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generally become exercisable to the extent of one-third of the optioned shares for each full year following the date of grant and generally expire ten years after the date of grant. The number of options and period of service required before the options may be exercised are determined by the Board of Directors at the time 

of grant. No options may be exercised more than ten years from the date of the grant. 

A summary of the Company’s non-qualified and incentive stock option activity and related information for the years ended December 31, 2004, 2003 and 2002 is shown in the following table: 

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Exercise prices for optioned shares outstanding as of December 31, 2004 ranged from $16.34 to $41.73. A summary of these options by range of exercise prices is as follows: 

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