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Unexercised Option

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Unexercised Option
An option in which the holder does not buy (in a call) or sell (in a put) the underlying asset by or on the expiration date. An option holder may let a contract expire unexercised because the price of the underlying has moved in an unfavorable direction or if exercising would harm his/her overall investment strategy. In an unexercised option, the contract becomes worthless and the holder loses the premium he/she paid to purchase it.


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Unexercised options and award terms could extend the contract period of performance three additional years to 2017 and increase the total value to more than $376 million.
Figures are for 40-man rosters and include salaries and prorated shares of signing bonuses, earned incentive bonuses, non-cash compensation, buyouts of unexercised options and cash transactions.
Employees and directors in the group currently hold outstanding unexercised options granted under the 2005 Scheme (or previous schemes) to acquire a total of 8,470,000 ordinary shares in the capital of the Company for an exercise price which is above the current market value of the shares.
 
 
 
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