Acceleration of Exercise Dates. Notwithstanding the provisions of paragraph 3 above relating to the vesting of this Award in installments, the Committee may, in its discretion, permit this Award to be immediately exercisable, until the expiration date provided in paragraph 5 above, for the entire number of Option Shares covered hereby upon the retirement of Employee or any Change in Control of the Company (as defined in the Plan).
Acceleration of Exercise Dates. Notwithstanding the provisions of Section 4 above relating to the exercise of the Option in installments: (a) upon the Optionee's death, Disability or Retirement the Committee may, in its discretion, permit the Option to be immediately exercisable, for the entire number of Shares covered hereby, and (b) upon any Change in Control of the Company the Option shall become exercisable as provided below in Section 7(i). No portion of the Option shall be exercisable after expiration of the Option as provided in Section 6.1.
Acceleration of Exercise Dates. Notwithstanding the provisions of Paragraph 3 hereof:
(a) Upon Optionee's death or total disability, this Option shall be immediately exercisable, until the expiration date provided in Paragraph 5 above, for the entire number of Shares covered hereby;
(b) Upon Optionee's retirement from service with the Company and its Subsidiaries on or after the attainment of age 65, this Option shall be immediately exercisable, until the expiration date provided in Paragraph 5 above, for the entire number of shares covered hereby; and
(c) Upon a Change of Control, this Option may be immediately exercised pursuant to Section 11 of the Plan for the entire number of Shares covered hereby.
Acceleration of Exercise Dates. Notwithstanding the provisions of Paragraph 3 hereof: -----------
(a) Upon Employee's death or Disability, this Option shall be immediately exercisable, until the expiration date provided in Paragraph 5 ----------- above, for the entire number of Shares covered hereby;
(b) Upon Employee's retirement from service with the Company and its Subsidiaries on or after the attainment of age 65, this Option shall be immediately exercisable, until the expiration date provided in Paragraph 5 ----------- above, for the entire number of shares covered hereby; and
(c) Upon a Change of Control (as defined in the Plan), the unvested portion of the Shares subject to the Option shall become one hundred percent (100%) vested.
Acceleration of Exercise Dates. Notwithstanding the provisions of Section ------------------------------ 2 above relating to the exercise of this option in installments:
(a) upon your death or total disability this option shall be immediately exercisable, until the expiration date provided in Section 3 above, for the entire number of Option Shares covered hereby; (b) upon your retirement at age 50 or older the Organization and Compensation Committee may, in its discretion, accelerate the dates at which remaining installments of options may be exercised, until the expiration date provided in Section 3 above; and (c) upon any Change of Control of the Company (as defined in the Plan) this option shall then be immediately exercisable for the entire number of Option Shares covered hereby.
Acceleration of Exercise Dates. Notwithstanding the provisions of Paragraph 3: (a) upon Director's cessation of service due to death or Total and Permanent Disability (as defined in the Plan), the Option shall be immediately exercisable, until the expiration date provided in Paragraph 5 above, for the entire number of Shares covered hereby; provided
Acceleration of Exercise Dates. Reserved
Acceleration of Exercise Dates. Notwithstanding the provisions of Paragraph 3 above relating to the vesting of this Option in installments, this Option shall be 100% vested, until the expiration date provided in paragraph 5 above, for the entire number of Option Shares covered hereby upon the retirement of Employee or any Change of Control of the Company (as defined in the Plan).
Acceleration of Exercise Dates. Notwithstanding the provisions of Paragraph 3 hereof:
(a) If the Company terminates the Employee's employment with the Company without cause or the Employee terminates such employment for good reason, this Option shall be immediately exercisable, until the expiration date provided in Paragraph 5 above, for the entire number of Shares covered hereby;
(b) Upon Employee's death or total disability, this Option shall be immediately exercisable, until the expiration date provided in Paragraph 5 above, for the entire number of Shares covered hereby;
(c) If the Company terminates the Employee's employment with the Company with cause or the Employee terminates such employment not for good reason, this Option shall be immediately exercisable, until the expiration date provided in Paragraph 5 above, for the number of Shares vested as of the date of such termination;
(d) Upon Employee's retirement from service with the Company and its Subsidiaries on or after the attainment of age 65, this Option shall be immediately exercisable, until the expiration date provided in Paragraph 5 above, for the entire number of shares covered hereby; and
(e) Upon a Change in Control (as defined below), this Option may be immediately exercised for the entire number of Shares covered hereby. For purposes of this Agreement, "Change in Control" shall mean a transaction in which (a) all or substantially all of the assets of the Company are sold, leased, exchanged or otherwise transferred to any person or entity or group of persons or entities acting in concert as a partnership, limited partnership, syndicate or other group (collectively, a "Group of Persons") other than a person, entity or Group of Persons at least fifty percent (50%) of the combined voting power of which is held by persons who, as of July 8, 2002, were holders of Common Stock or rights to acquire Common Stock, (b) the Company is merged or consolidated with or into another corporation and the Company is not the surviving entity, or (c) the Company is liquidated or dissolved or the holders of Common Stock approve any plan or proposal for the liquidation or dissolution of the Company, in each case unless all or substantially all of the assets of the Company, after giving effect to such liquidation or dissolution, will be owned by a corporation, at least fifty percent (50%) of the combined voting power of the outstanding securities of which ordinarily (and apart from rights accruing under special circumstances) having the rig...
Acceleration of Exercise Dates. Notwithstanding the provisions of Paragraph 3 above relating to the vesting of this Option in installments, at any time prior to the fourth (4th) anniversary of the Date of Grant, (i) in the event the Company's annual earnings per share, measured as of the end of the Company's fiscal year, equals or exceeds fifty cents ($.50) per share, the Option Shares s hall be 100% vested effective with the public announcement of such earnings and (ii) the Committee may, in its discretion, permit this Option to be 100% vested, until the expiration date provided in paragraph 5 above, for the entire number of Option Shares covered hereby upon the retirement of Employee or any Change in Control of the Company (as defined in the Plan).
