Common use of Stockholder Reapproval Clause in Contracts

Stockholder Reapproval. As required by Treasury Regulation Section 1.162-27(e)(vi), the material terms of performance goals as described in this Section 12 shall be disclosed to and reaaproved by the Company's stockholders no later than the first stockholder meeting that occurs in the 5th year following the year in which the Company's stockholders previously approved such performance goals.

Appears in 7 contracts

Samples: Incentive Compensation Plan (Cognizant Technology Solutions Corp), 1999 Incentive Compensation Plan (Cognizant Technology Solutions Corp), Incentive Compensation Plan (Cognizant Technology Solutions Corp)

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