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6917 08:15 20. That explains the concepts behind this investment option in greater detail. pensation attributable to a stock option or a stock appreciation right is deemed to satisfy the requirements of this paragraph (e)(2) if the grant or award is made by thepensationmittee; the plan under which the option or right is granted states the maximum number of shares with respect to which options or rights may be granted during a specified period to any employee; and, under the terms of the option or right, the amount ofpensation the employee could receive is based solely on an increase in the value of the stock after the date of the grant or award.

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