In addition, pursuant to our outside director equity compensation policy, in the event
of the termination
of a non-employee director's service to the
Board as a result
of death, disability or
retirement, all
of the non-employee director's equity compensation awards will become fully vested, provided that the non-employee director served
as a
member of the
Board for at least three years prior to the date
of termination and the non-employee director satisfied our equity ownership guidelines during his or her service
as a
Board member.
Although Mr. Howard Lincoln will remain
as a
board member of the team and
of Nintendo
of America after his
retirement from the CEO
of the Seattle Mariners, I would like to take this opportunity to express my great appreciation for his shouldering and carrying out the huge responsibilities for both Nintendo and the Seattle Mariners, and for his splendid leadership.