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This excerpt taken from the EBAY DEF 14A filed Apr 30, 2007. ENROLLMENT
Eligible employees become participants in the Purchase Plan by
executing a subscription agreement and filing it with us no
later than five days before the beginning of each offering
period (unless the Compensation Committee has set a later time
for the filing of such subscription agreement). By enrolling in
the Purchase Plan, a participant is deemed to have elected to
purchase the maximum number of whole shares of our common stock
that can be purchased with the compensation withheld during each
purchase period within the offering period for which the
participant is enrolled.
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