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Consider a plan that provides for periodic automatic awards of specific number of options, for example, annual awards of 10,000 options. Is it a material amendment to increase the awards to 15,000?

April 26, 2017automatic awards Options periodic Plan provides

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Consider a plan that provides for periodic automatic awards of specific number of options, for example, annual awards of 10,000 options. Is it a material amendment to increase the awards to 15,000?

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Generally, increasing the size of awards is not a material amendment provided that the maximum number of shares available under the plan is not increased.