Common use of Period of Time to Exercise Clause in Contracts

Period of Time to Exercise. If you cease to be an employee on account of your Disability, all of your Options may be exercised by you at any time before 3:00 P.M., U.S. Central Time on the fifth anniversary of the date of your Separation from Service on account of Disability. If the date of such fifth anniversary is a Non-Business Day, then the Options will remain exercisable until the first Business Day immediately following the fifth anniversary.

Appears in 2 contracts

Samples: Award Agreement (Embarq CORP), Form of Award Agreement (Embarq CORP)

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Period of Time to Exercise. If you cease to be an employee on account of your Disability, all of your Options may be exercised by you at any time before 3:00 P.M., U.S. Central Time on the fifth anniversary of the date of your Separation from Service on account of Disability. If the date of such fifth anniversary is not a Non-Business Day, then the Options will shall remain exercisable until the first Business Day immediately following the such fifth anniversary.

Appears in 1 contract

Samples: Award Agreement (Embarq CORP)

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Period of Time to Exercise. If you cease to be an employee Employee on account of your Disability, all of your the Options may be exercised by you at any time before 3:00 P.M., U.S. Central Time on the fifth anniversary of the date of your Separation from Service on account of DisabilityTermination Date. If the date of such fifth anniversary is a Non-Business Day, then the Options will remain exercisable until the first Business Day immediately following the fifth anniversary.

Appears in 1 contract

Samples: Form of Stock Option Award Agreement (Embarq CORP)

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