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Frequently Asked Questions
  Would it be a material amendment for a company to buy back outstanding awards for cash?
Identification Number 224
The rule applies to equity awards and not to a payment of cash. As such, buying back outstanding awards for cash would not require shareholder approval under Listing Rule 5635(c) unless, based on the specific facts and circumstances, it is treated as a repricing under Generally Accepted Accounting Principles ("GAAP").
Publication Date*: 7/31/2012 Mailto Link Identification Number: 224
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