McKesson 2014 Annual Report Download - page 119

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McKESSON CORPORATION
116
Each eligible employee may elect to authorize regular payroll deductions during the next succeeding Purchase Period, the
amount of which may not exceed 15% of a participant’s compensation. At the end of each Purchase Period, the funds withheld
by each participant will be used to purchase shares of the Company’s common stock. The purchase price of each share of the
Company’s common stock is based on 85% of the fair market value of each share on the last day of the applicable Purchase Period.
In general, the maximum number of shares of common stock that may be purchased by a participant for each calendar year is
determined by dividing $25,000 by the fair market value of one share of common stock on the offering date.
The following includes descriptions of equity plans that have not been submitted for approval by the Company’s stockholders:
On July 27, 2005, the Company’s stockholders approved the 2005 Stock Plan which had the effect of terminating the 1999
Stock Option and Restricted Stock Plan, the 1998 Canadian Stock Incentive Plan and certain 1999 one-time stock option plan
awards, which plans had not been submitted for approval by the Company’s stockholders, and, as noted above, the 1997 Non-
Employee Directors’ Equity Compensation and Deferral Plan, which had previously been approved by the Company’s stockholders.
Prior grants under these plans include stock options, RS and RSUs. Stock options under the terminated plans generally have a
ten-year life and vest over four years. RS contains certain restrictions on transferability and may not be transferred until such
restrictions lapse. The 1999 Stock Option and Restricted Stock Plan and the 1997 Non-Employee Directors’ Equity Compensation
and Deferral Plan are the only terminated plans that have outstanding equity grants, which are subject to the terms and conditions
of their respective plans, but no new grants will be made under these terminated plans.
Item 13. Certain Relationships and Related Transactions, and Director Independence.
Information with respect to certain transactions with management is incorporated by reference from the Proxy Statement
under the heading “Certain Relationships and Related Transactions.” Additional information regarding certain related party
balances and transactions is included in the Financial Review section of this Annual Report on Form 10-K and Financial Note 24,
“Related Party Balances and Transactions,” to the consolidated financial statements appearing in this Annual Report on
Item 14. Principal Accounting Fees and Services.
Information regarding principal accounting fees and services is set forth under the heading “Ratification of Appointment of
Deloitte & Touche LLP as the Company’s Independent Registered Public Accounting Firm for Fiscal 2015” in our Proxy Statement
and all such information is incorporated herein by reference.