ATVI » Topics » Domestic Purchase Plan

This excerpt taken from the ATVI DEF 14A filed Jul 29, 2005.

Domestic Purchase Plan

The Domestic Purchase Plan shall continue until the earlier to occur of (i) termination by the Board, (ii) issuance of all of the shares of common stock reserved for issuance under the Domestic Purchase Plan, or (iii) ten (10) years from the adoption of the Domestic Purchase Plan by the Board. The Board may at any time amend or terminate the Domestic Purchase Plan, except that any such termination cannot affect options previously granted under the Domestic Purchase Plan, nor may any amendment make any change in an option previously granted which would adversely affect the right of any participant (without the prior consent of such participant), nor may any amendment be made without approval of the Stockholders of the Company if such amendment would:

    a.
    Increase the number of shares that may be issued under the Domestic Purchase Plan;

    b.
    Change the designation of the employees (or class of employees) eligible for participation in the Domestic Purchase Plan; or

    c.
    Constitute an amendment for which stockholder approval is required in order to comply with Rule 16b-3 (or any successor rule) under the Exchange Act.

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