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Frequently Asked Questions
  Does Nasdaq require shareholder approval of "parallel nonqualified plans"?
Identification Number 241
No. Listing Rule 5635(c) specifically grants an exception to the shareholder approval requirement for parallel nonqualified plans. Please note that these plans are subject to approval by either the company's independent compensation committee or a majority of the company's independent directors. Similar plans for the company's non-U.S. employees, which provides features necessary to comply with applicable non-U.S. tax laws, are also exempt from shareholder approval.  
Publication Date*: 7/31/2012 Mailto Link Identification Number: 241
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