Common use of Exercise Following Termination of Employment Clause in Contracts

Exercise Following Termination of Employment. Subject to paragraph (d) below, if Optionee’s employment terminates for any reason other than Death or Disability, the Option held by Optionee at the time of such termination of employment may be exercised at any time which is both before the time such Option would otherwise expire and within ninety (90) days of the date of such termination or within such extended exercise period as the Committee may determine at the time of such termination, provided that such extended period shall not extend beyond the earlier of (i) the first anniversary of the termination of Service or (ii) the time the option would otherwise expire, but only with respect to the portion of the Option which was exercisable on the date of Optionee’s termination of employment. To the extent such Option was not exercisable on the date of Optionee’s termination of employment, such portion of the Option shall terminate.

Exercise Following Termination of Employment. Subject to paragraph (d) below, if OptioneeIf Participant’s employment terminates for any reason other than Death death or DisabilityDisability or for Cause, the Option held by Optionee Participant at the time of such termination Termination of employment Service may be exercised at any time which is both before the time such Option would otherwise expire and within ninety (90) days of the date of such termination Termination of Service or within such extended exercise period as the Committee may determine at the time of such terminationTermination of Service; provided that, provided that such extended period shall not extend beyond the earlier of (i) the first anniversary of the termination Termination of Service or (ii) the time the option would otherwise expire, but only with respect to the portion of the Option which was exercisable on the date of OptioneeParticipant’s termination Termination of employmentService. To Except as set forth in Section 3(c), to the extent such Option was not exercisable on the date of OptioneeParticipant’s termination Termination of employmentService, such portion of the Option shall terminate.

Exercise Following Termination of Employment. Subject to paragraph (d) below, if OptioneeIf Participant’s employment terminates for any reason other than Death death or DisabilityDisability or for Cause, the Option held by Optionee Participant at the time of such termination Termination of employment Service may be exercised at any time which is both before the time such Option would otherwise expire and within ninety (90) days of the date of such termination Termination of Service or within such extended exercise period as the Committee may determine at the time of such terminationTermination of Service; provided that, provided that such extended period shall not extend beyond the earlier of (i) the first anniversary of the termination Termination of Service or (ii) the time the option would otherwise expire, but only with respect to the portion of the Option which was exercisable on the date of OptioneeParticipant’s termination Termination of employmentService. To the extent such Option was not exercisable on the date of OptioneeParticipant’s termination Termination of employmentService, such portion of the Option shall terminate.