PLAB » Topics » Substitute Award

This excerpt taken from the PLAB DEF 14A filed Feb 23, 2007.
“Substitute Award” means any Award granted upon assumption of, or in substitution or exchange for, outstanding employee equity awards previously granted by a company or other entity acquired by the Company or with which the Company combines pursuant to the terms of an equity compensation plan that was approved by the stockholders of such company or other entity.

     

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