Id | Content |
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F1 | The options have a five year term from the date of grant and must meet a minimum two year holding period and achieve a performance target of $3.00 per share for five consecutive trading days during the term of the option to become exercisable. |
F2 | Subject to the optionee's right to elect on exercise to take a portion of the stock as Class B Common Stock pro rata to such optionee's then holdings of Class B Common Stock. |
F3 | Exercise price set at 10% above fair market value as of date of grant. |
F4 | The original Form 4 filed on May 26, 2023 is being amended by this Form 4 Amendment solely to correct an administrative error, which incorrectly listed 05/25/23 as the Date Exercisable. The correct Date Exercisable is 05/25/25. |