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This excerpt taken from the EBAY DEF 14A filed Apr 26, 2006. Stock
Ownership Guidelines for Directors
In September 2004, our Board adopted stock ownership guidelines
to better align the interests of our directors and executives
with the interests of stockholders and further promote our
commitment to sound corporate governance. Under the guidelines,
directors are required to achieve ownership of eBay common stock
valued at three times the amount of the annual retainer paid to
directors within three years of joining the Board, or in the
case of directors serving at the time the guidelines were
adopted, within three years of the date of adoption of the
guidelines. A more detailed summary of our stock ownership
guidelines can be found on our website at
http://investor.ebay.com/governance. The ownership levels
of our directors as of April 1, 2006 are set forth in the
section entitled “Security Ownership of Certain Beneficial
Owners and Management” above.
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