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Quotes & Info
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| UCFC > SEC Filings for UCFC > Form 8-K on 13-May-2009 | All Recent SEC Filings |
13-May-2009
Change in Directors or Principal Officers
(e) On May 8, 2009, the Compensation Committee and Board of Directors of United Community Financial Corp. approved the award of options to acquire UCFC shares to UCFC's directors and certain employees under the UCFC 1999 Long-Term Incentive Plan. Each of the option awards vest in three equal installments on each of December 31, 2009, December 31, 2010 and December 31, 2011. Each option has an exercise price of $1.90 per share and is subject to the terms and conditions of the 1999 Plan. All options awarded to employees were incentive stock options, while the options awarded to directors were nonqualified stock options. Each of the directors received 4,000 options. Douglas M. McKay and Patrick W. Bevack each received 30,000 options, and James R. Reske received 20,000 options. A copy of the 1999 Plan is attached as Exhibit 10.8 to the Form 10-K for the year ended December 31, 2008, and a copy of the form of Award Agreement is attached as Exhibit 10.3 to the Form 10-Q for the quarter ended March 31, 2009; each of which is incorporated herein by reference.
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