Definition of post-Special Termination Exercise Period

  1. post-Special Termination Exercise Period means (x) twelve (12) months (or, if shorter, the remaining term of the Option), in case of death or Total Disability, or (y) eighteen (18) months (or, if shorter, the remaining term of the Option), in case of Retirement. The post-Special Termination Exercise Period with respect to a Participant shall terminate immediately upon such Participant's breach of the Non-Solicitation Agreement or Participants breach of any noncompetition agreement between Participant and Putnam.

Definition of post-Special Termination Exercise Period in Amended and Restated

post-Special Termination Exercise Period means (x) twelve (12) months (or, if shorter, the remaining term of the Option), in case of death or Total Disability, or (y) eighteen (18) months (or, if shorter, the remaining term of the Option), in case of Retirement. The post-Special Termination Exercise Period with respect to a Participant shall terminate immediately upon such Participant's breach of the Non-Solicitation Agreement or Participants breach of any noncompetition agreement between Participant and Putnam.