This excerpt taken from the VRSN 10-K filed Jul 12, 2007.
Annual Refresh Grants
Required Granting Actions: The Compensation Committee was required to approve all annual refresh grants through and including the 2004 annual refresh grant. In 2005, the Compensation Committee delegated to the CEO the authority to approve rank and file annual refresh grants.
Method for Determining Proper Measurement Dates: Refer to the Measurement Date Hierarchy above.
VERISIGN, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued)
DECEMBER 31, 2006, 2005 AND 2004