This excerpt taken from the VRSN 8-K filed Jan 4, 2007.
We will determine, in our discretion, all questions as to the validity, form, eligibility (including time of receipt) and acceptance of any options. Our determination of these matters will be final and binding on all parties. We reserve the right to reject any election form or any options with respect to which elections have been made that we determine are not in appropriate form or that we determine are unlawful to accept. We will accept all options with respect to which proper elections are made. We also reserve the right to waive any of the conditions of the Options Election or any defect or irregularity in any election of any particular options or for any particular option holder, provided that if we grant any such waiver, it will be granted with respect to all option holders and options with respect to which elections have been made. No elections will be deemed to have been properly made until all defects or irregularities have been cured by the option holder or waived by us. Neither we nor any other person is obligated to give notice of any defects or irregularities in elections, nor will anyone incur any liability for failure to give any notice. This is a one-time Options Election. We will strictly enforce the election period, subject only to an extension that we may grant in our discretion. Important: The election form (or a facsimile copy of it) together with all other required documents must be received by Jeffrey K. Bergmann, on or before 5:00 p.m., Pacific Time, on December 31, 2006.