Activision Blizzard (ATVI)

Effect on Existing Equity Incentive Plans

        Pursuant to the terms of the 2007 Plan, the Company no longer makes awards under the following incentive plans (together with the 2007 Plan, the "Prior Plans"), although each remains in effect and continues to govern outstanding awards thereunder:

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Activision, Inc. 1998 Incentive Plan, as amended (the "1998 Plan");



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Activision, Inc. 1999 Incentive Plan, as amended (the "1999 Plan");



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Activision, Inc. 2001 Incentive Plan, as amended (the "2001 Plan");



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Activision, Inc. 2002 Incentive Plan, as amended (the "2002 Plan");



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Activision, Inc. 2002 Executive Incentive Plan, as amended (the "2002 Executive Plan");



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Activision, Inc. 2002 Studio Employee Retention Incentive Plan, as amended (the "2002 Studio Plan"); and



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Activision, Inc. 2003 Incentive Plan, as amended (the "2003 Plan").

If stockholders approve the 2008 Plan, the Company will cease to make awards under the 2007 Plan, although the 2007 Plan will remain in effect and continue to govern outstanding awards thereunder.

Effect on Existing Equity Incentive Plans

        If the 2007 Plan is approved by Stockholders, the Company will cease to make awards under the following equity incentive plans (collectively, the "Rolled-Up Plans"):

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Activision, Inc. 1998 Incentive Plan, as amended;



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Activision, Inc. 1999 Incentive Plan, as amended;



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Activision, Inc. 2001 Incentive Plan, as amended;



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Activision, Inc. 2002 Incentive Plan, as amended;



•

Activision, Inc. 2002 Executive Incentive Plan, as amended;



•

Activision, Inc. 2002 Studio Employee Retention Incentive Plan, as amended; and



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Activision, Inc. 2003 Incentive Plan, as amended.

        The Rolled Up Plans will remain in effect and continue to govern outstanding awards thereunder.

        Pursuant to its terms, the Company may no longer makes awards under the Activision, Inc. 1991 Stock Option and Stock Award Plan, as amended (the "1991 Plan"). The 1991 Plan remains in effect and continues to govern outstanding awards thereunder.

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        If the 2007 Plan is approved by Stockholders, all future equity awards will be granted under the 2007 Plan, and the Company will not make any new awards under the Rolled-Up Plans. Making future grants under only one plan will enable the Company to establish uniform guidelines for equity awards at all levels and is expected to significantly simplify administration of the Company's equity-based compensation programs.