PART II  NOTE 14 Share-Based Compensation The following summary shows stock option activity for employees under the Plan for the three years ended December 31, 2010: The number of stock options indicated in the above table as being  exercisable as of December 31, 2010, had an intrinsic value of  $40.6 million, a weighted-average remaining contractual term of 4.5  years, and a weighted-average exercise price of $27.65. As of December 31, 2010, we had total remaining unrecognized  compensation cost related to unvested stock options of $5.4 million  which will be amortized over the weighted-average remaining requisite  service period of approximately 1.8 years. We recognized $5.3 million ($3.3 million after-tax), $4.9 million  ($3.0 million after-tax) and $4.7 million ($2.9 million after-tax) in  compensation expense related to stock options for the years ended  December 31, 2010, 2009 and 2008, respectively. We applied a forfeiture  rate of two percent per stock option grant in the calculation of such  expense for the years prior to 2010. For grants beginning in 2010, we  adjusted our forfeiture rate assumption and began applying a rate of  four percent per stock option grant in the calculation of such expense. The grant-date fair value of restricted stock awards and stock units under  the Plan is based on the market price per share of our common stock  on the date of grant, and the related compensation cost is amortized  to expense on a straight-line basis over the vesting period during which  the employees perform related services, which is typically three years  except for those eligible for retirement prior to the stated vesting period. The following table shows our employee restricted award activity for the three years ended December 31, 2010: We recognized $9.4 million ($5.8 million after-tax), $6.3 million  ($3.9 million after-tax) and $5.9 million ($3.7 million after-tax)  in compensation expense related to restricted awards for the years  ended December 31, 2010, 2009 and 2008, respectively. We applied  a forfeiture rate assumption of one percent of outstanding grants in  the calculation of such expense for the years prior to 2010. For grants  beginning in 2010, we adjusted our forfeiture rate assumption and began  applying a rate of two percent of outstanding grants in the calculation  of such expense. As of December 31, 2010, we had total remaining  unrecognized compensation cost related to unvested restricted awards  of $10.9 million which will be amortized over the weighted-average  remaining requisite service period of approximately 1.9 years. 61 FMC CORPORATION    2010 Form 10K Restricted Awards Number of Options Granted  But Not Exercised Weighted-Average  Remaining Contractual Life (in Years) Weighted-Average  Exercise Price Per Share Aggregate Intrinsic Value (Number of Shares in Th  ousands) (in Millions) December 31, 2007 (1,957 shares exercisable) 3,073 5.7 $20.71 $104.0 Granted 290 $55.74 Exercised (850) $15.25 $43.6 Forfeited (21) $39.10 December 31, 2008 (1,528 shares exercisable) 2,492 5.4 $26.49 $45.4 Granted 281 $44.45 Exercised (574) $13.40 $19.9 Forfeited (24) $43.76 December 31, 2009 (1,315 shares exercisable) 2,175 5.4 $30.94 $54.0 Granted 271 $57.33 Exercised (845) $21.35 $37.3 Forfeited (16) $51.93 December 31, 2010 (777 shares exercisable and  1,576 shares expected to vest) 1,585 6.4 $40.33 $62.8 (Number of Awards in Th  ousands) Number  of awards Weighted- Average Grant  Date Fair Value Nonvested at December 31, 2007 454 $32.07 Granted 102 $58.05 Vested (122) $24.10 Forfeited (5) $38.07 Nonvested at December 31, 2008 429 $40.40 Granted 90 $44.52 Vested (131) $30.65 Forfeited (8) $14.51 Nonvested at December 31, 2009 380 $44.70 Granted 208 $61.57 Vested (131) $40.02 Forfeited (1) $52.78 Nonvested at December 31, 2010 456 $53.71