Common use of CERTAIN EXPECTATIONS Clause in Contracts

CERTAIN EXPECTATIONS. For purposes of this Policy, the Company considers that the exercise of a stock option for cash under the Company's stock option plans or the purchase of shares under the Company's employee stock purchase plan (but not the sale of any such shares) is exempt from this Policy, since the other party to the transaction is the Company itself and the price does not vary with the market but is fixed by the terms of the option agreement or the plan. Further, the Company does not believe that employees, officers or directors should ordinarily be prohibited from making bonafide gifts and charitable donations outside the Trading Window in situations where there is no unusual activity or other reason to believe that a transaction would be particularly risky.