Activision Blizzard (ATVI)

15.          Minimum Ownership Position

At all times during the term on or after the second anniversary of the Effective date, you shall own a number of shares of Activision’s common stock that have an “aggregate market value” which is at least equal to the greater of (a) one times your annual Base Salary set forth in Paragraph 2(a) or (b) ten percent (10%) of the total amount realized by you from all option exercises within two years of the Effective Date, determined for each option so exercised to be an amount equal to the Market Price of Activision’s shares on the applicable exercise date over the exercise price per share of such options.  For purposes of this Agreement, “aggregate market value” shall be the product of the Market Price and the total number of Activision’s shares owned by you as of the applicable date.  All Activision restricted stock grants to you shall be included for these purposes in the foregoing calculation.  Employer shall in good faith monitor such ownership position.  You also agree to comply with any additional reasonable stock ownership guidelines that may be adopted by the Board of Directors and apply to Employer’s senior executives.

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14.          Minimum Ownership Position

At all times during the term on or after the first anniversary of the Effective date, you shall make a good-faith effort to own a number of shares of Activision’s common stock that have an “aggregate market value” which is at least equal to one times your annual Base Salary as set forth in Paragraph 2(a). All Activision restricted stock grants to you shall be included for these purposes in the foregoing calculation.  Employer shall in good faith monitor such ownership position.  You also agree to comply with any additional reasonable stock ownership guidelines that may be adopted by the Board of Directors and apply to Employer’s senior executives.

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