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Frequently Asked Questions
  Does Nasdaq require shareholder approval for an amendment that removes a provision in a plan that permits shares underlying forfeited awards to be reissued?
Identification Number 236
No. Nasdaq rules require shareholder approval of an increase in the number of shares available under a plan. An amendment to eliminate a provision permitting the reissuance of shares underlying forfeited awards would not result in such an increase, and would not otherwise increase the benefits available under the plan, and therefore would not be considered a material amendment requiring shareholder approval under Nasdaq's rules.  
 
Publication Date*: 7/31/2012 Mailto Link Identification Number: 236
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