O-1 ... Members of a Biennial Competition Team (Ryder Cup or Presidents
         Cup) within the last two calendar years.

          Full Exemption Benefits Category (See also Category O-6 below)
          Ten events (open or invitational) per year for ....

          • US Ryder Cup Team members
          • US Presidents Cup Team members
          • European Ryder Cup Team members
          • International Presidents Cup Team members

          To be eligible for Category O-1, a player must begin the year
          of the particular Biennial Competition in which he particpates
          as a full regular member of the PGA Tour.

          SPECIAL NOTE
            During the first calendar year following that of the particular
            Biennial Competition in which a player participates, said player
            must be among the Top 120 Official Money Leaders -AND- post at
            least 50 competitive rounds.

            If these performance requirements are not satisfied, the player will
            lose Category O-1 benefits for the second calendar year and, if
            not otherwise exempt, will receive Category O-6 status.

          There is a per-event limit of five players from out of this particular
          category.

 _____________________________________________________________________________________

 O-2 .... Top 20 on the Official Money List in each of the last two calendar
          years (Beginning 2010)

          ALSO --
           In 2010 only, players among Final 2009 Top 30 Fed Ex Cup Points Leaders

 _____________________________________________________________________________________

 O-3 .... Top 90, Official Money List

          Only players who begin a given season as full regular members of the PGA
          Tour shall appear on the Regular Members Official Money List. All other
          players will appear on the Non Regulars Money List.


          See Presentation Box V, "Author's Comments on Hypothetical 2010 Schedule",
          for an explanation of how suggested changes in current tournament prize
          money distribution formulas would affect the various money threshold
          requirements in several of the suggested exemption revisions.

 _____________________________________________________________________________________

 O-4 .... Major Medical Extension

 _____________________________________________________________________________________

 O-5 .... a. Leading Money Winner, previous year's Nationwide Tour Money List

          b. Winner, previous year's Nationwide Tour Championship

          c. 3-time Nationwide Tour winners, current year or previous year

          d. Medalist, previous year's PGA Tour Q-School

 _____________________________________________________________________________________

 O-6 ... Members of a Biennial Competition Team (Ryder Cup or Presidents
         Cup) within the last two calendar years who are not eligible
         for Category O-1 status.

          Partial Exemption Benefits Category (See also Category O-1 above)
          Three events (open or invitational) per year for ....

          • US Ryder Cup Team members
          • US Presidents Cup Team members
          • European Ryder Cup Team members
          • International Presidents Cup Team members

          To be eligible for Category O-6, a player must begin the first
          or second calendar year following that of the particular Biennial
          Competition in which he particpates as a full regular member of
          the PGA Tour, if he was not a regular member prior to either the
          first or second calendar year.

          Unless otherwise exempt, Category O-1 players who do not meet the
          performance requirements necessary to retain Category O-1 status
          for a second year will be assigned Category O-6 status.
          
          There is a per-event limit of two players from out of this particular
          category.

 _____________________________________________________________________________________

 O-7 .... Non-Member Professionals with at least Top 90 Equivalency in Official
          Earnings from the previous calendar year.

          At least 32 competitive rounds must be posted, with at least 24 such
          rounds to come from any official money PGA Tour event OTHER THAN the
          following -- Masters Tournament, U.S. Open, British Open Championship,
          PGA Championship, Mercedes-Benz Winners Challenge, Doral-CA Invitational
          and Bridgestone World Series of Golf.

          NOTE
           Non-members of any classification are not eligible for the SONY
           Grand Finale.

          In addition to the competitive rounds requirement, the player must
          commit to at least one year of full-time PGA Tour Membership.

 _____________________________________________________________________________________

 O-8 .... The highest ranking players from Exemption Categories O-11
          O-13 and O-15, as follows --

          A. From the beginning of the current year up to the first re-shuffle
             point (selected out of Category O-6 in this order) ...

             1. Two highest ranking Nationwide Tour players (Category O-11) of the
                previous calendar year not otherwise exempt.

             2. Two highest ranking Qualifying School graduates (Category O-11) of
                the previous calendar year not otherwise exempt.

             3. Two highest ranking players from Category O-13.

             4. Two highest ranking players from Category O-15.


          B. Beginning at the first re-shuffle point, players coming out of Categories
             O-11, O-13 and O-15 will be determined on the basis of who within each of
             the respective categories has earned the most official PGA Tour money at
             the point of the most recent re-shuffle.

             Next, selection out of Category O-8 will be in the following order
             (in parenthesis, number of players out of specific category) ...

             1. Category O-11 (4)

             2. Categories O-13 (2) and O-15 (2)

             In each case, players will be ranked in order of most official PGA Tour
             money earned since the start of the current Tour season.

             About Re-Shuffles
              At certain points during the current Tour season, the order of player
              selection within Categories O-11, O-13 and O-15 will change by ranking
              the players within each category on the basis of most official PGA
              Tour money earned up to the most recent re-shuffle point.

 _____________________________________________________________________________________

 O-9 .... If not otherwise eligible, professionals among the Top 15 and ties in a
          full-field open event with official victory status are exempt for the
          next such event on the current year's schedule.

          PGA Tour Regular Members - up to 20 uses per year
          Non-Members limited to 5 uses per year 

 _____________________________________________________________________________________

 O-10 .... Minor Medical Extension

 _____________________________________________________________________________________

 O-11 .... Players among ---

          » Positions 2 to 25 from previous year's Nationwide Tour Money List
          » Low 25 scorers plus ties from previous year's Q-School

 _____________________________________________________________________________________

 O-12 ... Minor Medical Extension: Non-Members


 _____________________________________________________________________________________

 O-13 ... Players among positions 91 to 120 from the previous year's Regular Members
          Official Money List

          Same rules for this category as in Category O-3.

 _____________________________________________________________________________________

 O-14 ... Winners of official money PGA Tour events within the last ten calendar years

          Priority Selection Order is ....

          A. Champion of an annual Leading Money Winner Title or Fed Ex Cup Competition
             where only a five-year exemption was won. (Categories S-2-b, S-2-c).

             -OR-

             Winners of the Masters Tournament, US Open, British Open Championship, PGA
             Championship or Players Championship (Categories S-3, S-4).
             
             -OR-

             Any player achieving their 20th, 40th, 60th, 80th, etc. Career PGA Tour
             (Category S-5).

          B. A winner of any event carrying a three-year exemption (Category S-6).

             -OR- 

             Any player achieving their 5th-10th-15th -OR- 25th-30th-35th -OR-
             45th-50th-55th Career PGA Tour Victory (Category S-7-a).

             -OR- (beginning with winners, 2010-after)

             A winner of a PGA Tour event who is among the Top 20 Money Winners
             in the same year as that of the win (Category S-7-b).

          C. Any other PGA Tour event winner (Category S-7-c or S-7-d).


          Overall rules ....

          » Players are selected in order of most official PGA Tour career wins.
            In case of ties, player who has earned the most Offical PGA Tour Career
            Money to date has priority.
 
          » Eligible players are limited to so many uses of this exemption per year,
            as follows ....

            A ...... 10 uses
            B ......  7 uses
            C ......  5 uses

          » Per event limit of five players from out of this particular category.


 _____________________________________________________________________________________

 O-15 ... Any of the following from the previous year's Regular Members Official
          Money List, beginning at the 121st position ....

          » All past PGA Tour event winners
          » PGA Tour Veteran Members

          ... as well as the following types of PGA Tour players ....

          » Any player, 2010 and after, among the --

            1. Top 20 Money Leaders in any of the last five calendar years

            2. Top 90 Money Leaders in any of the last three calendar years

          » Any player, prior to 2010, among the --

            1. Top 30 Money Leaders or Top 30 Fed Ex Cup Leaders in any of
               the last five calendar years

            2. Top 125 Money Leaders in any of the last three calendar years


          RESTRICTION
           Only those players at position 121 or lower who have posted at least --

           » 38 (Qualifying Regular Veteran Members)
           » 50 (All other Regular Members)

           -- competitive rounds during the year in question are eligible for
              Category O-15 status.

           If a player has fewer rounds than the necessary requirement, but has
           a documented and certified mitigating circumstance that resulted in
           missed playing time, then he will be allowed Category O-15 status.

           Those players at 121th or lower on the previous year's money list who
           do not qualify for Category O-15 status will, unless otherwise exempt,
           be placed in Category O-18 (see below).

 _____________________________________________________________________________________

 O-16 ... All Past PGA Tour Event Winners

          » Selected in order of most official PGA Tour career wins.
          » In case of ties, player who has earned the most Offical PGA Tour Career
            Money to date has priority.

 _____________________________________________________________________________________

 O-17 ... Special Temporary Members

          Non-member professionals achieving Special Temporary Membership during
          the current year shall be exempt at this level. Such players will be
          entitled to the same number of sponsor invitations plus Top 15 and
          ties exemptions (Categories S-11 and O-9 respectively) that regular
          members are entitled to.

          Special Temporary Membership is achieved by being at least equal in money
          with the 120th player on the previous year's Regular Members Official
          Money List -AND- posting at least 24 competitive rounds during the
          current year.

          At least 18 such rounds shall come from any official money PGA Tour event
          OTHER THAN the following -- Masters Tournament, U.S. Open, British Open
          Championship, PGA Championship, Mercedes-Benz Winners Challenge, Doral-CA
          Invitational and Bridgestone World Series of Golf.

          Unless a non-member has attained Special Temporary status, he is restricted
          to 10 PGA Tour events.  The count of 10 does not include the events named
          in the competitive rounds requirement clause above.

          NOTE
           Non-members of any classification are not eligible for the SONY
           Grand Finale.

 _____________________________________________________________________________________

 O-18 ... Any players from the previous year's Regular Members Official Money List,
          beginning at the 121st position, who were excluded from Category O-15.

          If not otherwise eligible, all players excluded from Category O-15 because
          of the competitive rounds requirement.

          Such players are selected in order of position on the previous year's
          Money List.

 _____________________________________________________________________________________

 O-19 ... PGA Tour Veteran Members (at least 150 career cuts made)

          Selected in order of position on the PGA Tour Official Career Money List.