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ATVI » Topics » SECTION 8. PLAN ACCOUNTS AND PURCHASE OF SHARES.

These excerpts taken from the ATVI 8-K filed Oct 23, 2006.

SECTION 8.         PLAN ACCOUNTS AND PURCHASE OF SHARES.

(a)           Plan Accounts.  The Company shall maintain an account on its books in the name of each Participant (a “Plan Account”).  All payroll deductions made for a Participant are credited to his or her Plan Account under the Plan and are deposited with the general funds of the Company; no interest shall accrue on the payroll deductions.  All payroll deductions received or held by the Company may be used by the Company for any corporate purpose, and the Company shall not be obligated to segregate such payroll deductions.  A Participant may not make any separate cash payment into his or her payroll deduction Plan Account and payment for shares purchased under the Plan may not be made in any form other than by payroll deduction.

SECTION 8.         PLAN ACCOUNTS AND PURCHASE OF SHARES.

(a)           Plan Accounts.  The Company shall maintain an account on its books in the name of each Participant (a “Plan Account”).  All payroll deductions made for a Participant and all Alternative Payments are credited to his or her Plan Account under the Plan and are deposited with the general funds of the Company; no interest shall accrue on the payroll deductions or Alternative Payments.  All payroll deductions and Alternative Payments received or held by the Company may be used by the Company for any corporate purpose, and the Company shall not be obligated to segregate such payroll deductions or Alternative Payments.

EXCERPTS ON THIS PAGE:

8-K (2 sections)
Oct 23, 2006

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