Agile Software Corp- ( AGIL) Message Board

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Technology Stocks : Agile Software Corp- ( AGIL)

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To: telecomguy who wrote (562)	8/14/2001 9:13:12 PM
From: G_Barr	Read Replies (1) of 570

Just found this in the recent 10Q filing; Surely this does not imply that AGIL is going to grant 2.5 million options PER employee (wonder what the strike price will be?). The 2.5 million annual share limit is a tax technicality. In order for an option plan to qualify for an exemption to the section 162(m)limitation on deductible compensation, the plan must have shareholders approve a maximum number of options to be granted to a single employee over a stated period. Most companies deal with this by stating a very large annual limit so that this limitation never comes into play and doesn't inhibit the company's ability to to make a mega grant in the case they need to bring in a superstar CEO or something.

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