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EBAY » Topics » Election to Participate

This excerpt taken from the EBAY DEF 14A filed Mar 19, 2009.
Election to Participate
 
Participation in the option exchange will be voluntary. Under the option exchange, eligible employees may make an election to surrender eligible stock options that have an exercise price greater than or equal to the highest per share trading price of our common stock for the 52-week period immediately preceding the start of the option exchange in exchange for new RSUs in accordance with the actual exchange ratios, which will be determined at the time the option exchange commences.
 
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