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ALL » Topics » Forfeitability.

This excerpt taken from the ALL DEF 14A filed Mar 27, 2006.

Forfeitability.

        Subject to exceptions for death, disability, and retirement, an employee will forfeit all unexercised options three months after termination of employment unless the committee determines otherwise. Unless otherwise provided by the committee, all other unvested awards shall terminate and be forfeited on the date of an employee's termination of employment or failure to achieve specific performance goals.

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