Oracle 2009 Annual Report Download - page 153

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(e) A participant’s withdrawal from an Offering Period will not have any effect upon his or her eligibility to participate in a succeeding Offering Period, or
in any similar plan period, which may hereafter be adopted by the Company.
(f) The Board may specify a date prior to each Exercise Date, which date will be no more than thirty (30) days prior to such Exercise Date, after which a
participant may not withdraw for any reason.
11. STOCK
(a) The maximum number of shares of Common Stock which shall be made available for sale under the Plan shall be 405,000,000 shares (plus any shares
available under the 1987 Plan as of September 30, 1992) subject to adjustment upon changes in capitalization of Oracle as provided in Section 18.
(b) The participant will have no interest or voting right in shares covered by his or her option until such option has been exercised.
(c) Shares to be delivered to a participant under the Plan will be registered in the name of the participant.
12. ADMINISTRATION
(a) The Plan shall be administered by the Board or a committee appointed by the Board. The Board or its committee shall have full and exclusive
discretionary authority to construe, interpret and apply the terms of the Plan, to determine eligibility and to adjudicate all disputed claims filed under the Plan.
The Board’s discretionary authority under the Plan shall include, without limitation, the authority to (i) change the Offering Periods, (ii) limit the frequency
and/or number of changes in the amount withheld during Offering Periods, (iii) establish the exchange ratio applicable to amounts withheld in a currency other
than United States dollars, (iv) permit payroll withholding in excess of the amount designated by a participant in order to adjust for delays or mistakes in the
Company’s processing of properly completed withholding elections, (v) establish reasonable waiting and adjustment periods and/or accounting and crediting
procedures to ensure that amounts applied toward the purchase of Common Stock for each participant properly correspond with amounts withheld from the
participant’s Compensation, and (vi) establish such other limitations or procedures as the Board determines in its sole discretion advisable. Every finding,
decision and determination made by the Board shall, to the full extent permitted by law, be final and binding upon all parties. Members of the Board who are
eligible Employees are permitted to participate in the Plan except to the extent limited by Subsection (b) of this Section 12. All references in this Plan to the
Board shall mean the committee(s) appointed by the Board, if any.
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Source: ORACLE CORP, 10-K, July 01, 2010 Powered by Morningstar® Document Research℠