Common use of Accelerated Exercise Clause in Contracts

Accelerated Exercise. Notwithstanding the above, the SARs shall become exercisable before the normal exercise dates set forth in paragraph 2 above upon the occurrence of any of the events set forth below while SAR Holder is employed by the Company (hereinafter referred to as an “Accelerating Event”). The SARs shall become exercisable in full on the date of such Accelerating Event, as set forth below, and shall remain exercisable for the periods also set forth below or until the Expiration Date, whichever occurs first. Thereafter, the unexercised portion of the SARs are forfeited and may not be exercised. Accelerating Events include the following: a. Death of SAR Holder; exercisable for three years. b. Disability of SAR Holder; exercisable for three years. c. Voluntary termination of SAR Holder’s employment at or after attainment of age 62; exercisable for three years. d. Involuntary termination of employment of SAR Holder, other than a termination for death, Disability, or Cause; exercisable for six months. e. Occurrence of a Change in Control Date; exercisable for six months after the Change in Control Date.

Accelerated Exercise. Notwithstanding the above, the SARs this SAR shall become exercisable before the normal exercise dates set forth in paragraph 2 above upon the occurrence of any of the events set forth below while SAR Holder is employed by the Company (hereinafter referred to as an “Accelerating Event”). The SARs This SAR shall become exercisable in full on the date of such Accelerating Event, as set forth below, and shall remain exercisable for the periods also set forth below or until the Expiration DateFebruary 14, 2022, whichever occurs first. Thereafter, the unexercised portion of the SARs are this SAR is forfeited and may not be exercised. An Accelerating Events include Event may be any of the following: a. Death of SAR Holder; exercisable for three years. b. Disability Declaration of SAR Holder’s total and permanent disability; exercisable for three years. c. Voluntary termination of SAR Holder’s employment at or after attainment of age 62; 64 exercisable for three years. d. Involuntary termination of employment of SAR Holder, other than a termination Termination for death, Disability, or Cause; exercisable for six months. e. Occurrence of a Change in Control Date; (exercisable upon an occurrence of a Change in Control and for six months after following the Change in Control DateControl).

Accelerated Exercise. Notwithstanding the above, the SARs this SAR shall become exercisable before the normal exercise dates set forth in paragraph 2 above upon the occurrence of any of the events set forth below while SAR Holder is employed by the Company (hereinafter referred to as an “Accelerating Event”). The SARs This SAR shall become exercisable in full on the date of such Accelerating Event, as set forth below, and shall remain exercisable for the periods also set forth below or until the Expiration DateFebruary 14, 2022, whichever occurs first. Thereafter, the unexercised portion of the SARs are this SAR is forfeited and may not be exercised. An Accelerating Events include Event may be any of the following: a. Death of SAR Holder; exercisable for three years. b. Disability Declaration of SAR Holder’s total and permanent disability; exercisable for three years. c. Voluntary termination of SAR Holder’s employment at or after attainment of age 62; 62 exercisable for three years. d. Involuntary termination of employment of SAR Holder, other than a termination Termination for death, Disability, or Cause; exercisable for six months. e. Occurrence of a Change in Control Date; (exercisable upon an occurrence of a Change in Control and for six months after following the Change in Control DateControl).

Accelerated Exercise. Notwithstanding the above, the SARs this SAR shall become exercisable before the normal exercise dates set forth in paragraph 2 above upon the occurrence of any of the events set forth below while SAR Holder is employed by the Company (hereinafter referred to as an “Accelerating Event”). The SARs This SAR shall become exercisable in full on the date of such Accelerating Event, as set forth below, and shall remain exercisable for the periods also set forth below or until the Expiration DateSeptember 24, 2018, whichever occurs first. Thereafter, the unexercised portion of the SARs are this SAR is forfeited and may not be exercised. An Accelerating Events include Event may be any of the following: a. Death of SAR Holder; exercisable for three years. b. Disability Declaration of SAR Holder’s total and permanent disability; exercisable for three years. c. Voluntary termination of SAR Holder’s employment at or after attainment of age 6262 or age 64 for SAR Holders age 60 or older; exercisable for three years. d. Involuntary termination of employment of SAR Holder, other than a termination Termination for death, Disability, or Cause; exercisable for six months. e. Occurrence of a Change in Control Date; (exercisable upon an occurrence of a Change in Control and for six months after following the Change in Control DateControl).