Exhibit 99.1
Cash and Equity Performance Awards for 2004
Approved February 17, 2005 by the Board of Directors of Charles & Colvard, Ltd.
Executive | Cash | Stock Options | |||
Robert Thomas | $ | 40,000 | 50,000 | ||
James Braun | $ | 40,000 | 20,000 | ||
Dennis Reed | $ | 100,000 | 20,000 | ||
Earl Hines | $ | 10,000 | 5,000 |
In addition, the Board of Directors approved cash bonuses and equity awards for additional non-executive employees totaling $64,623.70 in cash and covering an aggregate of 37,500 shares of the Company’s common stock.