Common use of Cessation of Affiliation Clause in Contracts

Cessation of Affiliation. Except as provided in Paragraph 5 hereof, if, for any reason other than Optionee’s disability or death, Optionee ceases to be employed by or affiliated with the Corporation or a Subsidiary, this Stock Option shall expire three (3) months thereafter or on the date specified in Paragraph 2 hereof, whichever is earlier. During such period after cessation of employment or affiliation, this Stock Option shall be exercisable only as to those increments, if any, which had become exercisable as of the date on which the Optionee ceased to be employed by or affiliated with the Corporation or Subsidiary, and any Stock Options or increments which had not become exercisable as of such date shall expire and terminate automatically on such date.

Cessation of Affiliation. Except as provided in Paragraph 5 7 hereof, if, for any reason other than Optionee’s 's disability or death, Optionee ceases to be employed by or affiliated with the Corporation or a Subsidiary, this Stock Option shall expire three (3) months thereafter or on the date specified in Paragraph 2 hereof, whichever is earlier. During such period after cessation of employment or affiliation, this Stock Option shall be exercisable only as to those increments, if any, which had become exercisable as of the date on which the Optionee ceased to be employed by or affiliated with the Corporation or Subsidiary, and any Stock Options or increments which had not become exercisable as of such date shall expire and terminate automatically on such date.

Cessation of Affiliation. Except as provided in Paragraph 5 6 hereof, if, for any reason other than Optionee’s disability or death, Optionee ceases to be employed by or affiliated with the Corporation Company or a Subsidiary, this Stock Option shall expire three ninety (390) months days thereafter or on the date specified in Paragraph 2 hereof, whichever is earlier. During such period after cessation of employment or affiliation, this Stock Option shall be exercisable only as to those increments, if any, which had become exercisable as of the date on which the Optionee ceased to be employed by or affiliated with the Corporation Company or Subsidiary, and any Stock Options or increments which had not become exercisable as of such date shall expire and terminate automatically on such date.

Cessation of Affiliation. Except as provided in Paragraph 5 6 hereof, if, for any reason other than Optionee’s 's disability or death, Optionee ceases to be employed by or affiliated with the Corporation Company or a Subsidiary, this Stock Option shall expire three ninety (390) months days thereafter or on the date specified in Paragraph 2 hereof, whichever is earlier. During such period after cessation of employment or affiliation, this Stock Option shall be exercisable only as to those increments, if any, which had become exercisable as of the date on which the Optionee ceased to be employed by or affiliated with the Corporation Company or Subsidiary, and any Stock Options or increments which had not become exercisable as of such date shall expire and terminate automatically on such date.

Cessation of Affiliation. Except as provided in Paragraph 5 Paragraphs 6 and 7 hereof, if, for any reason other than Optionee’s 's disability or death, Optionee ceases to be employed by or affiliated with the Corporation Bank or a Subsidiary, this Stock Option shall expire three (3) months thereafter or on the date specified in Paragraph 2 hereof, whichever is earlier. During such period after cessation of employment or affiliation, this Stock Option shall be exercisable only as to those increments, if any, which had become exercisable as of the date on which the Optionee ceased to be employed by or affiliated with the Corporation Bank or Subsidiary, and any Stock Options Option or increments which had not become exercisable as of such date shall expire and terminate automatically on such date.

Cessation of Affiliation. Except as provided in Paragraph 5 hereof, if, for any reason other than Optionee’s 's disability or death, Optionee ceases to be employed by or affiliated with the Corporation Company or a Subsidiary, this Stock Option shall expire three (3) months thereafter or on the date specified in Paragraph 2 hereof, whichever is earlier. During such period after cessation of employment or affiliation, this Stock Option shall be exercisable only as to those increments, if any, which had become exercisable as of the date on which the Optionee ceased to be employed by or affiliated with the Corporation Company or Subsidiary, and any Stock Options or increments which had not become exercisable as of such date shall expire and terminate automatically on such date.

Cessation of Affiliation. Except as provided in Paragraph 5 6 hereof, if, for any reason other than Optionee’s 's disability or death, Optionee ceases to be employed by or affiliated with the Corporation Bank or a Subsidiary, this Stock Option shall expire three ninety (390) months days thereafter or on the date specified in Paragraph 2 hereof, whichever is earlier. During such period after cessation of employment or affiliation, this Stock Option shall be exercisable only as to those increments, if any, which had become exercisable as of the date on which the Optionee ceased to be employed by or affiliated with the Corporation Bank or Subsidiary, and any Stock Options or increments which had not become exercisable as of such date shall expire and terminate automatically on such date.

Cessation of Affiliation. Except as provided in Paragraph 5 Section 12 hereof, if, if for any reason other than Optionee’s disability or death, an Optionee ceases to be employed by or affiliated with the Corporation Company or a Subsidiary, this the Stock Option Options granted to such Optionee shall expire on the expiration dates specified for said Stock Options at the time of their grant, or three (3) months thereafter or on after the date specified in Paragraph 2 hereofOptionee ceases to be so affiliated, whichever is earlier. During such period after cessation of employment or affiliation, this such Stock Option Options shall be exercisable only as to those increments, if any, which had become exercisable as of the date on which the such Optionee ceased to be employed by or affiliated with the Corporation Company or the Subsidiary, and any Stock Options or increments which had not become exercisable as of such date shall expire and terminate automatically on such date.

Cessation of Affiliation. Except as provided in Paragraph 5 hereof, if, for any reason other than Optionee’s 's disability or death, Optionee ceases to be employed by or affiliated with the Corporation or a Subsidiary, this Stock Option shall expire three (3) months thereafter or on the date specified in Paragraph 2 hereof, whichever is earlier. During such period after cessation of employment or affiliation, this Stock Option shall be exercisable only as to those increments, if any, which had become exercisable as of the date on which the Optionee ceased to be employed by or affiliated with the Corporation or Subsidiary, and any Stock Options or increments which had not become exercisable as of such date shall expire and terminate automatically on such date.