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<img src='content_image/79518.jpg'>

The options outstanding at the end of 2000 had the following characteristics. 

<img src='content_image/79517.jpg'>

## Performance-Based Options 

The Plan provides for the granting of performance-based options to executive management with vesting based upon the performance of the Company’s common stock price. The options become exercisable, as to 50% of the grant, when the market price of a common share exceeds $40.00 per share for 20 consecutive trading days during the period January 20, 1998 to December 31, 2002. If the share price exceeds $45.00 during the same period the grant is fully exercisable. The performance-based options expire on January 1, 2003 but will extend to January 20, 2006 if the options become exercisable before December 31, 2002. None of the performance-based options have met the vesting conditions at December 31, 2000. A summary of the status of the Company’s performance-based options is presented below. 

<img src='content_image/79516.jpg'>

