Cablevision 2012 Annual Report Download - page 194

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-66
Defined Contribution Plans
The Company also maintains the Cablevision 401(k) Savings Plan, a contributory qualified defined
contribution plan for the benefit of non-union employees of the Company. Employees can contribute a
percentage of eligible annual compensation and the Company will make a matching cash contribution or
discretionary contribution, as defined in the plan. In addition, the Company maintains an unfunded non-
qualified excess savings plan for which the Company provides a matching contribution similar to the
Cablevision 401(k) Savings Plan. The cost associated with these plans was $25,607, $23,011 and
$23,395 for the years ended December 31, 2012, 2011 and 2010, respectively.
NOTE 15. EQUITY AND LONG-TERM INCENTIVE PLANS
Cablevision's Equity Plans
In April 2006, Cablevision's Board of Directors approved the Cablevision Systems Corporation 2006
Employee Stock Plan and the Cablevision Systems Corporation 2006 Stock Plan for Non-Employee
Directors, which was approved by Cablevision's stockholders at its annual stockholders meeting on
May 18, 2006.
Under the 2006 Employee Stock Plan, Cablevision is authorized to grant incentive stock options,
nonqualified stock options, restricted shares, restricted stock units, stock appreciation rights and other
equity-based awards. Cablevision may grant awards for up to 46,000,000 shares of CNYG Class A
common stock (subject to certain adjustments). Options (including performance based options) and stock
appreciation rights under the 2006 Employee Stock Plan must be granted with an exercise price of not
less than the fair market value of a share of CNYG Class A common stock on the date of grant and must
expire no later than 10 years from the date of grant (or up to one additional year in the case of the death of
a holder). The terms and conditions of awards granted under the 2006 Employee Stock Plan, including
vesting and exercisability, are determined by the compensation committee of the Board of Directors and
may be based upon performance criteria.
Under the 2006 Stock Plan for Non-Employee Directors, Cablevision is authorized to grant nonqualified
stock options, restricted stock units and other equity-based awards. Cablevision may grant awards for up
to 1,000,000 shares of CNYG Class A common stock (subject to certain adjustments) under this plan.
Options under this plan must be granted with an exercise price of not less than the fair market value of a
share of CNYG Class A common stock on the date of grant and must expire no later than 10 years from
the date of grant (or up to one additional year in the case of the death of a holder). The terms and
conditions of awards granted under the 2006 Stock Plan for Non-Employee Directors, including vesting
and exercisability, are determined by the compensation committee. Unless otherwise provided in an
applicable award agreement, options granted under this plan will be fully vested and exercisable, and
restricted stock units granted under this plan will be fully vested, upon the date of grant. Unless otherwise
determined by the compensation committee, on the date of each annual meeting of Cablevision's
stockholders, each non-employee director will receive a number of restricted stock units for the number of
shares of common stock equal to $110 divided by the fair value of a share of CNYG Class A stock based
on the closing price on the date of grant. In 2012 and 2011, Cablevision granted its non-employee
directors an aggregate of 99,190 and 32,460 restricted stock units, respectively, which vested on the date
of grant. Total non-employee director restricted stock units outstanding as of December 31, 2012 were
335,016.