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This excerpt taken from the EBAY DEF 14A filed Mar 19, 2009. Benefits
of the Option Exchange to Eligible Employees
Because the decision whether to participate in the option
exchange is completely voluntary, we are not able to predict who
will participate, how many options any particular group of
employees will elect to exchange, or the number of new RSUs that
we may grant. As noted above, however, our named executive
officers and members of our Board are not eligible to
participate in the option exchange. The option exchange also
will not be available to any former employees of us or our
majority-owned subsidiaries.
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