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VRSN » Topics » Determining the Number of Shares Available for Grant

This excerpt taken from the VRSN DEF 14A filed Apr 10, 2006.

Determining the Number of Shares Available for Grant

 

The aggregate number of shares granted pursuant to “full value” awards (meaning awards other than a stock option or a stock appreciation right) shall not exceed forty percent (40%) of the total number of shares reserved under the 2006 Plan. Stock appreciation rights to be settled in shares of VeriSign’s common stock shall be counted in full against the number of shares available for award under the 2006 Plan, regardless of the number of shares ultimately issued upon settlement of the stock appreciation right.

 

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