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:
Exercise Following Termination of Employment. If the Optionee ceases to be an employee of the Corporation, the outstanding portion of the Option shall be exercisable only in accordance with the following provisions:
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. This SAR Award is not transferable by you other than pursuant to Section 4.3 of the Plan, and may be exercised only by you during your lifetime and while you remain employed by the Company or an Affiliate, except as follows:
Exercise Following Termination of Employment. In the event the Optionee's Termination of Employment is for Cause, the Option, whether exercisable or nonexercisable, at such time, shall be deemed to have terminated as of the day preceding such Termination of Employment. If such Termination of Employment is for any reason other than cause, any outstanding portion of the Option that has not become exercisable shall terminate on the date of such Termination of Employment, unless provided otherwise by the Board, in its sole discretion. Any outstanding exercisable portion shall be exercisable for the following periods:
Exercise Following Termination of Employment. (i) If the Optionee ceases to be an employee of the Group on account of death, Disability or Early Retirement (as those terms are defined below), then (A) the Option, to the extent it has not yet become exercisable, shall become exercisable, and (B) the Option shall remain exercisable until the earlier of the first anniversary of the date the Optionee’s employment terminates or the Expiration Date, and shall then expire.
Exercise Following Termination of Employment. If the Optionee ceases to be a member of the Board, all outstanding Options shall be exercisable by the Optionee (or his personal representative or beneficiary) for the remainder of their original term, and shall thereafter terminate and have no further force or effect.
Exercise Following Termination of Employment i. If the Participant experiences a Termination of Employment due to death or Disability, Vested and unexpired Options may be exercised by the Participant (or by the Participant’s beneficiary, or if none, the personal representative of the Participant’s estate) until the earlier of (A) twelve (12) months following the date of such Termination of Employment; or (B) the expiration of the Option term.
Exercise Following Termination of Employment i. If the Participant experiences a Termination of Employment due to death or Disability, Vested and unexpired SARs may be exercised by the Participant (or by the Participant’s beneficiary, or if none, the personal representative of the Participant’s estate) until the earlier of (A) twelve (12) months following the date of such Termination of Employment; or (B) the expiration of the SAR term.
Exercise Following Termination of Employment. If the Optionee’s employment with the Corporation is terminated for any reason, including death or Disability (as defined below), the outstanding portion of the Option shall, to the extent then vested, remain exercisable until the first to occur of (a) the tenth anniversary of the Grant Date and (b) the expiration of three months after the date of termination of the Optionee’s employment with the Corporation, provided that if the Optionee ceases to be employed by the Corporation by reason of death or Disability, the period referred to in this clause (b) shall be one (1) year following the date the Optionee ceases to be an employee of the Corporation. As used herein, “Disability” means the inability of the Optionee to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or has lasted or can be expected to last for a continuous period of not less than one (1) year.
