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ATVI » Topics » Share Appreciation Rights

This excerpt taken from the ATVI DEF 14A filed Jul 29, 2005.

Share Appreciation Rights

The 2003 Plan provides that SARs may be granted (i) in conjunction with all or part of any option granted under the 2003 Plan, at the time of the grant of such option or at any subsequent time during the term of the option (a "related SAR"); or (ii) without regard to any option. Upon the exercise of a related SAR, the related option, or the portion of such option in respect of which such related SAR is exercised, will terminate.

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