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VRSN » Topics » Non-Employee Director Awards

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

Non-Employee Director Awards

 

The 2006 Plan provides for discretionary awards (including stock options, restricted stock awards, restricted stock units, stock bonus awards, stock appreciation rights and performance shares) to non-employee directors as determined by the compensation committee. Discretionary awards to non-employee directors will vest and be exercisable as determined by the compensation committee.

 

In the event of a corporate transaction, such as a dissolution or liquidation, merger or sale of substantially all of VeriSign’s assets, all awards granted to non-employee directors will become fully vested and exercisable.

 

"Non-Employee Director Awards" elsewhere:

Intuit (INTU)
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