DuPont 2011 Annual Report Download - page 106

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VII. OPTION PRICE
The price per share of the Company's common stock which may be purchased upon exercise of a stock option granted under this Plan shall be determined by
the Compensation Committee, but shall in no event be less than the fair market value of such share on the date the stock option is granted, and in no event less
than the par value thereof. The price so determined also shall be applicable to any accompanying stock appreciation right. For purposes of this Plan, fair
market value shall be the closing price of the Company's common stock as reported on the "NYSE-Composite Transactions Tape" on the date of grant of a
stock option or the date of exercise of a stock option or stock appreciation right, or if no sales of such stock were reported on said Tape on such date, the
closing price of such stock on the next preceding day on which sales were reported on said Tape. Such price shall be subject to adjustment as provided in
Article XII hereof.
VIII. OPTION TERM
The term of each stock option and each stock appreciation right granted under this Plan shall be for such period as the Compensation Committee shall
determine, but not for more than ten years from date of grant.