ATVI » Topics » SECTION 16. EQUAL RIGHTS AND PRIVILEGES.

This excerpt taken from the ATVI 8-K filed Oct 23, 2006.

SECTION 16.       EQUAL RIGHTS AND PRIVILEGES.

All Eligible Employees shall have equal rights and privileges with respect to the Plan so that the Plan qualifies as an “employee stock purchase plan” within the meaning of Section 423 or any successor provision of the Code and the related regulations.  Any provision of the Plan which is inconsistent with Section 423 or any successor provision of the Code shall without further act or amendment by the Company or the Board be reformed to comply with the requirements of Section 423.  This Section 16 shall take precedence over all other provisions in the Plan.

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