Exhibit 99.1
Cash and Equity Performance Awards for 2005
Approved February 14, 2006 by the Board of Directors of Charles & Colvard, Ltd.
Executive | Cash | Stock Options | |||
Robert Thomas | $ | 203,095 | 26,250 | ||
James Braun | $ | 143,620 | 21,500 | ||
Dennis Reed | $ | 141,521 | 25,750 | ||
Earl Hines | $ | 115,277 | 15,750 |
In addition, the Board of Directors approved cash bonuses and equity awards for additional management employees totaling $171,020 in cash and covering an aggregate of 15,750 shares of the Company’s common stock.