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Does a change in the vesting schedule of stock option or other equity awards require shareholder approval?

April 26, 2017Approval awards equity require schedule shareholder stock option vesting

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Does a change in the vesting schedule of stock option or other equity awards require shareholder approval?

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Generally, a change in the vesting terms for an award is not a material amendment, provided that the change does not result in either an extension in the term of the award beyond the maximum allowable term under the plan or in an addition to the aggregate shares available under the plan.