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This excerpt taken from the EBAY DEF 14A filed Apr 30, 2007. AMENDMENT
AND TERMINATION OF THE PURCHASE PLAN
The Board may at any time and for any reason amend, terminate or
extend the Purchase Plan. Generally, no such termination can
affect previously made grants or may adversely affect the rights
of any participant without such participant’s consent, nor
may any amendment be made without approval of our stockholders
within 12 months of its adoption by our Board if such
amendment increases the number of shares that may be issued
under the Purchase Plan or changes the designation of the
employees or class of employees eligible to participate in the
Purchase Plan.
Without stockholder consent and without regard to whether any
participant rights may be considered to have been
“adversely affected,” the Board is entitled to make
such amendments to the Purchase Plan as it determines are
advisable if the continuation of the Purchase Plan or any
offering period would result in financial accounting treatment
for the Purchase Plan that is different from the financial
accounting treatment in effect on the date the Purchase Plan was
initially adopted by our Board of Directors.
The Purchase Plan as amended and restated will terminate no
later than June 14, 2017.
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