Common use of Vesting upon Change to Part-time Status Clause in Contracts

Vesting upon Change to Part-time Status. In the event that the Employee’s employment with the Company or an Affiliate changes from full-time status to part-time status, and the change to part-time status lasts more than six (6) months during any rolling twelve (12) month period, the shares subject to this option that are scheduled to become exercisable during the twelve (12) months following the day the Employee first attains part-time status (as defined below) shall be determined according to the following formula (rounded to the nearest whole share): number of shares that would have been exercisable X average number of hours worked per week during part-time status divided by hours worked in a standard work week = new number of shares that will be exercisable For purposes of this Agreement, “part-time status” means the Employee is scheduled to work an average number of hours per week that equals 75% or less of the total number of hours in a standard work week for a period greater than six (6) months, as determined over a rolling twelve (12) month period. Only shares that are not yet exercisable may be modified pursuant to the preceding formula. Shares subject to this option that are no longer exercisable as a result of the change to part-time status will never vest and instead will terminate. The preceding formula will be reapplied if the Employee continues to be on part-time status following the conclusion of the twelve (12) month measurement period. The number of shares subject to this option shall be modified according to the preceding formula unless otherwise recommended by the Company’s Vice President of Human Resources (“VP of HR”) and approved by the Company’s Chief Executive Officer (the “CEO”) or prohibited by applicable law. If the Employee is or was an executive officer of the Company, any modification of the preceding formula instead is subject to the approval of the Human Resources and Compensation Committee of the Company’s Board of Directors.

Vesting upon Change to Part-time Status. In the event that the Employee’s employment with the Company or an Affiliate changes from full-time status to part-time status, and the change to part-time status lasts more than six (6) months during any rolling twelve (12) month period, the shares subject to Shares awarded by this option Agreement that are scheduled to become exercisable vest during the twelve (12) months following the day the Employee first attains part-time status (as defined below) shall be determined according to the following formula (rounded to the nearest whole share): number of shares that would have been exercisable X average number of hours worked per week during part-time = new number would have vested status divided by the hours worked in a standard work week = new number of shares that will be exercisable vest For purposes of this Agreement, “part-time status” means the Employee is scheduled to work an average number of hours per week that equals seventy-five percent (75% %) or less of the total number of hours in a standard work week for a period greater than six (6) months, as determined over a rolling twelve (12) month period. Only shares Shares that are not yet exercisable vested may be modified pursuant to the preceding formula. Shares subject to awarded by this option Agreement that are no longer exercisable vested as a result of the change to part-time status will never vest and instead will terminate. The preceding formula will be reapplied if the Employee continues to be on part-time status following the conclusion of the twelve (12) month measurement period. The number of shares subject to Shares awarded by this option Agreement shall be modified according to the preceding formula unless otherwise recommended by the Company’s Vice President of Human Resources (“VP of HR”) and approved by the Company’s Chief Executive Officer (the “CEO”) or prohibited by applicable law. If the Employee is or was an executive officer of the Company, any modification of the preceding formula instead is subject to the approval of the Human Resources and Compensation Committee of the Company’s Board of DirectorsDirectors (the “Committee”).

Vesting upon Change to Part-time Status. In the event that the Employee’s employment with the Company or an Affiliate changes from full-time status to part-time status, and the change to part-time status lasts more than six (6) months during any rolling twelve (12) month period, the shares subject to Performance Shares awarded by this option Agreement that are scheduled to become exercisable vest during the twelve (12) months following the day the Employee first attains part-time status (as defined below) shall be determined according to the following formula (rounded to the nearest whole share): number of shares that would have been exercisable X average number of hours worked per week during part-time = new number of would have vested status divided by the hours worked in a standard work week = new number of shares that will be exercisable vest For purposes of this Agreement, “part-time status” means the Employee is scheduled to work an average number of hours per week that equals seventy-five percent (75% %) or less of the total number of hours in a standard work week for a period greater than six (6) months, as determined over a rolling twelve (12) month period. Only shares Performance Shares that are not yet exercisable vested may be modified pursuant to the preceding formula. Performance Shares subject to awarded by this option Agreement that are no longer exercisable vested as a result of the change to part-time status never will never vest and instead will terminate. The preceding formula will be reapplied if the Employee continues to be on part-time status following the conclusion of the twelve (12) month measurement period. The number of shares subject to Performance Shares awarded by this option Agreement shall be modified according to the preceding formula unless otherwise recommended by the Company’s Vice President of Human Resources (“VP of HR”) and approved by the Company’s Chief Executive Officer (the “CEO”) or prohibited by applicable law. If the Employee is or was an executive officer of the Company, any modification of the preceding formula instead is subject to the approval of the Human Resources and Compensation Committee of the Company’s Board of Directors.

Vesting upon Change to Part-time Status. In the event that the Employee’s employment with the Company or an Affiliate changes from full-time status to part-time status, and the change to part-time status lasts more than six (6) months during any rolling twelve (12) month period, the shares subject to Performance Shares awarded by this option Agreement that are scheduled to become exercisable vest during the twelve (12) months following the day the Employee first attains part-time status (as defined below) shall be determined according to the following formula (rounded to the nearest whole share): number of shares that would have been exercisable X average number of hours worked per week during part-time status = new number have vested divided by the hours worked in a standard work week = new number of shares that will be exercisable vest For purposes of this Agreement, “part-time status” means the Employee is scheduled to work an average number of hours per week that equals seventy-five percent (75% %) or less of the total number of hours in a standard work week for a period greater than six (6) months, as determined over a rolling twelve (12) month period. Only shares Performance Shares that are not yet exercisable vested may be modified pursuant to the preceding formula. Performance Shares subject to awarded by this option Agreement that are no longer exercisable vested as a result of the change to part-time status never will never vest and instead will terminate. The preceding formula will be reapplied if the Employee continues to be on part-time status following the conclusion of the twelve (12) month measurement period. The number of shares subject to Performance Shares awarded by this option Agreement shall be modified according to the preceding formula unless otherwise recommended by the Company’s Vice President of Human Resources (“VP of HR”) and approved by the Company’s Chief Executive Officer (the “CEO”) or prohibited by applicable law. If the Employee is or was an executive officer of the Company, any modification of the preceding formula instead is subject to the approval of the Human Resources and Compensation Committee of the Company’s Board of Directors.

Vesting upon Change to Part-time Status. In the event that the Employee’s employment with the Company or an Affiliate changes from full-time status to part-time status, and the change to part-time status lasts more than six (6) months during any rolling twelve (12) month period, the shares subject to Shares awarded by this option Agreement that are scheduled to become exercisable vest during the twelve (12) months following the day the Employee first attains part-time status (as defined below) shall be determined according to the following formula (rounded to the nearest whole share): number of shares that would have been exercisable X average number of hours worked per week during part-time status = new number have vested divided by the hours worked in a standard work week = new number of shares that will be exercisable vest For purposes of this Agreement, “part-time status” means the Employee is scheduled to work an average number of hours per week that equals seventy-five percent (75% %) or less of the total number of hours in a standard work week for a period greater than six (6) months, as determined over a rolling twelve (12) month period. Only shares Shares that are not yet exercisable vested may be modified pursuant to the preceding formula. Shares subject to awarded by this option Agreement that are no longer exercisable vested as a result of the change to part-time status never will never vest and instead will terminate. The preceding formula will be reapplied if the Employee continues to be on part-time status following the conclusion of the twelve (12) month measurement period. The number of shares subject to Shares awarded by this option Agreement shall be modified according to the preceding formula unless otherwise recommended by the Company’s Vice President of Human Resources (“VP of HR”) and approved by the Company’s Chief Executive Officer (the “CEO”) or prohibited by applicable law. If the Employee is or was an executive officer of the Company, any modification of the preceding formula instead is subject to the approval of the Human Resources and Compensation Committee of the Company’s Board of Directors.

Vesting upon Change to Part-time Status. In the event that the Employee’s employment with the Company or an Affiliate changes from full-time status to part-time status, and the change to part-time status lasts more than six (6) months during any rolling twelve (12) month period, the shares subject to Performance Shares awarded by this option Agreement that are scheduled to become exercisable vest during the twelve (12) months following the day the Employee first attains part-time status (as defined below) shall be determined according to the following formula (rounded to the nearest whole share): number of shares that would have been exercisable vested X average number of hours worked per week during part-time status divided by the hours worked in a standard work week = new number of shares that will be exercisable vest For purposes of this Agreement, “part-time status” means the Employee is scheduled to work an average number of hours per week that equals seventy-five percent (75% %) or less of the total number of hours in a standard work week for a period greater than six (6) months, as determined over a rolling twelve (12) month period. Only shares Performance Shares that are not yet exercisable vested may be modified pursuant to the preceding formula. Performance Shares subject to awarded by this option Agreement that are no longer exercisable vested as a result of the change to part-time status will never vest and instead will terminate. The preceding formula will be reapplied if the Employee continues to be on part-time status following the conclusion of the twelve (12) month measurement period. The number of shares subject to Performance Shares awarded by this option Agreement shall be modified according to the preceding formula unless otherwise recommended by the Company’s Vice President of Human Resources (“VP of HR”) and approved by the Company’s Chief Executive Officer (the “CEO”) or prohibited by applicable law. If the Employee is or was an executive officer of the Company, any modification of the preceding formula instead is subject to the approval of the Human Resources and Compensation Committee of the Company’s Board of Directors.