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Summary
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 NYSE, Nasdaq and
AMEX require
- Shareholder approval of equity compensation plans
- Material revisions thereto, including repricings
- With
limited exemptions for
- Inducement
awards to new employees
- Tax qualified plans and parallel
nonqualified plans
- M&A transactions
- Note:
while similar, the SRO rules are not identical
Imposed
by SRO listing requirements
- Adopted
as part of SRO's requiring
enhanced corporate governance
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Developments
NYSE Rule 303A.8
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Text
of Rule
 NYSE
FAQs
SEC_CODE_REF_0090001192884
- Updated 1.11.05 to provide that an
amendment designed solely to bring a plan into compliance with IRC § 409A
(added by the enactment of the American Jobs Creation Act) would generally
not constitute a material revision requiring shareholder approval
Archive
- SEC approval release 34-48108 (2003)
- SEC approval release 34-46620 (2002)
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Nasdaq Rule 4350(i)(A) /
IM-4350-5
Related Topics
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