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ALL » Topics » Section 2.12. Exercise Period means the period during which a Stock Option is exercisable, as set forth in the related Award Agreement.

This excerpt taken from the ALL 8-K filed Sep 12, 2006.

Section 2.12.      “Exercise Period” means the period during which a Stock Option is exercisable, as set forth in the related Award Agreement.

Section 2.13.      “Fair Market Value” means, as of any applicable date, the average of the high and low prices of the Stock as reported in the consolidated transaction reporting system, or if there was no such reported sale on the relevant date, then on the last previous day on which a sale was reported.

Section 2.14.      “Family Member” means any spouse, child, stepchild or grandchild, including adoptive relationships; a trust in which these persons have more than fifty (50) percent of the beneficial interest; a foundation in which these persons (or the Non-Employee Director) control the management of assets; and any other entity in which these persons (or the Non-Employee Director) own more than fifty (50) percent of the voting interests.

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