Common use of Extended Exercise Period Clause in Contracts

Extended Exercise Period. Following a Change of Control, if a Participant’s employment terminates for any reason other than retirement or death, any Options held by such Participant may be exercised by such Participant until the earlier of ninety (90) days after the termination of employment or the expiration date of such Options, provided, however, that this provision shall not reduce the exercise period otherwise authorized under the applicable Award Agreement; and

Appears in 2 contracts

Sources: Long Term Incentive Plan (Georgia Pacific Corp), Long Term Incentive Plan (Georgia Pacific Corp)