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64
4. Eligibility
Options,฀Rights,฀Performance฀Units,฀Restricted฀Stock฀and฀Incentive฀Shares฀may฀be฀granted฀or฀awarded฀
only฀to฀Employees฀and฀Directors.฀Cash฀Bonuses฀may฀ only฀be฀awarded฀to฀Employees.฀In฀no฀ event฀may฀ any฀
participant฀receive฀awards฀and฀grants฀totaling฀more฀than฀3,750,000฀Shares฀in฀the฀aggregate฀under฀this฀Plan,฀
and฀no฀single฀Cash฀Bonus฀to฀a฀participant฀may฀exceed฀$5,000,000.
5. Shares Subject to the Plan
5.1฀ The฀maximum฀number฀of฀Shares฀that฀may฀be฀issued฀under฀the฀Plan฀is฀25,000,000฀Shares.฀Except฀
as฀ otherwise฀ provided฀ in฀ the฀ following฀ sentence,฀ the฀ maximum฀ number฀ of฀ Shares฀ that฀ may฀ be฀ issued฀ as฀
Restricted฀Stock,฀Incentive฀Shares,฀or฀Performance฀Units฀under฀the฀Plan฀is฀10,000,000฀Shares฀in฀the฀aggregate.฀
Notwithstanding฀the฀foregoing,฀the฀Committee฀for฀the฀Insider฀Program฀may฀increase฀the฀number฀of฀Shares฀that฀
may฀be฀issued฀as฀Restricted฀Stock,฀Incentive฀Shares,฀or฀Performance฀Units฀to฀an฀amount฀in฀excess฀of฀10,000,000฀
Shares,฀provided฀that฀for฀each฀such฀Share฀in฀excess฀of฀10,000,000฀Shares฀that฀are฀issued฀as฀Restricted฀Stock,฀
Incentive฀Shares,฀or฀Performance฀Units,฀in฀the฀aggregate,฀the฀number฀of฀Shares฀that฀may฀be฀issued฀under฀the฀
Plan฀will฀be฀reduced฀by฀four฀Shares.฀In฀addition฀to฀the฀decisions฀that฀it฀makes฀in฀administering฀the฀Insider฀
Program,฀annually฀the฀Committee฀for฀the฀Insider฀Program฀will฀approve฀the฀number฀of฀Shares฀to฀be฀granted฀
under฀the฀Non-Insider฀Program฀for฀that฀fiscal฀year.฀
5.2฀ If฀ an฀ Option,฀ Right฀ or฀ Performance฀ Unit฀ expires฀ or฀ terminates฀ for฀ any฀ reason฀ (other฀ than฀
termination฀by฀virtue฀of฀the฀exercise฀of฀a฀Related฀Option,฀Related฀Right฀or฀a฀Related฀Performance฀Unit,฀as฀the฀
case฀may฀be)฀without฀having฀been฀fully฀exercised,฀if฀Shares฀of฀Restricted฀Stock฀are฀forfeited฀or฀if฀Incentive฀
Shares฀are฀not฀issued฀or฀are฀forfeited,฀the฀unissued฀or฀forfeited฀Shares฀that฀had฀been฀subject฀to฀the฀Agreement฀
relating฀thereto฀will฀become฀available฀for฀the฀grant฀of฀other฀Options,฀Rights฀and฀Performance฀Units฀or฀for฀
the฀award฀of฀additional฀Restricted฀Stock฀or฀Incentive฀Shares,฀provided฀that฀in฀the฀case฀of฀forfeited฀Shares,฀the฀
Grantee฀has฀received฀no฀dividends฀prior฀to฀forfeiture฀with฀respect฀to฀such฀Shares.฀
6. Options
6.1฀ The฀Committee฀is฀authorized฀to฀grant฀Options฀to฀Employees฀and฀Directors.฀
6.2฀ The฀Option฀Period฀for฀Options฀granted฀to฀Employees฀and฀Directors฀will฀be฀determined฀by฀the฀
Committee฀ and฀ specifically฀ set฀ forth฀ in฀ the฀ Agreement.฀ No฀ Option฀ will฀ be฀ exercisable฀ before฀ six฀ months฀
after฀the฀Date฀of฀Grant฀(except฀that฀this฀limitation฀need฀not฀apply฀in฀the฀event฀of฀the฀death฀or฀disability฀of฀the฀
Optionee฀within฀the฀six-month฀period)฀or฀after฀ten฀years฀from฀the฀Date฀of฀Grant.฀
6.3฀ The฀maximum฀number฀of฀Shares฀with฀respect฀to฀which฀Options฀may฀be฀granted฀to฀any฀Employee฀
or฀Director฀under฀this฀Plan฀during฀its฀term฀is฀3,750,000฀Shares.฀In฀no฀event฀will฀the฀Option฀Price฀of฀an฀Option฀
be฀less฀than฀the฀Fair฀Market฀Value฀of฀a฀Share฀at฀the฀time฀of฀the฀grant.
6.4฀ Except฀in฀connection฀with฀a฀corporate฀transaction฀involving฀the฀company฀(including,฀without฀
limitation,฀ any฀ stock฀ dividend,฀ stock฀ split,฀ extraordinary฀ cash฀ dividend,฀ recapitalization,฀ reorganization,฀
merger,฀ consolidation,฀ split-up,฀ spin-off,฀ combination,฀ or฀ exchange฀ of฀ shares)฀ or฀ as฀ otherwise฀ permitted฀
pursuant฀to฀Article฀13฀or฀Article฀15,฀the฀Option฀Price฀of฀an฀Option฀as฀set฀forth฀on฀the฀Date฀of฀Grant฀will฀not฀be฀
reduced฀during฀the฀term฀of฀the฀Option,฀nor฀will฀Options฀be฀canceled฀in฀exchange฀for฀cash,฀other฀awards,฀or฀
newly issued Options with an Option Price that is less than the Option Price of the original Options without
shareholder฀approval฀(i.e.,฀Options฀will฀not฀be฀“repriced”).
6.5฀ All฀other฀terms฀of฀Options฀granted฀under฀the฀Plan฀will฀be฀determined฀by฀the฀Committee฀in฀its฀
sole discretion.
7. Rights
7.1฀ The฀Committee฀is฀hereby฀authorized฀to฀grant฀Rights฀to฀Employees฀and฀Directors.฀
7.2฀ A฀Right฀may฀be฀granted฀under฀the฀Plan:฀
฀ (a)฀ in฀connection฀with,฀and฀at฀the฀same฀time฀as,฀the฀grant฀of฀an฀Option฀under฀the฀Plan;฀or฀
฀ (b)฀ independently฀of฀any฀Option฀granted฀under฀the฀Plan.฀