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While tax deferral can be obtained through restricted stock units, the process is cumbersome in light of recent tax legislation that, for example, may require that the distribution date be determined many years in advance. Any of these subsequent restricted stock unit awards will vest one-third annually. She also received a performance restricted stock unit award of 250,000 shares of common stock that will vest based on the company's independent Compensation Committee's determination that the following performance goals have been achieved: one-third if Conexant's common stock sustains an average closing price of $3. |
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