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PBI » Topics » Termination of the SAYE Plan

This excerpt taken from the PBI DEF 14A filed Mar 23, 2006.

Termination of the SAYE Plan

No options may be granted under the SAYE Plan after September 2008. The Pitney Bowes board of directors or a duly constituted committee thereof may terminate the SAYE Plan at any time and no further options shall be granted after that date but options granted before that date shall continue to be valid.

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