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This excerpt taken from the AKS 8-K filed Oct 22, 2008. Duration of
Options. Each Option shall be exercisable for such period as
the Committee shall determine at the time of grant. No Option shall
be exercisable later than the tenth (10th) anniversary of the date of its
grant.
6.5 Exercise
of Options.
(a) Options
granted under the Plan shall be exercisable at such times and be subject to such
restrictions and conditions as the Committee shall in each instance approve,
which need not be the same for each grant or for each
Participant. The Committee may provide, by rule or regulation or in
any Option Award Agreement, that the exercisability of an Option may be
accelerated or extended under various circumstances to a date not later than the
latest expiration date permitted in accordance with Section 6.4.
(b) Each
Option shall be exercisable only by delivery to the Committee in care of the
Secretary of the Company of a written notice of exercise in such form as the
Committee may require. A notice of exercise shall: specify the number
of shares to be purchased, shall be signed by the Participant or holder of the
Option and shall be dated the date the signature is affixed.
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