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ATVI » Topics » SECTION 6. WITHDRAWAL FROM THE PLAN.

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

SECTION 6.         WITHDRAWAL FROM THE PLAN.

(a)           Withdrawal.  Each Participant may withdraw from an Offering Period under the Plan by signing and delivering to the payroll department notice thereof on a form provided for such purpose.  Such withdrawal may be elected at any time at least twenty (20) days prior to the end of an Accumulation Period.

(b)           Return of Payroll Deductions; Readmittance.  Upon withdrawal from the Plan, the accumulated payroll deductions shall be returned, without interest, to the withdrawn Participant and his or her interest in the Plan shall terminate.  In the event a Participant voluntarily elects to withdraw from the Plan, he or she may not resume his or her participation in the Plan during the same Offering Period, but he or she may participate in any Offering Period under the Plan which commences on a date subsequent to such withdrawal by timely filing a new authorization for payroll deductions in the same manner as set forth above for initial participation in the Plan if he or she then is an Eligible Employee.

SECTION 6.         WITHDRAWAL FROM THE PLAN.

(a)           Withdrawal.  Each Participant may withdraw from an Offering Period under the Plan by signing and delivering to the payroll department notice thereof on a form provided for such purpose.  Such withdrawal may be elected at any time at least twenty (20) days prior to the end of an Accumulation Period.

(b)           Return of Payroll Deductions; Readmittance.  Upon withdrawal from the Plan, the accumulated payroll deductions and any Alternative Payments not applied to the purchase of Stock hereunder shall be returned, without interest, to the withdrawn Participant and his or her interest in the Plan shall terminate.  In the event a Participant voluntarily elects to withdraw from the Plan, he or she may not resume his or her participation in the Plan during the same Offering Period, but he or she may participate in any Offering Period under the Plan which commences on a date subsequent to such withdrawal by timely filing a new subscription agreement in the same manner as set forth above for initial participation in the Plan if he or she then is an Eligible Employee.

EXCERPTS ON THIS PAGE:

8-K (2 sections)
Oct 23, 2006

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