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This excerpt taken from the EBAY 10-K filed Feb 28, 2007. Director
Notification
Participant understands and acknowledges that if Participant is
a director or shadow director of a U.K. Affiliate of the Company
and the U.K. Affiliate is not wholly owned by the Company,
Participant is subject to certain notification requirements
under the Companies Act. Specifically, Participant must notify
the U.K. Affiliate in writing of Participant’s interest in
the Company and the number and class of Shares or rights to
which the interest relates before the expiration of five days
from the date on which the existence of the interest comes to
his or her knowledge (e.g., within five days of receiving a
notice of grant under the Plan). Participant must also notify
the U.K. Affiliate when Participant acquires Shares under the
Plan upon the vesting of the RSUs and again when Participant
sells the Shares acquired under the Plan. This disclosure
requirement also applies to any rights or Shares acquired by
Participant’s spouse or children (under the age of 18).
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