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Frequently Asked Questions
  Is a change to the "sublimit" within an equity compensation plan a material change?
Identification Number 1673

An equity compensation plan must provide for an overall limit on the number of shares that may be issued under the plan. In some cases, a plan may also include a further "sublimit" on the number of shares available for a particular type of award, such as restricted stock or options.

A revision to increase the number of shares available under such a sublimit would, generally, be a material amendment to the equity compensation plan because this change would be an expansion of the types of awards available under the plan.

Publication Date*: 1/11/2019 Mailto Link Identification Number: 1673
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