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VRSN » Topics » Termination of Options

This excerpt taken from the VRSN DEF 14A filed Apr 26, 2005.

Termination of Options

 

The term of options granted under the Directors Plan is ten years. The options will terminate seven months following the date the Director ceases to be a Director (or, if specified in the grant, a consultant of VeriSign) and will terminate twelve months following the date the Director ceases to be a Director in the result of death or disability.

 

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