This excerpt taken from the EBAY DEF 14A filed May 16, 2005.
Duration and Amendment
If the eIP is approved by stockholders, it will be effective for fiscal 2005 and will continue in effect until the fifth anniversary of the date of such approval. The Compensation Committee may amend or terminate the eIP at any time and for any reason. In order to maintain the plans qualification under Section 162(m) of the Code, material amendments of the eIP will require stockholder approval.