Relief For Equity Incentive Plans Subject To California State Securities Regulations.

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Relief For Equity Incentive Plans Subject To California State Securities Regulations.

Recently, the California Commissioner of Corporations (the "Commissioner") proposed to amend the current regulations imposed on securities offered or sold in California pursuant to certain compensatory benefit plans.1 These rules apply primarily to (i) privately-held companies that offer or sell securities in the state of California (which occurs when either the company is located in California or the recipient is a resident of California), and (ii) public com...

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