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Full Version: Shareholder Approval Needed?
BenefitsLink Message Boards > Employee Benefits in General > Securities Law Aspects of Employee Benefit Plans
CRC02
A sponsor wishes to amend its 423 plan to extend the length of the option period. Does this change require shareholder approval?
GBurns
A change to a Plan would require Board approval but certainly not shareholder approval.

What is a 423 Plan?
Kirk Maldonado
Changing the length of the option period under a Section 423 plan does not require shareholder approval.
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