Best Buy 2003 Annual Report Download - page 135
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Please find page 135 of the 2003 Best Buy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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approval of the shareholders of the Company if shareholder approval of the amendment is then required under the Exchange Act or the
rules of any stock exchange on which the Company’s securities are listed. No termination, suspension or amendment of the Plan may
adversely affect any outstanding Restricted Stock Award without the consent of the affected Participant.
Section 14. Shareholder Approval. Any Restricted Stock Award granted under the Plan prior to the date on which the Plan is
approved by shareholders holding at least a majority of the voting stock of the Company represented in person or by proxy at a duly
held shareholders’ meeting shall be contingent upon such approval.
Section 15. Effective Date and Duration of the Plan. The effective date of the Plan shall be the date the Plan is approved by the
shareholders of the Company. The Plan will terminate at midnight on the tenth anniversary of the date prior to such effective date and
may be terminated prior to such time by Board action. No Restricted Stock Award will be granted after
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such termination. Restricted Stock Awards outstanding upon termination of the Plan may continue to become free of restrictions, in
accordance with their terms.
Section 16. Miscellaneous.
(a) Governing Law. The validity, construction, interpretation, administration and effect of the Plan and any rules, regulations
and actions relating to the Plan will be governed by and construed exclusively in accordance with the laws of the State of Minnesota.
(b) Successors and Assigns. The Plan will be binding upon and inure to the benefit of the successors and permitted assigns of
the Company and the Participants.
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