Common use of Exercise Following Termination of Employment Clause in Contracts

Exercise Following Termination of Employment. Subject to Section 2(g), in the event that the Optionee ceases to be employed by the Company or an Affiliate, that portion of the Option that is not then exercisable shall immediately terminate and that portion of the Option that is exercisable at the time of the Optionee’s termination of employment shall terminate as follows: (i) If the Optionee’s termination of employment is due to his death or disability, as determined by the Board, the Option (to the extent exercisable at the time of the Optionee’s termination of employment) shall be exercisable for a period of six months following such termination of employment, and shall thereafter terminate; (ii) If the Optionee’s termination of employment is by the Company or an Affiliate for Cause (as defined below), the Option shall terminate on the date of the Optionee’s termination of employment; (iii) If the Optionee voluntarily terminates his employment (other than by retirement), the Option (to the extent exercisable at the time of the Optionee’s termination) shall be exercisable for a period of 60 days following such termination of employment, and shall thereafter terminate; and (iv) If the Optionee’s termination of employment is for any other reason, the Option (to the extent exercisable at the time of the Optionee’s termination of employment) shall be exercisable for a period of 60 days following such termination of employment, and shall thereafter terminate.

Exercise Following Termination of Employment. Subject to Section 2(g), in the event that the Optionee ceases to be employed by the Company or an Affiliate, that portion of the Option that is not then exercisable shall immediately terminate and that portion of the Option that is exercisable at the time of the Optionee’s termination of employment shall terminate as follows: (i) If the Optionee’s termination of employment is due to his his/her death or disability, as determined by the Board, the Option (to the extent exercisable at the time of the Optionee’s termination of employment) shall be exercisable for a period of six months following such termination of employment, and shall thereafter terminate; (ii) If the Optionee’s termination of employment is by the Company or an Affiliate for Cause (as defined below), the Option shall terminate on the date of the Optionee’s termination of employment; (iii) If the Optionee voluntarily terminates his his/her employment (other than by retirement), the Option (to the extent exercisable at the time of the Optionee’s termination) shall be exercisable for a period of 60 days following such termination of employment, and shall thereafter terminate; and (iv) If the Optionee’s termination of employment is for any other reason, the Option (to the extent exercisable at the time of the Optionee’s termination of employment) shall be exercisable for a period of 60 days following such termination of employment, and shall thereafter terminate.

Exercise Following Termination of Employment. Subject to Section 2(g), in the event that the Optionee ceases to be employed by the Company or an Affiliate, that portion of the Option that is not then exercisable shall immediately terminate and that portion of the Option that is exercisable at the time of the Optionee’s termination of employment shall terminate as follows: (i) If the Optionee’s termination of employment is due to his his/her death or disability, as determined by the BoardCommittee, the Option (to the extent exercisable at the time of the Optionee’s termination of employment) shall be exercisable for a period of six months following such termination of employment, and shall thereafter terminate; (ii) If the Optionee’s termination of employment is by the Company or an Affiliate for Cause (as defined below), the Option shall terminate on the date of the Optionee’s termination of employment; (iii) If the Optionee voluntarily terminates his his/her employment (other than by retirement), the Option (to the extent exercisable at the time of the Optionee’s termination) shall be exercisable for a period of 60 days following such termination of employment, and shall thereafter terminate; and (iv) If the Optionee’s termination of employment is for any other reason, the Option (to the extent exercisable at the time of the Optionee’s termination of employment) shall be exercisable for a period of 60 days following such termination of employment, and shall thereafter terminate.

Exercise Following Termination of Employment. Subject to Section 2(g), in the event that the Optionee ceases to be employed by the Company or an Affiliate, that portion of the Option that is not then exercisable shall immediately terminate and that portion of the Option that is exercisable at the time of the Optionee’s 's termination of employment shall terminate as follows: (i) If the Optionee’s 's termination of employment is due to his his/her death or disability, as determined by the Board, the Option (to the extent exercisable at the time of the Optionee’s 's termination of employment) shall be exercisable for a period of [six months months] following such termination of employment, and shall thereafter terminate; (ii) If the Optionee’s 's termination of employment is by the Company or an Affiliate for Cause (as defined below), the Option shall terminate on the date of the Optionee’s 's termination of employment; (iii) If the Optionee voluntarily terminates his his/her employment (other than by retirement), the Option (to the extent exercisable at the time of the Optionee’s 's termination) shall be exercisable for a period of [60 days days] following such termination of employment, and shall thereafter terminate; and (iv) If the Optionee’s 's termination of employment is for any other reason, the Option (to the extent exercisable at the time of the Optionee’s 's termination of employment) shall be exercisable for a period of [60 days days] following such termination of employment, and shall thereafter terminate.

Exercise Following Termination of Employment. Subject to Section 2(g), in the event that the Optionee ceases to be employed by the Company or an Affiliate, that portion of the Option that is not then exercisable shall immediately terminate and that portion of the Option that is exercisable at the time of the Optionee’s 's termination of employment shall terminate as follows: (i) If the Optionee’s 's termination of employment is due to his death or disability, as determined by his/her disability (within the Boardmeaning of Section 22(e)(3) of the Code), the Option (to the extent exercisable at the time of the Optionee’s termination of employment's termination) shall be exercisable for a period of six months [no more than one year] following such termination of employment, and shall thereafter terminate; (ii) If the Optionee’s 's termination of employment is by the Company or an Affiliate for Cause (as defined below), the Option shall terminate on the date of the Optionee’s termination of employment's termination; (iii) If the Optionee voluntarily terminates his his/her employment (other than by retirement), the Option (to the extent exercisable at the time of the Optionee’s 's termination) shall be exercisable for a period of 60 days [no more than three months] following such termination of employment, and shall thereafter terminate; and (iv) If the Optionee’s 's termination of employment is for any other reason, the Option (to the extent exercisable at the time of the Optionee’s termination of employment's termination) shall be exercisable for a period of 60 days [no more than three months] following such termination of employment, and shall thereafter terminate.

Exercise Following Termination of Employment. Subject to Section 2(g), in the event that the Optionee ceases to be employed by the Company or an Affiliate, that portion of the Option that is not then exercisable shall immediately terminate and that portion of the Option that is exercisable at the time of the Optionee’s 's termination of employment shall terminate as follows: (i) If the Optionee’s 's termination of employment is due to his his/her death or disability, as determined by the BoardCommittee, the Option (to the extent exercisable at the time of the Optionee’s 's termination of employment) shall be exercisable for a period of six months one year following such termination of employment, and shall thereafter terminate; (ii) If the Optionee’s 's termination of employment is by the Company or an Affiliate for Cause (as defined below), the Option shall terminate on the date of the Optionee’s 's termination of employment; (iii) If the Optionee voluntarily terminates his his/her employment (other than by retirement), the Option (to the extent exercisable at the time of the Optionee’s 's termination) shall be exercisable for a period of 60 days one month following such termination of employment, and shall thereafter terminate; and (iv) If the Optionee’s 's termination of employment is for any other reason, the Option (to the extent exercisable at the time of the Optionee’s 's termination of employment) shall be exercisable for a period of 60 days three months following such termination of employment, and shall thereafter terminate.

Exercise Following Termination of Employment. Subject to Section 2(g), in In the event that the Optionee ceases to be employed by the Company or an Affiliate, that portion of the Option that is not or does not become then exercisable shall immediately terminate and that portion of the Option that is or becomes exercisable at the time of the Optionee’s termination of employment shall terminate as follows: (i) If the Optionee’s termination of employment is due to his his/her death or disability, as determined by disability (within the Boardmeaning of the Company’s long-term disability plan), the Option (to the extent exercisable at the time of the Optionee’s termination of employment) shall be exercisable for a period of six twelve months following such termination of employment, and shall thereafter terminate; (ii) If the Optionee’s termination of employment is by the Company or an Affiliate for Cause (as defined below)Cause, the Option shall terminate on the date of the Optionee’s termination of employment; (iii) If the Optionee voluntarily terminates his his/her employment (other than by retirement)with the Company and its Affiliates, the Option (to the extent exercisable at the time of the Optionee’s termination) shall be exercisable for a period of 60 days following such termination of employment, and shall thereafter terminate; and (iv) If the Optionee’s termination of employment is for any other reason, the Option (to the extent exercisable at the time of the Optionee’s termination of employment) shall be exercisable for a period of 60 days following such termination of employment, and shall thereafter terminate. Notwithstanding the foregoing, no provision in this Section 2(e) shall extend the exercise period of an Option beyond its original term set forth in Section 2(b).

Exercise Following Termination of Employment. Subject to Section 2(g), in the event that the Optionee ceases to be employed by the Company or an Affiliate, that portion of the Option that is not then exercisable shall immediately terminate and that portion of the Option that is exercisable at the time of the Optionee’s termination of employment shall terminate as follows: (i) If the Optionee’s termination of employment is due to his his/her death or disability, as determined by the Board, the Option (to the extent exercisable at the time of the Optionee’s termination of employment) shall be exercisable for a period of [six months months] following such termination of employment, and shall thereafter terminate; (ii) If the Optionee’s termination of employment is by the Company or an Affiliate for Cause (as defined below), the Option shall terminate on the date of the Optionee’s termination of employment; (iii) If the Optionee voluntarily terminates his his/her employment (other than by retirement), the Option (to the extent exercisable at the time of the Optionee’s termination) shall be exercisable for a period of [60 days days] following such termination of employment, and shall thereafter terminate; and (iv) If the Optionee’s termination of employment is for any other reason, the Option (to the extent exercisable at the time of the Optionee’s termination of employment) shall be exercisable for a period of [60 days days] following such termination of employment, and shall thereafter terminate.