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This excerpt taken from the HPQ DEF 14A filed Jan 27, 2010. Option means a right granted under Section 8
to purchase a number of Shares or Stock Units at such exercise price, at such
times, and on such other terms and conditions as are specified in the agreement
or other documents evidencing the Award (the Option
Agreement). Both Options intended to qualify as Incentive Stock
Options and Nonstatutory Stock Options may be granted under the Plan.
(bb) Participant means an individual who has been granted an Award or any person (including any estate) to whom an Award has been assigned or transferred as permitted hereunder.
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