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Frequently Asked Questions
  What is considered to be a material expansion of the class of participants?
Identification Number 237
The classes of participants specified in the rule are officers, directors, employees, and consultants. As such, an amendment to extend eligibility to any of these classes not already authorized under the plan would be a material amendment requiring shareholder approval. In addition, if a class of participants is specifically excluded from a plan (e.g., employee-directors from a director plan), it would be a material expansion of the class to amend the plan to include those participants. Likewise, it would be material amendment to add non-employee directors to a plan which does not include directors as a class of eligible participants.  
Publication Date*: 7/31/2012 Mailto Link Identification Number: 237
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