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What happens to stock options and restricted stock awards?

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What happens to stock options and restricted stock awards?

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Employees cannot exercise stock options until the Company is current with required SEC periodic filings. If the Company becomes current with its filings before the merger transaction is completed, employees will be able to exercise vested stock options at the current market price through the Smith Barney website (www.benefitaccess.com) or by calling Smith Barney at 1-800-842-0409 (in the U.S.) or 1-212-615-7835 (outside the U.S.) up until the time the merger transaction is completed. Please note, however, that the trading of Company stock is at all time also subject to the restrictions on insider trading set forth by Company Policy 19, as noted in question #3 above. If the Company is not current with its filings prior to the merger or if vested stock options are not exercised before the merger transaction is completed, stock options will be cashed out at $65 per share less the exercise price. If options have a strike price that is higher than $65, the options will be cancelled because

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