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Private Company Stock Options: Determining Fair Market Value in ...

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Modifications and Extensions<br />

• Extensions<br />

– Exercise period is extended<br />

–Notan extension if exercise period is extended to<br />

a date no later than the later of:<br />

• the 15 th day of the third month at which, or<br />

• December 31 of the calendar year <strong>in</strong> which,<br />

the option would have otherwise expired<br />

25

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