Exercise. Each Option shall become and be exercisable at such time or times and during such period or periods, in full or in such installments as may be determined by the Board at the Option Date. To the extent provided by the Board, the full purchase price of each share of Stock purchased upon the exercise of any Non-Qualified Stock Option shall be paid in cash or in shares of Stock (valued at Fair Market Value as of the day of exercise), or in any combination thereof, at the time of such exercise and, as soon as practicable thereafter, a certificate representing the shares so purchased shall be delivered to the person entitled thereto. In addition, unless restricted by the Board, Participants may elect to pay the purchase price of shares of Stock purchased upon the exercise of Non-Qualified Stock Options in cash or through the constructive delivery at the time of such exercise of shares of Stock (valued at Fair Market Value as of the day of exercise) already owned by the Participant, or any combination thereof, equivalent to the purchase price of such Non-Qualified Stock Options, and, as soon as practicable thereafter, a certificate representing the net number of shares so purchased shall be delivered to the person entitled thereto. Participants also may elect to pay, unless restricted by the Board, the purchase price, in whole or in part, of shares of Stock purchased upon the exercise of Non-Qualified Options through the Company=s withholding of shares of Stock (valued at Fair Market Value as of the day of exercise) that would otherwise by issuable upon exercise of such options equivalent to the purchase price of such Non-Qualified Stock Options and, as soon as practicable thereafter, a certificate representing the net number of shares so purchased shall be delivered to the person entitled thereto.

Such notice shall be accompanied by payment in full of the Option shall become and be exercisableExercise Price of the shares of Stock for which the Option is exercised, in cash or by check or such other instrument as the Committee may accept. Subject to the prior approval of the Committee, in its sole discretion, at such time or times and during such period or periods,after grant, payment, in full or in such installments aspart, of the Option Exercise Price may be determinedmade in the form of unrestricted Stock then owned by the Board atParticipant or Stock that is part of the Option Date. To the extent provided by the Board, the full purchase price of each share of Stock purchased upon the exercise of any Non-Qualified Stock Option being exercised. The value of each such share surrendered or withheld shall be paid in cash or in shares of Stock (valued atequal to the Fair Market Value as of the day of exercise), or in any combination thereof, atStock on the time of such exercise and, as soon as practicable thereafter, a certificate representingdate immediately preceding the shares so purchased shall be delivered todate the person entitled thereto. In addition, unless restricted by the Board, Participants may elect to pay the purchase price of shares of Stock purchased upon the exercise of Non-Qualified Stock Options in cash or through the constructive delivery at the time of such exercise of shares of Stock (valued at Fair Market Value as of the day of exercise) already owned by the Participant, or any combination thereof, equivalent to the purchase price of such Non-Qualified Stock Options, and, as soon as practicable thereafter, a certificate representing the net number of shares so purchased shall be delivered to the person entitled thereto. Participants also may elect to pay, unless restricted by the Board, the purchase price, in whole or in part, of shares of Stock purchased upon the exercise of Non-Qualified Options through the Company=s withholding of shares of Stock (valued at Fair Market Value as of the day of exercise) that would otherwise by issuable upon exercise of such options equivalent to the purchase price of such Non-Qualified Stock Options and, as soon as practicable thereafter, a certificate representing the net number of shares so purchased shall be delivered to the person entitled thereto.Option is exercised.

Exercise. Each Option shall become and be exercisable at such time or times and during such period or periods, in full or in such installments as may be determined by the Board at the Option Date. To the extent providedIn addition, if permitted by the Board,Board or the full purchase price of each share of Stock purchased upon the exercise of any Non-Qualified Stock Option shall be paid in cash or in shares of Stock (valued at Fair Market Value asterms of the day of exercise), or in any combination thereof, at the time ofOption Grant Certificate evidencing such exercise and, as soon as practicable thereafter, a certificate representing the shares so purchased shall be delivered to the person entitled thereto. In addition, unless restricted by the Board,Stock Option, Participants may elect to pay the purchase price of shares of Stock purchased upon the exercise of Non-QualifiedIncentive Stock Options in cash or through the constructive delivery at the time of such exercise of shares of Stock (valued at Fair Market Value as of the daydate of exercise) already owned by the Participant, or any combination thereof, equivalent to the purchase price of such Non-QualifiedIncentive Stock Options, and, as soon as practicable thereafter, a certificate representing the net numberOptions. A Participant’s payment of shares so purchased shall be delivered to the person entitled thereto. Participants also may elect to pay, unless restricted by the Board, the purchase price,price in whole or in part, of shares of Stock purchased uponconnection with the exercise of Non-Qualified Optionsan Incentive Stock Option through delivery of share of Stock (“ISO Stock”) that were acquired through the Company=s withholdingexercise of sharesan Incentive Stock Option and that have not been held for more than one year will be considered a disposition (within the meaning of Stock (valued at Fair Market Value asCode Section 422(c)) of ISO Stock, resulting in the disqualification of the dayISO Stock from treatment as an Incentive Stock Option under Code Section 422, and the Participant’s recognition of exercise) that would otherwiseordinary income. Participants should consult with their tax advisors prior to electing to exercise an Incentive Stock Option by issuable upon exercise of such options equivalent to the purchase price of such Non-Qualified Stock Options and, as soon as practicable thereafter, a certificate representing the net number of shares so purchased shall be delivered to the person entitled thereto.this method.