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The term of a Free-Standing Appreciation Right may not extend more than ten years froff m the date of grant.
Patterson has remained in continuous employment with the Company, then the remaining 50,000 performance shares shall become non-forff feitable and fully vested on May 15, 2024.
e) Regarding Free-Standing Appreciation Rights only: (i) Each grant will specify in respect of each Free-Standing Appreciation Right a Base Price, which (except with respect to awards under Section 22 of this Plan) will be equal to or greater than the Market Value per Share on the Date of Grant; (ii) Successive grants may be made to the same Participant regardless of whether any Free-Standing Appreciation Rights previously granted to the Participant remain unexercised; and (iii) No Free-Standing Appreciation Right granted under this Plan may be exercised more than 10 years froff m the Date of Grant. 6.