bucks) 8% 11% >$500K Annualized GPV $11SK-$500IC Annualized GPV 4$115K Annualized GPV 2011 2012 1013 2014 2015 03 03 03 11 Table of Contentr, Risks Our business is subject to numerous risks and uncertainties, including those highlighted in the section titled "Risk Factors* following thi

compared to the nine months ended September 30. 2014. The increase was attributable to increased sales of Square Stand and third-party 77 Table of Contentr, peripherals, as well as the launch of our Square Reader for EMV chip cards in the second quarter of 2015. Hardware costs associated with the produ

ctor or officer shall undertake to repay such advances if it is ultimately determined that such person is not entitled to indemnification. Table of Contentr • The Registrant is not obligated pursuant to the amended and restated bylaws to indemnify a person with respect to proceedings initiated by that p

g so ruled, the PTAB did not need to consider additional grounds for rejecting the '248 and '729 Patent claims). Following the PTAB's 145 Table of Contentr, ruling, REM filed a response on the '248 Patent, substantially amending (i.e., adding new limitations to) five of the seven claims the PTAB had fo

r stockholders or the anniversary of the prior annual meeting of our stockholders, subject to Mr. Viniar's continued service with us. 155 Table of Contentr, Directors who are also our employees receive no additional compensation for their service as directors. During 2014, Mr. Dorsey was our only emplo

uant to the exercise of a stock appreciation right must be no less than 100% of the fair market value per share on the date of grant. 161 Table or Contentr, Restricted Stock. Restricted stock may be granted under our 2015 Plan. Restricted stock awards are grants of shares of our Class A common stock t