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This excerpt taken from the EBAY 10-K filed Feb 17, 2010. Equity Incentive Plans We have equity incentive plans for directors, officers and employees that consist of stock options, restricted stock units, nonvested shares and performance based restricted stock units. At December 31, 2009, 661.5 million shares were authorized under our equity incentive plans and 89.7 million shares were available for future grant. All stock options granted under these plans generally vest 25% one year from the date of grant (or 12.5% six months from the date of grant for grants to existing employees) and the remainder vest at a rate of 2.08% per month thereafter, and generally expire seven to 10 years from the date of grant. The cost of stock options is determined using the Black-Scholes option pricing model on the date of grant. Restricted stock units and nonvested shares are granted to eligible employees under our equity incentive plans. In general, restricted stock units and nonvested shares cliff vest over one to five years, are subject to the employees’ continuing service to the company and do not have an expiration date. The cost of restricted stock units and nonvested shares is determined using the fair value of our common stock on the date of grant. In 2007, 2008 and 2009, certain executives were eligible for performance based restricted stock units. The number of restricted stock units ultimately received depends on our business performance against specified performance targets set by the Compensation Committee. If the performance criteria are satisfied, the performance based restricted stock units will be granted and one-half of the grant will vest in March following the end of the performance period and the remaining half will vest one year later. These excerpts taken from the EBAY 10-K filed Feb 20, 2009. Equity
Incentive Plans
We have equity incentive plans for directors, officers and
employees that consist of stock options, restricted stock units,
nonvested shares and performance based restricted stock units.
At December 31, 2008, 627.5 million shares were
authorized under our equity incentive plans and
79.4 million shares were available for future grant.
All stock options granted under these plans generally vest 25%
one year from the date of grant (or 12.5% six months from the
date of grant for grants to existing employees) and the
remainder vest at a rate of 2.08% per month thereafter, and
generally expire seven to 10 years from the date of grant.
The cost of stock options is determined using the Black-Scholes
option pricing model on the date of grant.
Restricted stock units and nonvested shares are granted to
eligible employees under our equity incentive plans. In general,
restricted stock units and nonvested shares cliff vest over one
to five years, are subject to the employees’
Table of Contents
eBay
Inc.
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
continuing service to the company and do not have an expiration
date. The cost of restricted stock units and nonvested shares is
determined using the fair value of our common stock on the date
of grant.
In 2007 and 2008, certain executives were eligible for
performance based restricted stock units. The number of
restricted stock units ultimately received depends on our
business performance against specified performance targets set
by the Compensation Committee. If the performance criteria are
satisfied, the performance based restricted stock units will be
granted and one-half of the grant will vest in March following
the end of the performance period and the remaining half will
vest one year later.
Equity Incentive Plans We have equity incentive plans for directors, officers and employees that consist of stock options, restricted stock units, nonvested shares and performance based restricted stock units. At December 31, 2008, 627.5 million shares were authorized under our equity incentive plans and 79.4 million shares were available for future grant. All stock options granted under these plans generally vest 25% one year from the date of grant (or 12.5% six months from the date of grant for grants to existing employees) and the remainder vest at a rate of 2.08% per month thereafter, and generally expire seven to 10 years from the date of grant. The cost of stock options is determined using the Black-Scholes option pricing model on the date of grant. Restricted stock units and nonvested shares are granted to eligible employees under our equity incentive plans. In general, restricted stock units and nonvested shares cliff vest over one to five years, are subject to the employees’
Table of ContentseBay Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) continuing service to the company and do not have an expiration date. The cost of restricted stock units and nonvested shares is determined using the fair value of our common stock on the date of grant. In 2007 and 2008, certain executives were eligible for performance based restricted stock units. The number of restricted stock units ultimately received depends on our business performance against specified performance targets set by the Compensation Committee. If the performance criteria are satisfied, the performance based restricted stock units will be granted and one-half of the grant will vest in March following the end of the performance period and the remaining half will vest one year later. These excerpts taken from the EBAY 10-K filed Feb 29, 2008. Equity
Incentive Plans
We have equity incentive plans for directors, officers and
employees that consist of stock options, restricted stock units,
nonvested shares and performance based restricted stock units.
At December 31, 2007, 614.8 million shares were
authorized under our equity incentive plans and
84.2 million shares were available for future grant.
All stock options granted under these plans generally vest 25%
one year from the date of grant (or 12.5% six months from the
date of grant for grants to existing employees) and the
remainder vest at a rate of 2.08% per month thereafter, and
generally expire seven to 10 years from the date of grant.
The cost of stock options is determined using the Black-Scholes
option pricing model on the date of grant.
Restricted stock units and nonvested shares are granted to
eligible employees under our equity incentive plans. In general,
restricted stock units and nonvested shares vest over one to
five years, are subject to the employees’ continuing
service to the company and do not have an expiration date. The
cost of restricted stock units and nonvested shares is
determined using the fair value of our common stock on the date
of grant.
In 2007, certain executives were eligible for performance based
restricted stock units. The number of restricted stock units
ultimately received depends on our business performance against
specified performance targets set by the Compensation Committee.
If the performance criteria are satisfied, the performance based
restricted stock units will be granted and one-half of the grant
will vest in March following the end of the performance period
and the remaining half will vest one year later.
Equity Incentive Plans We have equity incentive plans for directors, officers and employees that consist of stock options, restricted stock units, nonvested shares and performance based restricted stock units. At December 31, 2007, 614.8 million shares were authorized under our equity incentive plans and 84.2 million shares were available for future grant. All stock options granted under these plans generally vest 25% one year from the date of grant (or 12.5% six months from the date of grant for grants to existing employees) and the remainder vest at a rate of 2.08% per month thereafter, and generally expire seven to 10 years from the date of grant. The cost of stock options is determined using the Black-Scholes option pricing model on the date of grant. Restricted stock units and nonvested shares are granted to eligible employees under our equity incentive plans. In general, restricted stock units and nonvested shares vest over one to five years, are subject to the employees’ continuing service to the company and do not have an expiration date. The cost of restricted stock units and nonvested shares is determined using the fair value of our common stock on the date of grant. In 2007, certain executives were eligible for performance based restricted stock units. The number of restricted stock units ultimately received depends on our business performance against specified performance targets set by the Compensation Committee. If the performance criteria are satisfied, the performance based restricted stock units will be granted and one-half of the grant will vest in March following the end of the performance period and the remaining half will vest one year later. | EXCERPTS ON THIS PAGE:
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