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Corporate Communicator - Summer 2016

06/27/2016

Consider Adding Separate Annual Sublimit on Director Equity Awards

In response to the Delaware Chancery Court’s 2012 and 2015 decisions in Seinfeld v. Slager and Calma v. Templeton and Facebook’s 2016 settlement of Espinoza v. Zuckerberg, public companies that are adopting or amending equity-based compensation plans should consider adding a separate annual sublimit on director equity awards.

[Read the full alert.]