldsmith. It also notes an employment agreement with Elanna Yalow.
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