Approved Personal Leave of Absence. Vesting credit will not continue (and instead will be tolled or suspended) during any leave of absence that is not a Statutory Leave of Absence (a “Personal Leave of Absence”). For purposes of clarification, a Participant will not be considered to have incurred a Termination of Service during any Company-approved Personal Leave of Absence so long as the Participant complies with applicable law and applicable Company leave policies.
Approved Personal Leave of Absence. (Non-Statutory Leave). The restricted or deferred stock and Option components of the Award will continue to vest during the first 90 days of Participant's approved personal leave of absence, provided that Participant's leave of absence was approved by management of Participant's business unit in accordance with the leave of absence policies applicable to Participant. If Participant's leave of absence exceeds 90 days, vesting will be suspended until he or she returns to work and remains actively employed for 30 days, at which time vesting of the restricted or deferred stock component of the Award will resume and vesting of the Option component of the Award will be restored retroactively. The vested portion of an Option may be exercised during the first 12 months of an approved personal leave of absence but not later than the Option Expiration Date indicated in the Stock Option Grant Summary of this Agreement. If Participant's leave of absence exceeds one year, vesting of the restricted or deferred stock and Option components of the Award, and the right to exercise the vested portion of an Option (if any) will cease on the date that Participant's leave of absence has exceeded one year; all unvested components of the Award will be canceled and Participant shall have no further rights of any kind with respect to the Award.
Approved Personal Leave of Absence. (Non-Statutory Leave). Unvested shares will continue to vest on schedule during the first six months of Participant's personal leave of absence, provided that Participant's leave of absence was approved by management of Participant's business unit in accordance with the leave of absence policies applicable to Participant (an "approved personal leave of absence"). Any unvested shares will be canceled as soon as the approved personal leave of absence has exceeded six months. If the employment of Participant terminates for any reason during the first six months of an approved personal leave of absence, then such applicable provisions of this Section 6 will apply.
