This excerpt taken from the ATVI 10-Q filed Nov 10, 2008.
. If you do not return the attached irrevocable stock power within sixty (60) days from the Date of Grant, this award shall be deemed forfeited. As such, promptly endorse and return the attached irrevocable stock power to the General Counsel at the following address:
Activision Blizzard, Inc.
3100 Ocean Park Boulevard
Santa Monica, CA 90405
Attn: Chief Legal Office
· If you wish to elect a designated beneficiary to whom shares of common stock otherwise due to you pursuant to the terms of this award shall be distributed in the event of your death prior to distribution, please complete and return to the General Counsel along with your irrevocable stock power the beneficiary designation form attached hereto as Exhibit C.
(1) Amount equal to $2,000,000 divided by the closing price of ATVI stock as reported on closing on NASDAQ on June 15, 2005, as adjusted for each split of the Common Stock occurring between that date and the Consummation Date.