ATVI » Topics » Schedule for Lapse of Restrictions

These excerpts taken from the ATVI 10-K filed Feb 27, 2009.
Schedule for Lapse of Restrictions[INSERT VESTING SCHEDULE]

 

·                  Please sign and return to the Company this Notice of Restricted Share Award, which bears an original signature on behalf of the Company.  You are urged to do so promptly.

 



 

·                  If you wish to make an election to include the value of the Restricted Shares in your taxable income for the current calendar year, you must complete and sign the Section 83(b) Election Form attached hereto as Exhibit B and both (1) file a copy of it with the Internal Revenue Service Center at which you file your federal income tax return and (2) return a copy of it to the Company, in each case no later than the 30th day after the Date of Grant.

 

·                  Please return all items to be returned to the Company to:

 

Activision Blizzard, Inc.
3100 Ocean Park Boulevard
Santa Monica, CA 90405
Attn:  Stock Plan Administration

 

You should retain (1) the enclosed duplicate copy of this Notice of Restricted Share Award for your records and (2) if applicable, two copies of your completed Section 83(b) Election Form, (a) one copy of which should be filed with the Internal Revenue Service Center at which you file your federal income tax return no later than 30th day after the Date of Grant as described above and (b) one copy of which should be submitted with your federal income tax return for the current calendar year.

 

Any capitalized term used but not otherwise defined herein shall have the meaning ascribed to such term in the Award Terms.

 

 

 

ACTIVISION BLIZZARD, INC.

 

 

 

 

 

 

 

 

 

 

 

Ann E. Weiser

 

 

Chief Human Resources Officer

 

 

 

 

 

Date:

 

 

 

 

ACCEPTED AND AGREED:

 

 

 

 

 

 

 

 

[Name of Grantee]

 

 

 

 

 

Date:

 

 

 

 

2



 

Schedule for Lapse of Restrictions

 

Date on which
Restrictions Lapse

 

Number of Shares
as to which Restrictions Lapse

First anniversary of [               ]

 

[________________________]

Second anniversary of [               ]

 

[________________________]

Third anniversary of [               ]

 

[________________________]

[Fourth anniversary of [               ]]

 

[________________________]

[Fifth anniversary of [               ]]

 

[________________________]

 



 

Unless the Company decides otherwise, in the event that Taxpayer’s employment is terminated for any reason, as of the date of such termination of employment the restrictions will cease to lapse and all restricted property will immediately be forfeited to the Company without payment of consideration by the Company.

 

Schedule
for Lapse of Restrictions

[INSERT VESTING SCHEDULE]



 



·                  Please sign and return to the
Company this Notice of Restricted Share Award, which bears an original
signature on behalf of the Company.  You
are urged to do so promptly.



 
















 



·                  If you wish to make an election to
include the value of the Restricted Shares in your taxable income for the
current calendar year, you must complete and sign the Section 83(b) Election
Form attached hereto as Exhibit B and both (1) file a
copy of it with the Internal Revenue Service Center at which you file your
federal income tax return and (2) return a copy of it to the Company, in
each case no later than the 30th day after the
Date of Grant
.



 



·                  Please return all items to be
returned to the Company to
:



 



Activision Blizzard, Inc.

3100 Ocean Park Boulevard

Santa Monica, CA 90405

Attn:  Stock Plan Administration



 



You
should retain (1) the enclosed duplicate copy of this Notice of Restricted
Share Award for your records and (2) if applicable, two copies of your
completed Section 83(b) Election Form, (a) one copy of which
should be filed with the Internal Revenue Service Center at which you file your
federal income tax return no later than 30
th day after the Date of Grant as described above
and (b) one copy of which should be submitted with your federal income tax
return for the current calendar year.



 



Any capitalized term used but not otherwise defined herein shall have
the meaning ascribed to such term in the Award Terms.



 

























































































 



 



ACTIVISION
BLIZZARD, INC.



 



 



 



 



 



 



 



 



 



 



 



Ann E. Weiser



 



 



Chief Human Resources
Officer



 



 



 



 



 



Date:



 



 



 



 



ACCEPTED AND AGREED:



 



 



 



 



 



 



 



 



[Name of Grantee]



 



 



 



 



 



Date:



 



 



 




 



2
















 



EXHIBIT
A



 



AMENDED AND RESTATED ACTIVISION
BLIZZARD, INC.



 



2008 INCENTIVE PLAN



 



Schedule
for Lapse of Restrictions



 



































Date on
which

Restrictions Lapse



 



Number
of Shares

as to which Restrictions Lapse



First anniversary of [               ]



 



[________________________]



Second anniversary of [               ]



 



[________________________]



Third anniversary of [               ]



 



[________________________]



[Fourth
anniversary of
[               ]]



 



[________________________]



[Fifth
anniversary of
[               ]]



 



[________________________]




 
















 



Unless
the Company decides otherwise, in the event that Taxpayer’s employment is
terminated for any reason, as of the date of such termination of employment the
restrictions will cease to lapse and all restricted property will immediately
be forfeited to the Company without payment of consideration by the Company.



 



This excerpt taken from the ATVI 10-Q filed Nov 10, 2008.

Schedule for Lapse of Restrictions

 

Date on which
Restrictions Lapse

 

Number of Shares
as to which Restrictions Lapse

 

First anniversary of Date of Grant

 

[                                                    

]

Second anniversary of Date of Grant

 

[                                                    

]

Third anniversary of Date of Grant

 

[                                                    

]

[Fourth anniversary of Date of Grant]

 

[                                                    

]

[Fifth anniversary of Date of Grant]

 

[                                                    

]

 



 

Unless the Company decides otherwise, in the event that Taxpayer’s employment is terminated for any reason, as of the date of such termination of employment the restrictions will cease to lapse and all restricted property will immediately be forfeited to the Company without payment of consideration by the Company.

 

This excerpt taken from the ATVI 10-Q filed Feb 11, 2008.

Schedule for Lapse of Restrictions

 

Date on which
Restrictions Lapse

 

Number of Shares
as to which Restrictions Lapse

 

 

 

 

 

First anniversary of Date of Grant

 

[                                 ]

 

Second anniversary of Date of Grant

 

[                                 ]

 

Third anniversary of Date of Grant

 

[                                 ]

 

[Fourth anniversary of Date of Grant]

 

[                                 ]

 

[Fifth anniversary of Date of Grant]

 

[                                 ]

 

 



 

Unless the Company decides otherwise, in the event that Taxpayer’s employment is terminated for any reason, as of the date of such termination of employment the restrictions will cease to lapse and all restricted property will immediately be forfeited to the Company without payment of consideration by the Company.

 

These excerpts taken from the ATVI 10-Q filed Nov 7, 2007.
Schedule for Lapse of Restrictions:  Except as otherwise provided under the Award Terms, the Restrictions on the Restricted Shares awarded to you will lapse in full on the third anniversary of the Date of Grant, provided you remain continuously employed by the Company or one of its subsidiaries or affiliates through such date.  Notwithstanding the foregoing, the Restrictions on the following number of the Restricted Shares awarded to you will lapse on a date established by the Committee upon its determination that the corresponding event has occurred (which will in no case be more than five business days after such determination), provided you remain continuously employed by the Company or one of its subsidiaries or affiliates through such date:

 



 

Number of Restricted Shares as to which Restrictions Lapse

 

Event Causing
Restrictions to Lapse

 

 

 

 

 

2,917

 

Achievement of performance objectives for the Company’s 2007 fiscal year as established by the Committee on or prior to the 90th day of such fiscal year.

 

 

 

 

 

2,917

 

Achievement of performance objectives for the Company’s 2008 fiscal year as established by the Committee on or prior to the 90th day of such fiscal year.

 

 

                 

Schedule for Lapse of Restrictions:  Except as otherwise provided under the Award Terms, the Restrictions on the Restricted Shares awarded to you will lapse as follows, provided you remain continuously employed by the Company or one of its subsidiaries or affiliates through each such date:

Schedule for Lapse of Restrictions

Date on which

 

No. of Restricted Shares

Restrictions Lapse

 

as to which Restrictions Lapse

First anniversary of Date of Grant

 

7,778

Second anniversary of Date of Grant

 

7,778

Third anniversary of Date of Grant

 

7,777

 

 



 

                 

Schedule for Lapse of Restrictions:  Except as otherwise provided under the Award Terms, the Option awarded to you will vest and become exercisable in full on the third anniversary of the Date of Grant, provided you remain continuously employed by the Company or one of its subsidiaries or affiliates through such date.  Notwithstanding the foregoing, the Option awarded to you will vest with respect to the following number of the Shares on a date established by the Committee upon its determination that the corresponding event has occurred (which will in no case be more than five business days after such determination), provided you remain continuously employed by the Company or one of its subsidiaries or affiliates through such date:

 



 

No. of Shares
as to which the Option Vests

 

Event Causing Option to Vest

25,000

 

Achievement of performance objectives for the Company’s 2007 fiscal year as established by the Committee on or prior to the 90th day of such fiscal year.

 

 

 

25,000

 

Achievement of performance objectives for the Company’s 2008 fiscal year as established by the Committee on or prior to the 90th day of such fiscal year.

                  The Option is not intended to be an “incentive stock option,” as such term is defined in Section 422 of the Code.

                 

This excerpt taken from the ATVI 10-K filed Jun 14, 2007.

Schedule for Lapse of Restrictions

Date on which

 

Number of Shares

 

Restrictions Lapse

 

as to which Restrictions Lapse

 

First anniversary of Date of Grant

 

[

 

]

 

Second anniversary of Date of Grant

 

[

 

]

 

Third anniversary of Date of Grant

 

[

 

]

 

[Fourth anniversary of Date of Grant]

 

[

 

]

 

[Fifth anniversary of Date of Grant]

 

[

 

]

 

 

Unless the Company decides otherwise, in the event that Taxpayer’s employment is terminated for any reason, as of the date of such termination of employment the restrictions will




cease to lapse and all restricted property will immediately be forfeited to the Company without payment of consideration by the Company.

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