EXCISE TAX

Rev. Proc. 2002–13, page 549. This procedure provides a safe harbor method for valuing stock options under the golden parachute payment rules of section 280G of the Code. Generally, under the safe harbor valuation method described in the procedure, on the valuation date, the volatility of the underlying stock, the exercise price of the option, the value of the stock at the time of the valuation, and the maximum term of the option are taken into account.