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FL » Topics » Exercisability and Term of Options

This excerpt taken from the FL 8-K filed Feb 18, 2005.
Exercisability and Term of Options. Options granted for the 2002 fiscal year shall become exercisable in three substantially equal installments commencing on the first annual anniversary of the Date of Grant, provided that the holder of such Option is a Nonemployee Director on each such anniversary. For Options granted beginning with the 2003 fiscal year, Options shall fully vest one year following the Date of Grant, provided that the holder of such Option is a Nonemployee Director on such date. Options shall be exercisable until the earlier of ten years from the Date of Grant or the expiration of the one-year period following the date of Termination as provided in Section 7.2(d).

 

(d)       

"Exercisability and Term of Options" elsewhere:

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