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This excerpt taken from the EBAY 10-K filed Feb 28, 2007. Other
Equity Incentive Plans
We have equity incentive plans for directors, officers and
employees. 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 7 to 10 years from the date of grant.
Stock options issued prior to June 1998, were exercisable
immediately, subject to repurchase rights held by us, which
lapsed over the vesting period. At December 31, 2006,
614.8 million shares were authorized under our equity
incentive plans. Shares of restricted stock and restricted stock
units issued under these plans that have not vested are subject
to repurchase by us or forfeiture at such times as determined by
the Board of Directors, typically three to five years. At
December 31, 2006, 98.5 million shares were available
for future grant.
Table of Contents
eBay
Inc.
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
This excerpt taken from the EBAY 10-Q filed Jul 28, 2006. Other
Equity Incentive Plans
We have equity incentive plans for directors, officers,
employees and non-employees. 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 7 to 10 years from
the date of grant. Stock options issued prior to June 1998, were
exercisable immediately, subject to repurchase rights held by
us, that lapsed over the vesting period. At June 30, 2006,
584.8 million shares were authorized under our stock option
plans. Shares of nonvested stock issued under these plans are
subject to forfeiture, lapsing over the vesting period, which is
typically four or five years. At June 30, 2006,
74.8 million shares were available for future grant under
our equity incentive plans.
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