Option Expiration. The Option shall automatically terminate on the earliest of the following dates: (a) 5 p.m. prevailing eastern time on the 90th day after the later of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service to, the Company, if the termination is for any reason other than disability (as defined in the Plan), death, cause (as defined in the Plan), retirement on or after the Grantee’s 65th birthday, involuntary termination without cause, voluntary termination with good reason (as defined in Grantee’s employment or other written agreement with the Company) or Change of Control Termination; (b) 5 p.m. prevailing eastern time on the one-year anniversary date of the later of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service to, the Company on account of the Grantee’s disability; (c) 5 p.m. prevailing eastern time on the one-year anniversary date of the later of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service to, the Company if the Grantee dies while employed by or otherwise providing agreed-to-in-writing service to the Company or within three months after the Grantee’s employment or other agreed-to-in-writing service ceases on account of a termination described in subparagraph (a) above; (d) the date on which the Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service to, the Company for cause; (e) 5 p.m. prevailing eastern time on the one-year anniversary date of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service to, the Company as a result of retirement on or after the Grantee’s 65th birthday, or after such earlier date as may be determined by the Committee, in its sole discretion, to be warranted given the particular circumstances surrounding the earlier termination of the Grantee’s employment or service; (f) 5 p.m. prevailing eastern time on the [ ]-year anniversary date of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service to, the Company, on account of the Grantee’s involuntary termination without cause or voluntary termination with good reason (as defined in the Grantee’s employment or other written agreement with the Company) other than a Change of Control Termination (as defined in the Grantee’s employment or other written agreement with the Company); or (g) where there has been a Change of Control Termination (as defined in the Grantee’s employment or other written agreement with the Company), 5 p.m. prevailing eastern time on the [ ]-year anniversary date of the later of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing services to, the Company, on account of the Grantee experiencing a Change of Control Termination. Notwithstanding the foregoing, in no event may the Option be exercised after the expiration of the Term of Option specified on the reverse side. Other than as specifically set forth herein, any portion of the Option that is not vested at the later of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service to, the Company shall immediately terminate. In the event G▇▇▇▇▇▇’s employment or other agreed-to-in-writing service to the Company is terminated for cause, the Grantee shall automatically forfeit all shares underlying any exercised portion of an Option for which the Company has not yet delivered the share certificates upon refund by the Company of the exercise price paid by the Grantee for such shares.
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Option Expiration. The Option shall automatically terminate on the earliest of the following dates:
(a) 5 p.m. prevailing eastern time on the 90th day after the later of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service to, the Company, Company if the termination is for any reason other than disability (as defined in the Plan)disability, death, cause (as defined in the Plan)Cause, retirement on or after the Grantee’s 65th birthday, involuntary termination without cause, voluntary termination with good reason (as defined in Grantee’s employment a Severance Termination or other written agreement with the Company) or a Change of Control Termination;
(b) 5 p.m. prevailing eastern time on the one-year anniversary date of the later of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service to, the Company on account of the Grantee’s disability;
(c) 5 p.m. prevailing eastern time on the one-year anniversary date of the later of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service to, the Company if the Grantee dies while employed by or otherwise providing agreed-to-in-writing service to the Company or within three months after the Grantee’s employment or other agreed-to-in-writing service ceases on account of a termination described in subparagraph (a) above;
(d) the date on which the Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service to, the Company for causeCause;
(e) 5 p.m. prevailing eastern time on the one-year anniversary date of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service to, the Company as a result of retirement on or after the Grantee’s 65th birthday, or after such earlier date as may be determined by the Committee, in its sole discretion, to be warranted given the particular circumstances surrounding the earlier termination of the Grantee’s employment or service;; or
(f) 5 p.m. prevailing eastern time on the [ ]-year three-year anniversary date of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service to, the Company, Company on account of the Grantee’s involuntary termination without cause Severance Termination or voluntary termination with good reason (as defined in the Grantee’s employment or other written agreement with the Company) other than a Change of Control Termination (as defined in the Grantee’s employment or other written agreement with the Company); or
(g) where there has been a Change of Control Termination (as defined in the Grantee’s employment or other written agreement with the Company), 5 p.m. prevailing eastern time on the [ ]-year anniversary date of the later of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing services to, the Company, on account of the Grantee experiencing a Change of Control Termination. Notwithstanding the foregoing, in no event may the Option be exercised after the expiration of the Term of Option specified on the reverse side. Other than as specifically set forth herein, any portion of the Option that is not vested at the later of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service to, the Company shall immediately terminate. In the event G▇▇▇▇▇▇▇’s employment or other agreed-to-in-writing service to the Company is terminated for causeCause, the Grantee shall automatically forfeit all shares underlying any exercised portion of an Option for which the Company has not yet delivered the share certificates upon refund by the Company of the exercise price paid by the Grantee for such shares.
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Option Expiration. The Option shall automatically terminate on the earliest of the following dates:
(a) 5 p.m. prevailing eastern Eastern time on the 90th day after the later of the date Grantee (i) ceases to be employed by, or (iiiii) otherwise ceases providing agreed-to-in-writing service services to, the Company, if the termination is for any reason other than disability (as defined in the Plan)disability, death, cause (as defined in the Plan)Cause, retirement on or after the Grantee’s 65th birthday, involuntary termination without cause, voluntary termination with good reason (as defined in Grantee’s employment a Severance Termination or other written agreement with the Company) or a Change of Control Termination;
(b) 5 p.m. prevailing eastern Eastern time on the one-year anniversary date of the later of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service services to, the Company Company, on account of the Grantee’s disability;
(c) 5 p.m. prevailing eastern Eastern time on the one-year anniversary date of the later of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service services to, the Company if the Grantee dies while employed by or while otherwise providing agreed-to-in-writing service services to the Company or within three months after the Grantee’s employment or other agreed-to-in-writing service ceases on account of a termination described in subparagraph (a) above;
(d) the date on which the Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service services to, the Company for causeCause;
(e) 5 p.m. prevailing eastern Eastern time on the one-year anniversary date of the date Grantee (i) ceases to be employed by, Grantee’s employment or (ii) otherwise ceases providing agreed-to-in-writing service to, to the Company terminates as a result of retirement on or after the Grantee’s 65th birthday, or after such earlier date as may be determined by the Committee, in its sole discretion, to be warranted given the particular circumstances surrounding the earlier termination of the Grantee’s employment or service;; or
(f) 5 p.m. prevailing eastern Eastern time on the [ ]-year one-year anniversary date of the later of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service services to, the Company, Company on account of the Grantee’s involuntary termination without cause or voluntary termination with good reason (as defined in the Grantee’s employment or other written agreement with the Company) other than Grantee experiencing a Change of Control Termination (as defined in the Grantee’s employment or other written agreement with the Company)Severance Termination; or
(g) where there has been a Change of Control Termination (as defined in the Grantee’s employment or other written agreement with the Company), 5 p.m. prevailing eastern Eastern time on the [ ]-year two-year anniversary date of the later of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing services to, the Company, on account of the Grantee experiencing a Change of Control Termination. Notwithstanding the foregoing, in no event may the Option be exercised after the expiration of the Term of Option specified on the reverse side. Other than as specifically set forth herein, any portion of the Option that is not vested at the later of the date Grantee (i) ceases to be employed by, or (ii) otherwise ceases providing agreed-to-in-writing service to, the Company shall immediately terminate. In the event G▇▇▇▇▇▇’s employment or other agreed-to-in-writing service to the Company is terminated for cause, the Grantee shall automatically forfeit all shares underlying any exercised portion of an Option for which the Company has not yet delivered the share certificates upon refund by the Company of the exercise price paid by the Grantee for such shares.
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