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This excerpt taken from the EBAY DEF 14A filed Apr 30, 2007. DURATION,
AMENDMENT, AND REPRICING
The Board may amend, suspend or terminate the 1999 Plan at any
time or from time to time. Stockholders approved the 1999 Plan
at our 2000 Annual Meeting of Stockholders. Stockholder approval
of any amendment to the 1999 Plan must be sought only if
necessary under applicable laws or regulations, but the Board
may submit any amendment to the 1999 Plan for stockholder
approval at its discretion. Additionally, stockholder approval
is required before the Board may cancel an option and replace it
with a new option or cash, reduce the exercise price of any
option it has already granted under the 1999 Plan, or take any
other action with respect to any outstanding option that is
treated as a repricing under generally accepted accounting
principles. The 1999 Plan does not have a set termination date,
but the Board may terminate the plan at any time.
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