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This excerpt taken from the MCK DEF 14A filed Jun 13, 2007. Amendment and
Termination
The Board of Directors may amend the ESPP in any respect.
However, an amendment that increases the number of shares
reserved under the ESPP (other than adjustments upon changes in
capitalization or a corporate transaction) or changes in the
designation of corporations whose employees may be eligible to
participate in the ESPP, other than a parent or subsidiary
corporation, requires stockholder approval.
The ESPP will terminate when the number of shares available for
issuance under the ESPP has been substantially exhausted, or at
any earlier time by action of the Board.
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