Text moving or disappearing

We've been seeing this issue over the past few weeks and it is becoming a hard one to track down.

The text that is giving us issues originally came from MSWord, which then had images reinserted (they didn't remain in place when pasting in the content), formatting done, and links added to the page.

I suspect the same as you, that it's a formatting issue throwing something off. I don't think it's related to the incoming content since it doesn't happen on all articles, but more likely how the formatting is done. I've noticed that there is some weird behavior when you get 2 styles next to each other and you add and remove space in between them.

Hopefully someone can find a fix for this.

I just tried installing it today and ran into the same problem. I cut and paste from a web page. Part of the text is white, so I highlight that portion of the text, change it to black, and everything else in the editor vanishes (gone from HTML as well). However, I cannot reproduce this with the online demo, even with the same content and same actions.

It happens about 3/4 of the time for me, but I'm still trying to track down what differences cause it to happen and which ones don't. Plus the HTML content I'm using as a test sample isn't Word generated clutter. (It also isn't all perfectly formatted either, for example it has several font tags for coloring that span paragraphs, but I believe all tags are properly nested.)

I'll post if I can narrow anything down further, but it would be great if someone found a fix, of course.

(And for what it's worth, I'm testing this in IE6 embedded in a .Net page).

Edit: Just tried in Mozilla 3 - same page and content, and cannot reproduce the error. Paying more attention in IE, I notice there's a javascript error:
Line: 61
Char: 2779
Error: 'childNodes[...].previousSibling' is null or not an object
Code: 0
URL: [my local site URL]/fckeditor/editor/fckeditor.html?InstanceName=FCKeditor1&Toolbar=Default

I'll try to see if I can get it to break in Mozilla where there's better debugging tools, but that's what I've found so far.

Let me know what you come up with as I just started having this issue when I cut and paste text/code from Notepad into the editor. All my source code disappears? Why?

I'm using Firefox 3.0.1

Mark

Hi,

I just wanted to find out if anyone established the main cause of this problem. The editor is used heavily by the data entry team at my company and they complain about this occuring from time to time. This is regardless of whether they are copying over from word, a website or textpads.

I have tried to reproduce it but i can't.

I'm having this problem also. It randomly happens in Firefox 2 and 3 (MacOS). Text will just disappear upon saving or switching back and forth between Code and WYSIWYG mode.

Most recently it was ignoring <br> tags and deleting everything after them on a specific page. I even put the code into Dreamweaver and cleaned it up and pasted it in code view, but it didn't help (even though that's fixed the problem before).

I then switched over to Safari and pasted the code. It worked just fine. I could even switch between code and WYSIWYG mode without anything going away. So I saved it. I then I re-opened it in Firefox and it was having the same problem.

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<a name="formats"> </a>
<h3>Formats</h3>
<p>We have a wide variety of formats</p>

Edit: Logged out of site in Firefox and logged back in an text no longer disappeared on that specific page, but it has happened with different pages on my site.

We have also experienced this issue.

The problem is intermittent and I have not been able to find a way to consistently reproduce the problem. It seems to occur with larger amounts of text and complex HTML.

We have had reports of this happening lately with links inside of table cells.

Same problem here. Only I can reproduce it in MSIE. Also tested in Firefox, but works fine there. The text a user of my was trying to copy can be found here: http://dev.deems.nl/vacature.htm. If you copy the text in the wysiwyg editor, then switch to source (or just submit), most of the text disappears. But if you do it twice, first copy the text to the editor, switch to source, switch back and paste the text again, the text is saved without missing parts. If I copy the text to another text editor like MS Word and copy the text from Word to the editor, everything works fine.

Unfortunately I can't show the complete FCK editor for it's in a secure environment, but you can view the fck config here: http://dev.deems.nl/fckconfig.js.

If more information is needed to solve the problem just ask.

Anything new on this topic? I am migrating our Centre's website from Rapidweaver to Drupal but I cannot provide my users a tool that will delete their text. Seems to be mostly an issue with Rich text formatting by the way.

When I made a new Drupal install, I had the above problem (fck "swallowed" whatever text I put in the editor window.)
I realized that it was because I was testing a user without the rights to switch to plain text. When I changed that (made it possible), everything worked fine.

I'm able to reproduce this issue consistently with the attached html code and the fckeditor demo
Steps to reproduce:
1. Copy source of html file from code section below
2. Goto http://www.fckeditor.net/demo and go into Source Editor mode
3. Paste the html source
4. Scroll to bottom and note the last few lines of the code
5. Switch to wysiwyg mode, scroll to bottom and note the last few lines
6. Switch to Source Editor mode again and check last few lines

Repeated triggering between source and wysiwyg, you'll noticed that the text is moved around and some are missing. In IE7, text is getting moved around. In FF3, text is getting truncated.
Why is this happening? How can I fix this? Please advise. Thank you.

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--daw 11/24/03--><!--rpg 12/2/03-->
<!--daw 12/18/03--><!--daw 12/31/03 added link to 11/26 mtg minutes-->
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<!--daw 4/2/04--><!--daw 4/15/04--><!--daw 4/26/04--><!--daw 4/28/04--><!--rpg 6/16/04--><!--rpg 6/17/04--><!--daw 6/18/04--><!--daw 

6/21/04--><!--daw 6/22/04--><!--daw 6/23/04-->
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<!--#include virtual="/includes/top_inc.html"-->

<title>FASB: Equity-Based Compensation</title>

<!--#include virtual="/includes/nav_inc.html"-->       
<!-- content -->

<h1>Project Updates</h1>

<h2>Equity-Based Compensation</h2>

<h2>Last Updated: September 16, 2004  <font color=800033>(Updated sections are indicated with an asterisk <font size=4>*</font>)

</font></h2>

<p><b><i>The staff has prepared this summary of Board decisions for information purposes only. Those Board decisions are tentative 

and do not change current accounting. Official positions of the FASB are determined only after extensive due process and 

deliberations.</i></b></p>

<p><a href=#objectives><b>Objectives</b></a><br>
<a href=#summary><b>Summary of the Exposure Draft</b></a><br>
<a href=#background><b>History and Background</b></a><br>
<a href=#reasons><b>Reasons for Issuing the Proposed Statement</b></a><br>
<a href=#differences><b>Differences between the Proposed Statement and Current Practice</b></a><br>
<a href=#how_proposed_stmt><b>How the Proposed Statement Would Improve Financial Reporting</b></a><br>
<a href=#how_conclusions><b>How the Conclusions in the Proposed Statement Relate to the FASB’s Conceptual Framework</b></a><br>
<a href=#costs&benefits><b>Costs and Benefits</b></a><br>
<a href=#effective_dates><b>The Effective Dates of the Proposed Statement</b></a><br>
<a href=#immediate_plans><b>Immediate Plans</b></a><br>
<font color=800033 size=4><b>*</b></font><a href=#recent_board_meetings><b>Recent Board Meetings</b></a><br>
<font color=800033 size=4><b>*</b></font><a href=#decisions_reached><b>Summary of Decisions Reached in Redeliberations</b></a><br>
<font color=800033 size=4><b>*</b></font><a href=#board_mtg_dates><b>Board Meeting and Public Meeting Dates</b></a><br>
<a href=#related_articles><b>Related FASB Articles</b></a><br>
<a href=#addl_info><b>Additional Information for Interested Constituents</b></a><br>
<a href=#contact_info><b>Contact Information</b></a></p>


<a name=objectives>
<p><b>Objectives</b></p>

<p>In March 2003, the Financial Accounting Standards Board (FASB) added a project to address issues related to equity-based 

compensation (EBC).</p>

<p>This project will address that lack of comparability by resolving the following main issues: (a) whether compensation paid in the 

form of equity instruments (and other EBC arrangements) should be recognized in the financial statements and (b) how should 

compensation in the form of equity instruments (and other EBC arrangements) be measured in the financial statements. </p>


<p><b>FASB Exposure Draft, <i>Share-Based Payment&#151;an amendment of Statements No. 123 and 95</i> (Proposed Statement of Financial 

Accounting Standards)</b></p>

<p><a href=../draft/ed_intropg_share-based_payment.shtml><b>[Download Exposure Draft]</b></a></p>

<p>On March 31, 2004, the FASB issued an Exposure Draft, <i>Share-Based Payment,</i> that addresses the accounting for share-based 

payment transactions in which an enterprise receives employee services in exchange for (a) equity instruments of the enterprise or 

(b) liabilities that are based on the fair value of the enterprise’s equity instruments or that may be settled by the issuance of 

such equity instruments. </p>

<a name=summary>
<p><b>Summary of the Exposure Draft</b></p>

<p>The proposed Statement addresses the accounting for transactions in which an enterprise exchanges its valuable equity instruments 

for employee services.  </p>

<p>The objective of the accounting required by FASB Statement No. 123, <i>Accounting for Stock-Based Compensation,</i> as it would be 

amended by the proposed Statement, is to recognize in an entity’s financial statements the cost of employee services received in 

exchange for valuable equity instruments issued, and liabilities incurred, to employees in share-based payment transactions. Key 

provisions of the proposed Statement are as follows:</p>

<ol type=a>
<li>For public entities, the cost of employee services received in exchange for equity instruments would be measured based on the 

grant-date fair value of those instruments (with limited exceptions).  That cost would be recognized over the requisite service 

period (often the vesting period).  <p>

<li>The grant-date fair value of employee share options and similar instruments would be estimated using option-pricing models 

adjusted for the unique characteristics of those options and instruments (unless observable market prices for the same or similar 

options are available).<p>

<li>If an equity award is modified subsequent to the grant date, incremental compensation cost would be recognized in an amount equal 

to the excess of the fair value of the modified award over the fair value of the original award immediately prior to the 

modification.<p>

<li>Employee share purchase plans would not be considered compensatory if the terms of those plans were no more favorable than those 

available to all holders of the same class of shares and substantially all eligible employees could participate on an equitable 

basis.<p>

<li>Excess tax benefits, as defined by the proposed Statement, would be recognized as an addition to paid-in capital.  Cash retained 

as a result of those excess tax benefits would be presented in the statement of cash flows as financing cash inflows.  The write-off 

of deferred tax assets relating to unrealized tax benefits associated with recognized compensation cost would be reported as income 

tax expense.<p>

<li>The proposed Statement allows nonpublic entities to elect to measure compensation cost of awards of equity share options and 

similar instruments at intrinsic value through the date of settlement.  That election also would apply to awards of liability 

instruments.  The proposed Statement also requires that public entities measure compensation cost of awards of equity share options 

and similar instruments at intrinsic value through the date of settlement if it is not reasonably possible to estimate their grant-

date fair value.<p>

<li>The notes to financial statements of both public and nonpublic entities would disclose the information that users of financial 

information need to understand the nature of share-based payment transactions and the effects of those transactions on the financial 

statements.<p>
</ol>

<a name=background>
<p><b>History and Background</b></p>

<p>Opinion 25, issued in 1972, required that compensation cost for awards of share options be measured at their intrinsic value, 

which is the amount by which the fair value of an equity share exceeds the exercise price.  </p>

<p>Statement 123, issued in 1995, was effective for share-based compensation transactions occurring in fiscal periods beginning after 

December 15, 1995.  </p>

<p>In November 2002, the FASB issued an <a href=../draft/itc_intropg_stock_based_comp.shtml><b>Invitation to Comment</b></a>, 

<i>Accounting for Stock-Based Compensation: A Comparison of FASB Statement No. 123,</i> Accounting for Stock-Based Compensation, 

<i>and Its Related Interpretations, and IASB Proposed IFRS,</i> Share-based Payment, that compares the fair-value-based method of 

accounting for EBC in Statement 123 with the fair–value- based method of accounting for EBC in the proposed IFRS. (Note:  The IASB 

issued IFRS 2, <i>Share-based Payment,</i> in February 2004.  IFRS 2 is available from the IASB at <a href=http://www.iasb.org 

target="_top"><b>www.iasb.org</b></a>.) </p>

<p>At the March 12, 2003 Board meeting the Board reviewed and discussed the comment letters received in response to the Invitation to 

Comment (See below). </p>


<a name=reasons>
<p><b>Reasons for Issuing the Proposed Statement</b></p>

<p>There are four principal reasons for issuing the proposed Statement:</p>

<ol type=a>
<li><b>Addressing concerns of users and others.</b>  Users of financial statements, including institutional and individual investors, 

as well as many other parties expressed to the FASB their concerns that using Opinion 25’s intrinsic value method results in 

financial statements that do not faithfully represent the economic transactions affecting the issuer, namely, the receipt and 

consumption of employee services in exchange for valuable equity instruments.  <p>

<li><b>Improving the comparability of reported financial information through the elimination of alternative accounting methods.</b>  

During the summer of 2002, a number of public companies announced their intention of voluntarily adopting Statement 123’s fair-value

-based method of accounting for share-based compensation transactions with employees.<p>

<li><b>Simplifying U.S. GAAP.</b>  The proposed Statement would simplify the accounting for share-based payments.  The Board believes 

that U.S. GAAP should be simplified whenever possible.  Requiring the use of a single method of accounting for share-based payment 

would result in the elimination of Opinion 25’s intrinsic value method and the many related detailed and form-driven rules.<p>

<li><b>International convergence.</b> <p>
</ol>

<p>The Board believes that the proposed Statement addresses users’ and other parties’ concerns by requiring enterprises to recognize 

an expense in the income statement for employee services received (and consumed) in exchange for the enterprises’ equity instruments, 

thereby reflecting the consequences of the economic transaction in the financial statements. </p>

<a name=differences>
<p><b>Differences between the Proposed Statement and Current Practice</b></p>

<p>The proposed Statement would affect current practice in a number of ways, but chief among them is that it would eliminate the 

alternative to use Opinion 25’s intrinsic value method of accounting that was provided in Statement 123 as originally issued. </p>

<p>The proposed Statement would affect current practice in other ways, including the measurement attribute for nonpublic entities, 

the pattern in which compensation cost would be recognized, the accounting for employee share purchase plans, and the accounting for 

income tax effects of share-based payment transactions.  Paragraphs 6&#150;15 of the proposed Statement summarize those as well as 

other differences.</p>

<a name=how_proposed_stmt>
<p><b>How the Proposed Statement Would Improve Financial Reporting</b></p>

<p>The proposed Statement would require the recognition of compensation cost incurred as a result of receiving employee services in 

exchange for valuable equity instruments issued by the employer.</p>

<a name=how_conclusions>
<p><b>How the Conclusions in the Proposed Statement Relate to the FASB’s Conceptual Framework</b></p>

<p>FASB Concepts Statement No. 1, <i>Objectives of Financial Reporting by Business Enterprises,</i> states that financial reporting 

should provide information that is useful in making business and economic decisions.  Recognizing compensation cost incurred as a 

result of receiving employee services in exchange for valuable equity instruments issued by the employer will help achieve that 

objective by providing information about the costs incurred by the employer to obtain employee services in the marketplace.</p>

<p>With respect to the notion of <i>comparability,</i> FASB Concepts Statement No. 2, <i>Qualitative Characteristics of Accounting 

Information,</i> states that information about an enterprise gains greatly in usefulness if it can be compared with similar 

information about other enterprises. </p>

<p>Completeness is identified in Concepts Statement 2 as an essential element of representational faithfulness and relevance.  Thus, 

to faithfully represent the total cost of employee services to the enterprise, compensation cost relating to valuable equity 

instruments issued by the employer to its employees in exchange for their services should be recognized in the employer’s financial 

statements.</p>

<p>FASB Concepts Statement No. 6, <i>Elements of Financial Statements,</i> defines assets as probable future economic benefits 

obtained or controlled by a particular entity as a result of past transactions or events.  Employee services cannot be stored and are 

received and used simultaneously.  </p>

<a name=costs&benefits>
<p><b>Costs and Benefits</b></p>

<p>The mission of the FASB is to establish and improve standards of financial accounting and reporting for the guidance and education 

of the public, including preparers, auditors, and users of financial information. </p>

<p>Several procedures were conducted before the issuance of the proposed Statement to aid the Board in its assessment of the expected 

costs associated with implementing the required use of the fair-value-based accounting method. </p>

<p><a href=survey_ebc.pdf><b>[Download Cost-Benefit Survey]</b></a></p>


<a name=effective_dates>
<p><b>The Effective Dates of the Proposed Statement</b></p>

<p>The proposed Statement would be applied to public entities prospectively for fiscal years beginning after December 15, 2004, as if 

all share-based compensation awards granted, modified, or settled after December 15, 1994, had been accounted for using the fair-

value-based method of accounting.  </p>


<a id=#immediate_plans name=immediate_plans></a>
<a name=immediate_plans>
<p><b>Immediate Plans</b></p>

<p>The Exposure Draft was issued on March 31, 2004, with a 90-day public comment period that ended on June 30, 2004.  The Board also 

held four public roundtable meetings; two on June 24, 2004, in Palo Alto, California, and two on June 29, 2004, in Norwalk, 

Connecticut.  An audio file of the four roundtable meetings is available to listeners for free via the internet.  Click on the links 

below to access the audio file, a list of the organizations that participated in the roundtables, and additional information:</p>

<ul=smallarrow>
<li><a href=FASB_Roundtable_Additional_Details.pdf><b>Additional details</b></a></li>
<li><a href=FASB_Roundtable_Meetings_Agenda.pdf><b>Agenda</b></a></li>
<li><a href=FASB_Roundtable_Participant_Names&Affiliations.pdf><b>Participant affiliation</b></a></li>
<li><a href=FASB_Roundtable_Discussion_Questions.pdf><b>Discussion questions</b></a></li>
<li><a href=http://www.trz.cc/fasb/archive.html target="_top"><b>Audio file</b></a></li>
</ul>

<p>The staff has analyzed the comment letters received and has provided the Board with a summary of those comment letters.  The 

comment letter analysis summary can be accessed below.</p>

<ul=smallarrow>
<li><a href=ebc_comment_letter_analysis.pdf><b>Comment Letter Analysis Summary</b></a></li>
<li><a href=ebc_form_letters_info.pdf><b>Form Comment Letter Information</b></a></li>
</ul>

<p>Now that the FASB has analyzed those comment letters as well as considered the input received at the public roundtable meetings, 

the Board has resumed deliberations in public meetings to consider and discuss all the accounting issues raised during the public 

comment period.  </p>

<p>Since a final Statement is expected to be issued in the fourth quarter of 2004, the Board has received several questions about the 

effective date of the final Statement. </p>


<a name=recent_board_meetings>
<p><font color=800033 size=4><b>*</b></font><b>Recent Board Meetings</b></p>

<p>On September 8, 2004, the Board continued its redeliberations of the Exposure Draft.</p>

<p><b>Employee Share Purchase Plans (ESPPs)</b></p>
<p>The Board tentatively decided that an ESPP is not compensatory and does not give rise to recognizable compensation cost if all of 

the following conditions are met:</p>
<ol>
<p><li>The ESPP satisfies one of the following criteria: </li></p>
<ol type=a>
<p><li>The terms of the ESPP are no more favorable than those available to all holders of the same class of shares.</li></p>
<p><li>Any discount for the purchase of shares provided under the plan results in proceeds to the employer that are not less than the 

proceeds it would receive in an offering of shares if the shares had been issued to third parties by other means, for example, 

through an underwriter. A discount of 5 percent or less from the market price shall be considered to comply with this criterion 

without further justification.</li></p>
</ol>
<p><li>Substantially all eligible employees that meet limited employment qualifications may participate on an equitable 

basis.</li></p>
<p><li>The ESPP does not incorporate option features. For example, a plan in which the purchase price is based on the share price at 

date of grant and that permits a participating employee to cancel participation before the purchase date and obtain a refund of 

amounts previously paid is a compensatory plan.</li></p>
</ol> 
<p>The Board also made the following tentative decisions on implementation issues regarding ESPPs:</p>
<ol>
<p><li>If an entity justifies a purchase discount in excess of 5 percent, it would be required to reassess that discount at least 

annually and no later than the first share purchase during that fiscal year.  If upon reassessment that discount is not deemed 

justifiable, subsequent grants using that discount would be compensatory.</li></p>
<p><li>If an ESPP provides for a discount in excess of that specified in criterion 1(b) above, the entire discount associated with 

the grant, not just the portion in excess of that specified in criterion 1(b), is considered compensatory.</li></p>
<p><li>Compensation cost related to grants made under ESPPs should be recognized over the requisite service period.  The Board agreed 

that the requisite service period generally would be the period over which cash is accumulated for the purchase of shares or the 

purchase date if there is no required cash accumulation period.</li></p>
</ol>
<p><b>Disclosures</b></p>
<p>The Board reaffirmed its support for the disclosure objectives in paragraph 46 of the Exposure Draft.  Those objectives are as 

follows:</p>
<blockquote>
An entity with one or more share-based payment arrangements with employees shall disclose information that enables users of the 

financial statements to understand:
<ol type=a>
<p><li>The nature and general terms of such arrangements that existed during the period and the potential effects of those 

arrangements on shareholders (for example, the transfer of value from existing shareholders to option holders upon exercise)</li></p>
<p><li>The effect of compensation cost arising from share-based employee payment arrangements on the income statement</li></p>
<p><li>The method of estimating the fair value of the goods or services received, or the fair value of the equity instruments 

granted, during the period</li></p>
<p><li>The cash flow effects resulting from share-based payment arrangements.</li></p>
</ol></blockquote>
<p><b>Minimum Disclosure Requirements</b></p>
<p>With one exception, the Board reaffirmed its support for the minimum disclosure requirements described in paragraph B191 of the 

proposed Statement. </p>  
<p><b>Sensitivity Analysis</b></p>
<p>The Board considered whether sensitivity analysis relating to certain parameters used for pricing stock options should be a 

required minimum disclosure and decided not to require it. </p>
<p><b>Interim Disclosures</b></p>
<p>The Board agreed that the minimum disclosure requirements relate to annual periods and decided not to amend APB Opinion No. 28, 

<i>Interim Financial Reporting,</i> to require any interim disclosure for share-based payment awards.</p>
<p><b>Other Disclosures</b></p>
<p>The Board considered a variety of additional proposed disclosures and decided that none of them should be required.</p>  

<p><font color=800033 size=4><b>*</b></font><b>Summary of Decisions Reached in Redeliberations</b></p>

<p>On August 4, 2004, the Board began its redeliberations of the Exposure Draft. The Board discussed and affirmed its tentative 

conclusions on the following issues:</p>

<p><b>Recognition of Compensation Cost</b></p>

<ol>
<li>Goods or services received (from any party) in exchange for share-based payment results in a cost that is recognizable in the 

financial statements; that cost should be recognized in the income statement as an expense when the goods or services are consumed by 

the enterprise. [8/4/2004 Board Meeting]<p>
</ol>

<p><b>Measurement Attribute and Measurement Date</b></p>

<ol start=2>
<li>The cost of employee services received in exchange for equity instruments issued by public enterprises should be measured based 

on the grant-date fair value of those instruments. [8/4/2004 Board Meeting]<p>
</ol>

<p><b>Modified Grant-Date Method and Deep Out-of-the-Money Options</b></p>

<ol start=3>
<p><li>The Board considered whether a notion of substantive vesting based on subsequent fluctuations in the value of equity 

instruments is theoretically consistent with the modified grant-date method and decided that such a notion is not theoretically 

consistent. [9/1/2004 Board Meeting]</p></li>
</ol>

<p><b>Fair Value Measurement</b></p>

<ol start=4>

<p><li>The Board tentatively affirmed its conclusion that the grant-date fair value of EBC instruments issued by public entities is 

measurable with sufficient reliability for purposes of financial statement recognition.   [9/1/2004 Board Meeting]</p></li>

<p><li>The Board affirmed its conclusion not to require the use of a specific model for estimating the grant-date fair value of 

employee stock options. [9/1/2004 Board Meeting]</p></li>

<p><li>The Board affirmed the guidance in the proposed Statement relating to estimating the expected volatility of the price of the 

underlying share and its decision not to prescribe a single method of estimating volatility.  [9/1/2004 Board Meeting]</p></li>

<p><li>The Board decided to include in Appendix B of the proposed Statement a discussion of additional factors that may affect an 

employee's early exercise decision, such as an employee's age, length of service at the entity, the evolution of the stock price 

during the option term, and an employee's home jurisdiction (that is, domestic or foreign). [9/1/2004 Board Meeting]</p></li> 

<p><li>The Board considered a number of alternatives for accounting for the effect of an employee stock option's nontransferability 

suggested by constituents and affirmed its support for the notion of expected term as described in the proposed Statement.   

[9/1/2004 Board Meeting]</p></li>

<p><li>The Board affirmed the proposed treatment of awards with reload features. That treatment requires that each reload grant be 

accounted for as a new award, if and when granted; consequently, the effect of a reload feature would not be considered when 

measuring the grant-date fair value of an award.  [9/1/2004 Board Meeting]</p></li>

<p><li>The Board agreed and tentatively affirmed that the guidance in the proposed Statement would not preclude an entity from 

considering the effect of clauses that accelerate vesting of an award upon death and disability in estimating the expected term of an 

employee stock option.  

[9/1/2004 Board Meeting]</p></li>

<p><li>The Board affirmed the proposed accounting for certain contingent features (often referred to as clawback provisions) related 

to "noncompete," nonsolicitation, or fraudulent behavior.  [9/1/2004 Board Meeting]</p></li>

<p><li>The Board also considered, but decided not to provide, additional guidance on the following matters relating to measurement:  

(a) the meaning of statistical significance, (b) guidance in those situations in which historical information is not available, and 

(c) the number of steps needed to construct a binomial lattice.  [9/1/2004 Board Meeting]</p></li>

<p><li>The Board agreed that the guidance in Appendix B of the proposed Statement implies that an entity must have evidence 

supporting the fair value estimate.  [9/1/2004 Board Meeting]</p></li>

<p><li>The Board decided that changes in valuation techniques should be accounted for as changes in estimate; consequently, the Board 

directed the staff to combine paragraphs B17 and B18 of the proposed Statement and further modify them as necessary to reflect the 

decisions made during this meeting.  [9/1/2004 Board Meeting]</p></li>

<p><li>The Board decided to retain the alternative measurement method for situations in which it is not possible to reasonably 

estimate fair value.[9/1/2004 Board Meeting]</p></li>

</ol> 

<p><b>Recognition and Measurement of Equity-Based Compensation Liabilities</b></p>

<ol start=16>

<p><li>The Board reaffirmed the recognition and measurement approach for share-based payment liabilities of public companies and also 

reaffirmed that fair value is the appropriate measurement attribute for such liabilities.  [8/18/2004 Board Meeting]</li></p>

</ol>


<p><b>Attribution of Compensation Cost</b></p>

<ol start=17>
<li>The cost of employee services received in exchange for equity instruments should be recognized over the requisite service period. 

[8/4/2004 Board Meeting]<p>

<li>The key concepts underlying the definition of grant date in the Exposure Draft should be retained. [8/4/2004 Board Meeting]<p>

<li>The Board discussed and decided to modify the requirements for recognition of compensation cost when the service inception date, 

as defined in the Exposure Draft, precedes the grant date. 

[8/4/2004 Board Meeting]<p>

<li>The Board decided to retain the concepts of explicit, implicit, and derived service periods for determining the requisite service 

period of an award, to include their definitions in the glossary of the proposed Statement, and to include the example of a fully 

vested, deep out-of-the-money stock option in the definition of derived service period.  [8/18/2004 Board Meeting]<p>

<li>The Board decided to change the guidance for determining a derived service period.  The derived service period would be the 

median (as opposed to the mode, which was proposed in the Exposure Draft) of the distribution of paths of a path-dependent option-

pricing model on which the market condition is satisfied.  [8/18/2004 Board Meeting]<p>

<li>The Board decided that a change in the initial estimate of the requisite service period based on a performance or service 

condition would not result in the grant-date fair value of the award being revised using its grant-date inputs.  Rather, such a 

change would affect the period over which compensation cost is attributed.  [8/18/2004 Board Meeting]<p>

<li>The Board agreed to retain the definition of market condition in the Exposure Draft as well as the Exposure Draft’s attribution 

method for awards with market conditions.  [8/18/2004 Board Meeting]<p>

<li>The Board directed the staff to add an example in the implementation guidance that addresses the accounting for an exchange in 

which the award’s contractual term is unaffected by an employee’s termination of service.  [8/18/2004 Board Meeting]<p>

<li>The Board decided that no portion of compensation cost would be immediately attributable at the date of shareholder approval to a 

period prior to such approval even if vesting begins during that prior period.  [8/18/2004 Board Meeting]<p>

<li>The Board decided to provide additional guidance in the proposed Statement to identify situations in which the service inception 

date occurs before the grant date.  [8/18/2004 Board Meeting]<p>
</ol>

<p><b>Awards with Graded Vesting</b></p>
<ol start=27>
<p><li>With respect to awards with graded vesting, the Board decided to change the Exposure Draft’s requirements and instead use 

Statement 123’s original requirements. [8/18/2004 Board Meeting]</li></p>
</ol>
<p><b>Minimum Equity Withholdings, Clawback Features, Etc.</b></p>
<ol start=28>

<p><li>The Board addressed the accounting for certain share-based payment awards that contain a class of condition, including certain 

clawback provisions relating to noncompete requirements and illegal behavior as well as minimum equity holding requirements, that 

requires an employee to transfer cash or shares earned as a result of a share-based payment award to the issuing enterprise.  The 

Board concluded that such conditions would not cause an equity award to be classified as a liability. [8/18/2004 Board Meeting]

</li></p>
</ol>
<p><b>Modifications and Settlements</b></p>
<ol start=29>
<p><li>The Board decided to retain the guidance in paragraph 35(b) of the proposed Statement on the accounting for Type III 

modifications. [9/1/2004 Board Meeting]</li></p>
<p><li>The Board agreed to change paragraph 36 of the proposed Statement regarding equity restructurings to add the following 

clarifications:</li></p>
<ol type=a> 
<p><li>A a change to the terms of an award in accordance with antidilution provisions that are designed to equalize an option's value 

before and after an equity restructuring is a modification of an award (however, such modifications generally would not result in 

additional compensation cost if the antidilution provisions were properly structured).</li></p> 
<p><li>A change to the terms of an award in contemplation of an equity restructuring, or addingantidilution provisions in 

contemplation of an equity restructuring is a modification. However, a change to the terms of an award to add antidilution provisions 

in the absence of a contemplated equity restructuring is a modification that should not result in incremental compensation cost.  

[9/1/2004 Board Meeting]</li></p>
</ol> 
<p><li>The Board decided to change the guidance for a modification from a liability award to an equity award in a manner that is 

similar to the guidance in IFRS 2, <i>Share-based Payment.</i>   [9/1/2004 Board Meeting]</li></p>
</ol> 
<p><b>Spinoffs</b></p>
<ol start=32>
<p><li>The Board reconsidered the modification guidance for equity restructurings and decided there would be no exceptions to that 

guidance for spinoff transactions.  [9/1/2004 Board Meeting]</li></p>
</ol> 
<p><b>Equity and Liability Classification</b></p>
<ol start=33>
<p><li>The Board reaffirmed that the classification scheme of the proposed Statement is based on Concepts Statement 6 and that, 

consequently, it also incorporates the classification provisions of FASB Statement No. 150, <i>Accounting for Certain Financial 

Instruments with Characteristics of both Liabilities and Equity.</i>  [8/18/2004 Board Meeting]</li></p>
<p><li>The Board acknowledged that EITF Issue No. 00-19, “Accounting for Derivative Financial Instruments Indexed to, and Potentially 

Settled in, a Company’s Own Stock,” does not incorporate a substantive liability notion based on predominant cash settlement when an 

instrument permits the issuer a nominal choice of settlement alternatives (including net-cash settlement); therefore, Issue 00-19 and 

the proposed Statement provide different classification treatments for similar economic arrangements.  [8/18/2004 Board Meeting]

</li></p>
<p><li>The Board reaffirmed that awards containing conditions or other features relevant in measuring fair value indexed to something 

other than a market, performance, or service condition should be accounted for as liabilities.   [8/18/2004 Board Meeting]</li></p>
<p><li>The Board decided to provide guidance in the proposed Statement similar to that in Issue 31 of EITF Issue No. 00-23, “Issues 

Related to the Accounting for Stock Compensation under APB Opinion No. 25 and FASB Interpretation No. 44.”  That guidance would 

create a narrow exception:  awards of equity instruments with fixed exercise prices denominated in certain foreign currencies (for 

example, the functional currency of the employer or the currency in which the employee is paid) would not be classified as 

liabilities under the Board’s decision noted in Item 35 above.  [8/18/2004 Board Meeting]</li></p>
<p><li>The Board reaffirmed and further clarified its position on accounting for financial instruments originally issued under 

arrangements subject to the proposed Statement that cease to be compensatory in nature (and therefore cease to be subject to the 

proposed Statement).   [8/18/2004 Board Meeting]

</li></p>
<p><li>The Board decided to eliminate footnote 11(c) of the proposed Statement and requested that the staff consider how the intent 

of footnote 11(c) might be better described in the basis for conclusions relating to the interaction of the proposed Statement and 

Statement 150.  [8/18/2004 Board Meeting]</li></p>
<p><li>The Board clarified that the guidance in paragraph 25C of the proposed Statement relating to a broker-assisted cashless 

exercise also could apply to a portion of an award and decided that (a) the definition of cashless exercise should be renamed to 

broker-assisted cashless exercise and (b) footnote 9(f) should be modified to state that the sale must occur in a normal settlement 

period.  [8/18/2004 Board Meeting]</li></p>
<p><li>The Board reaffirmed the guidance in paragraph 25C of the proposed Statement on minimum statutory withholding taxes and 

expanded it to include minimum statutory withholding taxes for all relevant tax authorities.   [8/18/2004 Board Meeting]</li></p>
</ol>
<p><b>Accounting for Income Tax Effects of Share-Based Payment Awards</b></p>
<ol start=41>
<p><li>The Board decided to change the method for equity awards from that specified in the Exposure Draft to the method originally 

promulgated in Statement 123.  [8/25/04 Board Meeting]</li></p>
<p><li>The Board reaffirmed its support for the amendment made to FASB Statement No. 95, <i>Statement of Cash Flows,</i> that would 

require excess tax benefits, as defined in the proposed Statement, to be reported as a financing cash inflow.  The Board also 

directed the staff to consider whether any revisions to that amendment are necessary in light of the Board’s decision to change the 

method of accounting for income tax effects. [8/25/04 Board Meeting]</li></p>
</ol>
<p><b>Transition Alternatives for Public Entities</b></p>
<ol start=43>
<p><li>The Board affirmed its support for the modified prospective transition method in the proposed Statement. [9/1/2004 Board 

Meeting]</li></p>
<p><li>The Board decided to permit the use of a modified restrospective method of transition. Under that transition method, an entity 

would recognize employee compensation cost for prior periods presented in accordance with the original provisions of Statement 123; 

that is, an entity would recognize employee compensation cost in the amounts reported in the pro forma disclosures provided in 

accordance with Statement 123.  [9/1/2004 Board Meeting]</li></p> 
<p><li>The Board affirmed that an alternative transition method would not be permitted for those entities that previously adopted 

Statement 123 under the prospective transition method permitted by FASB Statement No. 148, <i>Accounting for Stock-Based 

Compensation&#151;Transition and Disclosure.</i>  [9/1/2004 Board Meeting]</li></p>
</ol>
<p><b>Employee Share Purchase Plans</b></p>
<ol start=46>
<p><li>The Board tentatively decided to modify the guidance for determining the compensatory status of ESPPs in the Exposure Draft.  
 [8/25/04 Board Meeting]

</li></p>
</ol>


<a name=board_mtg_dates>
<p><font color=800033 size=4><b>*</b></font><b>Board Meeting and Public Meeting Dates</b></p>

<p>The following are links to the minutes for each meeting.</p>

<table>

<tr>
<td width=35% valign=top>September 15, 2004</td>
<td width=65%><b>Informational Board Meeting</b>&#151;Meeting with constituents to discuss measurement of employee stock options.  

The meeting was informational and no Board decisions were made.
</td>
<!--<td width=65%><a href=../board_meeting_minutes/09-15-04_ebc.pdf><b>Board Meeting</b></a>&#151;Meeting with constituents to 

discuss measurement of employee stock options.  The meeting was informational and no Board decisions were made</td>-->
</tr>


<tr>
<td width=35% valign=top>September 8, 2004</td>
<td width=65%><b>Board Meeting</b>&#151;Redeliberations regarding Employee Share Purchase Plans and Disclosures</td>
<!--<td width=65%><a href=../board_meeting_minutes/09-08-04_ebc.pdf><b>Board Meeting</b></a>&#151;Redeliberations regarding Employee 

Share Purchase Plans and Disclosures</td>-->
</tr>

<tr>
<td width=35% valign=top>September 1, 2004</td>
<td width=65%><b>Board Meeting</b>&#151;Redeliberations regarding Modified Grant-Date Method and Deep Out-of-the-Money Stock Options, 

Fair Value Measurement, Modifications and Settlements, Spinoffs, and Transition Alternatives for Public Entities</td>
<!--<td width=65%><a href=../board_meeting_minutes/09-01-04_ebc.pdf><b>Board Meeting</b></a>&#151;Redeliberations regarding Modified 

Grant-Date Method and Deep Out-of-the-Money Stock Options, Fair Value Measurement, Modifications and Settlements, Spinoffs, and 

Transition Alternatives for Public Entities</td>-->
</tr>

<tr>
<td width=35% valign=top>August 25, 2004</td>
<td width=65%><b>Board Meeting</b>&#151;Redeliberations regarding Income Tax Effects of Share-Based Payment Awards and Employee Share 

Purchase Plans</td>
<!--<td width=65%><a href=../board_meeting_minutes/08-25-04_ebc.pdf><b>Board Meeting</b></a>&#151;Redeliberations regarding Income 

Tax Effects of  Share-Based Payment Awards and Employee Share Purchase Plans</td>-->
</tr>

<tr>
<td width=35% valign=top>August 18, 2004</td>
<td width=65%><a href=../board_meeting_minutes/08-18-04_ebc.pdf><b>Board Meeting</b></a>&#151;Redeliberations regarding Requisite 

Service Period, Service Inception Date, Awards with Graded Vesting and Equity and Liability Classification</td>
</tr>

<tr>
<td width=35% valign=top>August 4, 2004</td>
<td width=65%><a href=../board_meeting_minutes/08-04-04_ebc.pdf><b>Board Meeting</b></a>&#151;Comment Letter Summary, Redeliberations 

regarding Recognition, Measurement Attribute and Date, and Requisite Service Period</td>
</tr>

<tr>
<td width=35% valign=top>June 24 & 29, 2004</td>
<td width=65%><a href=../board_meeting_minutes/06-24&29-04_sbp_roundtable.pdf><b>Roundtable Meetings</b></a>&#151;Discussion with 

constituents regarding the Exposure Draft</td>
</tr>

<tr>
<td width=35% valign=top>June 9, 2004</td>
<td width=65%><a href=../board_meeting_minutes/06-09-04_bcpm_revised_final.pdf><b>Board Meeting</b></a>&#151;Discussion of EBC awards 

exchanged in a business combination</td>
</tr>

<tr>
<td width=35% valign=top>April 7, 2004</td>
<td width=65%><a href=../board_meeting_minutes/04-07-04_bcpm.pdf><b>Board Meeting</b></a>&#151;Discussion of EBC awards exchanged in 

a business combination</td>
</tr>

<tr>
<td width=35% valign=top>March 16, 2004</td>
<td width=65%><a href=../board_meeting_minutes/03-16-04_ebc.pdf><b>Board Meeting</b></a>&#151;Discussion of Transition Issues</td>
</tr>

<tr>
<td width=35% valign=top>March 3, 2004</td>
<td width=65%><a href=../board_meeting_minutes/03-03-04_ebc.pdf><b>Board Meeting</b></a>&#151;Discussion of Certain Transition 

Issues</td>
</tr>

<tr>
<td width=35% valign=top>February 18, 2004</td>
<td width=65%><a href=../board_meeting_minutes/02-18-04_ebc.pdf><b>Board Meeting</b></a>&#151;Discussion of External Review 

Issues</td>
</tr>

<tr>
<td width=35% valign=top>February 11, 2004</td>
<td width=65%><a href=../board_meeting_minutes/02-11-04_ebc.pdf><b>Board Meeting</b></a>&#151;Discussion of Cost-Benefit Procedures, 

Fair Value Measurement, and PreBallot Draft Authorization</td>
</tr>

<tr>
<td width=35% valign=top>January 14, 2004</td>
<td width=65%><a href=../board_meeting_minutes/01-14-04_ebc.pdf><b>Board Meeting</b></a>&#151;Discussion of Certain Drafting and 

Other Issues</td>
</tr>

<tr>
<td width=35% valign=top>November 26, 2003</td>
<td width=65%><a href=../board_meeting_minutes/11-26-03_ebc.pdf><b>Board Meeting</b></a>&#151;Discussion of Disclosures and 

Transition and Effective Date for Nonpublic Enterprises</td>
</tr>

<tr>
<td width=35% valign=top>November 19, 2003</td>
<td width=65%><a href=../board_meeting_minutes/11-19-03_ebc.pdf><b>Board Meeting</b></a>&#151;Discussion of Income Taxes, Related 

Party Transactions, and Other Issues</td>
</tr>

<tr>
<td width=35% valign=top>November 11, 2003</td>
<td width=65%><a href=../board_meeting_minutes/11-11-03_ebc.pdf><b>Board Meeting</b></a>&#151;Discussion of Interaction of Statements 

123 and 150 and Other Issues</td>
</tr>

<tr>
<td width=35% valign=top>October 29, 2003</td>
<td width=65%><a href=../board_meeting_minutes/10-29-03_ebc.pdf><b>Board Meeting</b></a>&#151;Discussion of Disclosures, Transition 

and Effective Date, and Certain Definitions</td>
</tr>

<tr>
<td width=35% valign=top>October 22, 2003</td>
<td width=65%><a href=../board_meeting_minutes/10-22-03_ebc.pdf><b>Board Meeting</b></a>&#151;Discussion of Convergence Issues</td>
</tr>

<tr>
<td width=35% valign=top>October 15, 2003</td>
<td width=65%><a href=../board_meeting_minutes/10-15-03_ebc.pdf><b>Board Meeting</b></a>&#151;Discussion of Other Valuation Issues 

and Income Taxes</td>
</tr>

<tr>
<td width=35% valign=top>October 8, 2003</td>
<td width=65%><a href=../board_meeting_minutes/10-08-03_ebc.pdf><b>Board Meeting</b></a>&#151;Discussion of Certain Definitions and 

Other Issues</td>
</tr>

<tr>
<td width=35% valign=top>October 1, 2003</td>
<td width=65%><a href=../board_meeting_minutes/10-01-03_ebc.pdf><b>Board Meeting</b></a>&#151;Discussion of Attribution and Valuation 

Issues</td>
</tr>

<tr>
<td width=35% valign=top>September 17, 2003</td>
<td width=65%><a href=../board_meeting_minutes/09-17-03_ebc.pdf><b>Board Meeting</b></a>&#151;Discussion of Modifications and Related 

Issues</td>
</tr>

<tr>
<td width=35% valign=top>September 10, 2003</td>
<td width=65%><a href=../board_meeting_minutes/09-10-03_ebc.pdf><b>Board Meeting</b></a>&#151;Discussion of Valuation Issues</td>
</tr>

<tr>
<td width=35% valign=top>August 27, 2003</td>
<td width=65%><a href=../board_meeting_minutes/08-27-03_stockcomp.pdf><b>Board Meeting</b></a>&#151;Discussion of Modifications and 

Settlements</td>
</tr>

<tr>
<td width=35% valign=top>August 13, 2003</td>
<td width=65%><a href=../board_meeting_minutes/08-13-03_stockcomp.pdf><b>Board Meeting</b></a>&#151;Discussion of the Definition of 

Grant Date, Cash-Settled EBC Arrangements, and Statement 150 Issues</td>
</tr>

<tr>
<td width=35% valign=top>July 23, 2003</td>
<td width=65%><a href=../board_meeting_minutes/07-23-03_stockcomp.pdf><b>Board Meeting</b></a>&#151;Discussion of Income Tax 

Effects</td>
</tr>

<tr>
<td width=35% valign=top>July 8, 2003</td>
<td width=65%><a href=../board_meeting_minutes/07-08-03_ovg_minutes.pdf><b>Public Meeting with Option Valuation Group</b></a></td>
</tr>

<tr>
<td width=35% valign=top>June 18, 2003</td>
<td width=65%><a href=../board_meeting_minutes/06-18-03_stockcomp.pdf><b>Board Meeting</b></a>&#151;Measurement Date for Nonemployee 

Transactions</td>
</tr>

<tr>
<td width=35% valign=top>May 7, 2003</td>
<td width=65%><a href=../board_meeting_minutes/05-07-03_stockcomp.pdf><b>Board Meeting</b></a>&#151;Discussion of Measurement and 

Attribution Issues</td>
</tr>

<tr>
<td width=35% valign=top>April 22, 2003</td>
<td width=65%><a href=../board_meeting_minutes/04-22-03_share-based_payment.pdf><b>Board Meeting</b></a>&#151;Discussion of 

Measurement and Recognition Issues</td>
</tr>

<tr>
<td width=35% valign=top>March 12, 2003</td>
<td width=65%><a href=../board_meeting_minutes/03-12-03_stockcomp.pdf><b>Board Meeting</b></a>&#151;Addition of project to technical 

agenda</td>
</tr>
</table>


<a name=related_articles>
<p><b>Related FASB Articles</b></p>

<p>None.</p>

<a name=addl_info>
<p><b>Additional Information for Interested Constituents</b></p>

<p>The FASB has received requests from constituents for information on (a) arguments for and against recognizing EBC as an expense in 

the income statement, (b) historical background on the deliberations and issuance of Statement 123, and (c) other issues related to 

EBC. That information is contained in Statement 123’s basis for conclusions. </p>

<ul type=disc>
<li><a href=../ocl/fasb-getletters.php?project=1102-100><b>Comment Letters&#151;Share-Based Payment&#151;Exposure Draft</b></a></li>

<li><a href=../ocl/fasb-getletters.php?project=1101-SCU><b>Comment Letters&#151;Equity-Based Compensation Project&#151;Unsolicited 

Letters</b></a></li>

<li><a href=../ocl/fasb-getletters.php?project=1102-001><b>Comment Letters&#151;Invitation to Comment&#151;Equity-Based 

Compensation</b></a></li>
</ul>

<a name=contact_info>
<p><b>Contact Information</b></p>

<p>Michael Tovey<br>
Project Manager<br>
<a href=mailto:mwtovey@fasb.org><b>mwtovey@fasb.org</b></a></p>

<p>Danielle T. Zeyher<br>
Project Manager<br>
<a href=mailto:dtzeyher@fasb.org><b>dtzeyher@fasb.org</b></a></p>



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Can someone verify if my scenario is a bug or not? Should I enter open an issue?

Your code contains invalid HTML like

<ol start=46>
<p><li>The Board tentatively decided to modify the guidance for determining the compensatory status of ESPPs in the Exposure Draft. 
[8/25/04 Board Meeting]

</li></p>
</ol>

So anything can happen when you provide something that way.
Fix your HTML and then if you think that there is still some problem, create a minimal testcase.