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NDAQ » Topics » NOTE S - SUBSEQUENT EVENT - STAY PAY BONUSES

This excerpt taken from the NDAQ 8-K filed Aug 1, 2008.

NOTE S - SUBSEQUENT EVENT - STAY PAY BONUSES

Due to the acquisition agreement with NASDAQ, the Exchange implemented stay pay bonus programs in January and April 2008 totaling $4,727,000 payable to employees who continue their employment with the Exchange and/or the NASDAQ through July 30, 2008 and/or August 15, 2008 (stay pay dates). The stay pay bonus will be paid in a lump sum within 30 business days following the stay pay dates.

The Board has also approved compensation in the amount of $5,385,000 for performance and long-term incentive for the first six months of 2008, payable May 15, 2008.

 

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PHILADELPHIA STOCK EXCHANGE, INC. AND SUBSIDIARIES

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