Yet Another Reason to Consider Separate Annual Limits on Director Equity Awards
As reported in a prior blog post, public company employers that are adopting or amending equity-based compensation plans should consider adding a separate annual limit on director equity awards. In a recent Delaware Chancery Court opinion (Calma v. Templeton), the Chancery Court refused to grant the board of directors of Citrix Systems, Inc. the protection […]
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2 min read
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Tagged: director equity, director equity awards, equity compensation plan, equity-based compensation, shareholder approval
GG
Greg Gautam
Partner