Common use of Exercisability and Term Clause in Contracts

Exercisability and Term. Each SAR Agreement shall specify the date all or any installment of the SAR is to become exercisable. The SAR Agreement shall also specify the term of the SAR. An SAR Agreement may provide for accelerated exercisability in the event of the Optionee’s death, disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Optionee’s Service. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. An SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

Exercisability and Term. Each SAR Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Agreement shall also specify the term of the SAR; provided, however, that the term shall in no event exceed ten (10) years from the date of grant. An SAR Agreement may provide for accelerated exercisability in the event of the Optionee’s deathDisability, disability death or retirement or other events Retirement and may provide for expiration prior to the end of its term in the event of the termination of the Optionee’s Service. SARs may be awarded granted in combination with Options, and such an Award SAR Agreement may provide that the SARs will not be exercisable unless the related Options are forfeited. An SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

Exercisability and Term. Each SAR Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Agreement shall also specify the term of the SAR. An SAR Agreement may provide for accelerated exercisability in the event of the Optionee’s death, disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Optionee’s Service. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. An SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

Exercisability and Term. Each SAR Agreement shall specify the date when all or any installment of the SAR is to become vested and exercisable. The SAR Agreement shall also specify the term of the SAR; provided that the term of a SAR shall in no event exceed ten (10) years from the date of the grant. An A SAR Agreement may provide for accelerated vesting and exercisability in the event of the Optionee’s 's death, disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Optionee’s 's Service. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. An A SAR granted under the Plan may provide that it will be vested and exercisable only in the event of a Change in Control.