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ATVI » Topics » Reload Option

These excerpts taken from the ATVI 10-K filed Jun 9, 2005.
Reload Option.  Add provision for reload feature for those key executives who qualify for such feature, as follows:  Upon exercise of the Option pursuant to clause (a), above, the Holder shall receive a new option (the “Reload Option”) to purchase at the option price equal to the Fair Market Value of the Shares on the date of Option exercise, all or any part of that number of Shares equal to (i) the number of Shares delivered to the Company by the holder, or withheld from Shares otherwise issuable to the holder upon exercise, in payment of the exercise price of the Option or the tax withholding obligations attributable thereto and/or (ii) that number of Shares with a then Fair Market Value equal to the amount of the withholding obligations paid in cash by the holder.  The Reload Option shall expire                                      unless extended or earlier terminated in accordance herewith.  [Reload Options shall fully vest immediately upon issuance.]  All other terms and conditions (other than the vesting schedule) of this Agreement and the Plan apply to the Reload Options.]

 

4.                                      

Reload Option.  Add provision for reload feature for those key executives who qualify for such feature, as follows:  Upon exercise of the Option pursuant to clause (a), above, the Holder shall receive a new option (the “Reload Option”) to purchase at the option price equal to the Fair Market Value of the Shares on the date of Option exercise, all or any part of that number of Shares equal to (i) the number of Shares delivered to the Company by the holder, or withheld from Shares otherwise issuable to the holder upon exercise, in payment of the exercise price of the Option or the tax withholding obligations attributable thereto and/or (ii) that number of Shares with a then Fair Market Value equal to the amount of the withholding obligations paid in cash by the holder.  The Reload Option shall expire                                              unless extended or earlier terminated in accordance herewith.  [Reload Options shall fully vest immediately upon issuance.]  All other terms and conditions (other than the vesting schedule) of this Agreement and the Plan apply to the Reload Options.]

 

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EXCERPTS ON THIS PAGE:

10-K (2 sections)
Jun 9, 2005

RELATED TOPICS for ATVI:

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