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FL » Topics » Term and Exercisability of Options

This excerpt taken from the FL 8-K filed Jun 5, 2007.
Term and Exercisability of Options.   Unless otherwise specified in the applicable Award Agreement, Options granted to Nonemployee Directors 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(b)(4).

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