Today the IRS released final rules under Section 162(m), adopting the proposed regulations with some modifications.  The final rules confirm that a plan satisfies the per-employee limitation requirement if the plan specifies an aggregate maximum number of shares with respect to which stock options, stock appreciation rights, restricted stock, restricted stock units, and other equity-based awards may be granted to any individual employee during a specified period under a plan approved by shareholders in accordance with Treas. Reg. §1.162-27(e)(4).