Common use of Waiting Period and Exercise Dates Clause in Contracts

Waiting Period and Exercise Dates. The SAR Shares may not be exercised prior to the first exercisable date below (the “waiting period”). Following the waiting period, the SAR Shares may be exercised in accordance with the following schedule: One-third of the SAR Shares will become exercisable commencing on each of February 15, 2026, 2027 and 2028. To the extent that the SARs are not exercised by Participant when they become initially exercisable, the SARs shall not expire but shall be carried forward and shall be exercisable at any time thereafter; provided, however, that the SARs shall not be exercisable after the expiration of ten (10) years from the Grant Date (the “Final Expiration Date”) or sooner as set forth in paragraph 9. Exercise of the SARs shall not be dependent upon the prior or sequential exercise of any other SARs heretofore granted to Participant by the Company. Except as provided in Article 6 of the Plan and paragraph 9 below, the SARs may not be exercised at any time unless Participant shall then be an employee of the Company.

Waiting Period and Exercise Dates. The SAR Shares may not be exercised prior to during the first exercisable date below one-year period following the Grant Date (the “"waiting period”"). Following the waiting period, all or a portion of the SAR Shares may be exercised in accordance with the following schedule: One-third of the SAR Shares will become exercisable commencing on each of February 15, 2026, 2027 and 2028exercised. To the extent that the SARs are not exercised by Participant Director when they become initially exercisable, the SARs shall not expire but shall be carried forward and shall be exercisable at any time thereafter; provided, however, that the SARs shall not be exercisable after the expiration of ten (10) years from the Grant Date (the “Final Expiration Date”) or sooner as set forth in paragraph 9, if applicable. Exercise of the SARs shall not be dependent upon the prior or sequential exercise of any other SARs heretofore granted to Participant Director by the Company. Except as provided in Article 6 of the Plan and paragraph 9 below, the SARs may not be exercised at any time unless Participant shall then be an employee of the Company.

Waiting Period and Exercise Dates. The SAR Shares may not be exercised prior to during the first exercisable date below one-year period following the Grant Date (the “waiting period”). Following the waiting period, all or a portion of the SAR Shares may be exercised in accordance with the following schedule: One-third of the SAR Shares will become exercisable commencing on each of February 15, 2026, 2027 and 2028exercised. To the extent that the SARs are not exercised by Participant Director when they become initially exercisable, the SARs shall not expire but shall be carried forward and shall be exercisable at any time thereafter; provided, however, that the SARs shall not be exercisable after the expiration of ten (10) years from the Grant Date (the “Final Expiration Date”) or sooner as set forth in paragraph 9, if applicable. Exercise of the SARs shall not be dependent upon the prior or sequential exercise of any other SARs heretofore granted to Participant Director by the Company. Except as provided in Article 6 of the Plan and paragraph Paragraph 9 below, the SARs may not be exercised at any time unless Participant Director shall then be an employee a Director of the Company.

Waiting Period and Exercise Dates. The SAR Shares may not be exercised prior to the first exercisable date below (the “"waiting period”"). Following the waiting period, the SAR Shares may be exercised in accordance with the following schedule: One-third of the SAR Shares will become exercisable commencing on each of February 15, 2026, 2027 and 2028#firstexercisedate#. To the extent that the SARs are not exercised by Participant Director when they become initially exercisable, the SARs shall not expire but shall be carried forward and shall be exercisable at any time thereafter; provided, however, that the SARs shall not be exercisable after the expiration of ten (10) years from the Grant Date (the “Final Expiration Date”) or sooner as set forth in paragraph 97, if applicable. Exercise of the SARs shall not be dependent upon the prior or sequential exercise of any other SARs heretofore granted to Participant Director by the Company. Except as provided in Article 6 of the Plan and paragraph 9 below, the SARs may not be exercised at any time unless Participant shall then be an employee of the Company.