Common use of Exercise After Termination of Employment Clause in Contracts

Exercise After Termination of Employment. (A) Except as the COMMITTEE may at any time provide, if the employment of the PARTICIPANT with the COMPANY and its subsidiaries is terminated for any reason other than death or “total disability” (as defined below), the AWARD may be exercised (to the extent that the PARTICIPANT was entitled to do so on the date of the termination of the PARTICIPANT's employment) at any time within three months after such termination of employment, subject to the provisions of Section 2(C) of this AGREEMENT, and shall then expire. To the extent the PARTICIPANT was not entitled to exercise the AWARD on the date of termination of the PARTICIPANT's employment, such portion of the AWARD shall expire on the date of such termination.

Exercise After Termination of Employment. (A) Except as the COMMITTEE may at any time provide, if the employment of the PARTICIPANT with the COMPANY and its the subsidiaries and affiliates of the COMPANY is terminated for any reason other than death or “total disability” (as defined below), the AWARD may be exercised (to the extent that the PARTICIPANT was entitled to do so on the date of the termination of the PARTICIPANT's ’s employment) at any time within three months after such termination of employment, subject to the provisions of Section 2(C) of this AGREEMENT, and shall then expire. To the extent the PARTICIPANT was not entitled to exercise the AWARD on the date of termination of the PARTICIPANT's ’s employment, such portion of the AWARD shall expire on the date of such termination.

Exercise After Termination of Employment. (A) Except as the COMMITTEE may at any time provide, if the employment of the PARTICIPANT with the COMPANY and its subsidiaries is terminated for any reason other than death or “total disability” (as defined below), the AWARD may be exercised (to the extent that the PARTICIPANT was entitled to do so on the date of the termination of the PARTICIPANT's ’s employment) at any time within three months after such termination of employment, subject to the provisions of Section 2(C) of this AGREEMENT, and shall then expire. To the extent the PARTICIPANT was not entitled to exercise the AWARD on the date of termination of the PARTICIPANT's ’s employment, such portion of the AWARD shall expire on the date of such termination.