39 We have the following stock-based compensation plans:  K. STOCK-BASED COMPENSATION Letters of Credit and Bonds We have a Restricted Stock Plan for the benefit of members of the  Board of Directors of the Company (the Board) who, at the time  of their service, are not employees of the Company or any of its  affiliates. Subject to certain conditions and restrictions as determined  by the Compensation Committee of the Board and proportionate  adjustments in the event of stock dividends, stock splits and similar  corporate transactions, each eligible director will receive 2,000  shares of restricted stock annually. In January 2013, 500 shares of  restricted stock were issued to a newly appointed director at a price  of $42.54 per share. In February 2013, 16,000 shares of restricted  stock were issued to such directors at a price of $58.54 per share.  In Fiscal 2012, 16,000 shares of restricted stock were issued to such  directors at a price of $37.50 per share. The maximum aggregate  number of shares of stock that may be issued under the Restricted  Stock Plan is 150,000 and consists of authorized but unissued  or reacquired shares of stock, or any combination thereof. The  restricted stock grants vest 50% per year over a two-year period on  each anniversary of the grant date. Unless terminated by the Board,  the Restricted Stock Plan will terminate at the close of business on  December 16, 2014, and no further grants shall be made under  the plan after such date. Awards granted before such date shall  continue to be subject to the terms and conditions of the plan and  the respective agreements pursuant to which they were granted. The  total number of shares of common stock available for future awards  under the plan was 16,379 shares as of September 30, 2013. We have an $8.1 million facility agreement (Facility Agreement)  between S&I and a large international bank. This Facility Agreement  provides S&I the ability to enter into various guarantees, such as  forward exchange contracts, currency options and performance  bonds. At September 30, 2013, we had outstanding guarantees  totaling $4.7 million under this Facility Agreement. Certain customers require us to post bank letter of credit  guarantees or performance bonds issued by a surety. These  guarantees and performance bonds assure that we will perform  under the terms of our contract. In the event of default, the  counterparty may demand payment from the bank under a letter  of credit or performance by the surety under a performance bond.  To date, there have been no significant expenses related to either  letters of credit or performance bonds for the periods reported.  We were contingently liable for secured and unsecured letters of  credit of $20.1 million as of September 30, 2013. We also had  performance and maintenance bonds totaling $283.4 million that  were outstanding, with additional bonding capacity of $116.7  million available, at September 30, 2013. The Facility Agreement provides for financial covenants and  customary events of default, and carries cross-default provisions  with our Amended Credit Facility. If an event of default (as defined  in the Facility Agreement) occurs and is continuing, per the terms  and subject to the conditions set forth in the Facility Agreement,  obligations outstanding under the Facility Agreement may be  accelerated and may become or be declared immediately due and  payable. As of September 30, 2013, we were in compliance with  all of the financial covenants of the Facility Agreement. The Facility  Agreement expires in July 2014. The 2000 Non-Employee Director Stock Option Plan, as amended,  previously had been adopted for the benefit of members of the  Board of Directors of the Company who, at the time of their service,  were not employees of the Company or any of its affiliates. Following  the adoption of the Restricted Stock Plan described above, the  Compensation Committee ceased the use of this plan in making  new grants to directors. The total number of shares of common  stock available for future awards under the plan was 33,117 shares  as of September 30, 2013. The 2006 Equity Compensation Plan (the 2006 Plan) grants any  employee of the Company and its subsidiaries the right to participate  in the plan and receive awards. Awards can take the form of  options, stock appreciation rights, stock awards and performance  unit awards. The maximum aggregate number of shares of stock  that may be issued under the 2006 Plan is 750,000 shares. The total  number of shares of common stock available under the plan was  435,711 shares as of September 30, 2013. In August 2012, 45,000 shares of restricted stock were issued  under the 2006 Plan to our new President and Chief Executive  Officer. These shares were issued at a price of $39.11 per share.  The restricted stock grant vests 33% per year over a three-year  period on each anniversary of the grant date. In March 2013, we settled a lawsuit we had filed against the previous  owners of Powell Canada in the amount of $1.7 million, which was  received in April 2013 and is recorded as gain on settlement in the  accompanying Consolidated Statement of Operations.  We are involved in various legal proceedings, claims and other  disputes arising in the ordinary course of business which, in general,  are subject to uncertainties and in which the outcomes are not  predictable. Although we can give no assurance about the outcome  of pending or threatened litigation and the effect such outcomes  may have on us, management believes that any ultimate liability  resulting from the outcome of such proceedings, to the extent not  otherwise provided or covered by insurance, will not have a material  adverse effect on our consolidated financial position or results of  operations or liquidity.  Litigation