Common use of Change in Employment Status; Termination for Cause Clause in Contracts

Change in Employment Status; Termination for Cause. If (a) your employment with the Company terminates for reasons other than death, Disability, or Retirement, (b) you violate Section C.6.(a), C.6.(b), C.7.(a), or C.7.(b) of this Award Agreement, or (c) your employment is terminated for Cause, then all Option shares granted to you pursuant to this Award that have not become exercisable as of your Termination Date will immediately lapse. Option shares that are exercisable as of your Termination Date will lapse unless exercised within a period of three (3) months from your Termination Date. Upon your Retirement, all Option shares that are not exercisable as of the date of your Retirement will continue to vest according to the schedule set forth in Section A.1. of this Award Agreement, and all Option shares will remain exercisable until the Expiration Date. Upon your death or the termination of your employment by reason of Disability, all Option shares will immediately become fully exercisable as of the date of death or termination on account of Disability and will lapse unless exercised within a period of one (1) year from the date of death or your Termination Date. In no event will the above time periods extend beyond the Expiration Date. After attaining Retirement Eligibility, if you violate Section C.6.(a), C.6.(b), C.7.(a), or C.7.(b) of this Award Agreement, are discharged for Cause, or the Company discovers after your Termination Date that grounds existed for Cause as of your Termination Date, all Option shares, whether presently exercisable or not, will immediately lapse and become null and void on and as of the earlier of (a) your Termination Date, (b) or if applicable, the date of such violation of Section C.6.(a), C.6.(b), C.7.(a), or C.7.(b).

Change in Employment Status; Termination for Cause. If (a) your employment with the Company terminates for reasons other than death, Disability, or Retirement, (b) you violate Section C.6.(aD.6.(a), C.6.(bD.6.(b), C.7.(aD.7.(a), or C.7.(bD.7.(b) of this Award Agreement, or (c) your employment is terminated for Cause, then all Option shares granted to you pursuant to this Award that have not become exercisable as of your Termination Date will immediately lapse. Option shares that are exercisable as of your Termination Date will lapse unless exercised within a period of three (3) months from your Termination Date. Upon your Retirement, all Option shares that are not exercisable as of the date of your Retirement will continue to vest according to the schedule set forth in Section A.1. of this Award Agreement, and all Option shares will remain exercisable until the Expiration Date. Upon your death or the termination of your employment by reason of Disability, all Option shares will immediately become fully exercisable as of the date of death or termination on account of Disability and will lapse unless exercised within a period of one (1) year from the date of death or your Termination Date. In no event will the above time periods extend beyond the Expiration Date. After attaining Retirement Eligibility, if you violate Section C.6.(aD.6.(a), C.6.(bD.6.(b), C.7.(aD.7.(a), or C.7.(bD.7.(b) of this Award Agreement, are discharged for Cause, or the Company discovers after your Termination Date that grounds existed for Cause as of your Termination Date, all Option shares, whether presently exercisable or not, will immediately lapse and become null and void on and as of the earlier of (a) your Termination Date, (b) or if applicable, the date of such violation of Section C.6.(aD.6.(a), C.6.(bD.6.(b), C.7.(aD.7.(a), or C.7.(bD.7.(b).

Change in Employment Status; Termination for Cause. If (a) your employment with the Company terminates for reasons other than death, Disability, Disability or Retirement, (b) you violate Section C.6.(a), C.6.(b), C.7.(a), ) or C.7.(b) of this Award Agreement, or (c) your employment is terminated for Cause, then all Option shares granted to you pursuant to this Award that have not become exercisable as of your Termination Date will immediately lapse. Option shares that are exercisable as of your Termination Date will lapse unless exercised within a period of three (3) months from your Termination Date. Upon your Retirement, all Option shares that are not exercisable as of the date of your Retirement will continue to vest according to the schedule set forth in Section A.1. of this Award Agreement, and all Option shares will remain exercisable until the Expiration Date. Upon your death or the termination of your employment by reason of Disability, all Option shares will immediately become fully exercisable as of the date of death or termination on account of Disability and will lapse unless exercised within a period of one (1) year from the date of death or your Termination Date. In no event will the above time periods extend beyond the Expiration Date. After attaining Retirement Eligibility, if you violate Section C.6.(a), C.6.(b), C.7.(a), ) or C.7.(b) of this Award Agreement, are discharged for Cause, or the Company discovers after your Termination Date that grounds existed for Cause as of your Termination Date, all Option shares, whether presently exercisable or not, will immediately lapse and become null and void on and as of the earlier of (a) your Termination Date, (b) or if applicable, the date of such violation of Section C.6.(a), C.6.(b), C.7.(a), ) or C.7.(b).

Change in Employment Status; Termination for Cause. If (a) your employment with the Company terminates for reasons other than death, Disability, Disability or Retirement, (b) you violate Section C.6.(a), C.6.(bC.6. (b), C.7.(a), ) or C.7.(b) of this Award Agreement, or (c) your employment is terminated for Cause, then all Option shares granted to you pursuant to this Award that have not become exercisable as of the date of your Termination Date termination will immediately lapse. Option shares that are exercisable as of your Termination Date the date of termination of employment will lapse unless exercised within a period of three (3) months from the date of your Termination Datetermination of employment. Upon your Retirement, all Option shares that are not exercisable as of the date of your Retirement will continue to vest according to the schedule set forth in Section A.1. of this Award Agreement, and all Option shares will remain exercisable until the Expiration Date. Upon your death or the termination of your employment by reason of Disability, all Option shares will immediately become fully exercisable as of the date of death or termination on account of Disability and will lapse unless exercised within a period of one (1) year from the date of death or your Termination Datesuch termination. In no event will the above time periods extend beyond the Expiration Date. After attaining Retirement Eligibility, if you violate Section C.6.(a), C.6.(b), C.7.(a), ) or C.7.(b) of this Award Agreement, are discharged for Cause, or the Company discovers after the termination of your Termination Date employment that grounds existed for Cause as at the time of your Termination Datetermination, all Option shares, whether presently exercisable or not, will immediately lapse and become null and void on and as of the earlier of (a) the date of your Termination Datetermination of employment, (b) or if applicable, the date of such violation of Section C.6.(a), C.6.(b), C.7.(a), ) or C.7.(b).

Change in Employment Status; Termination for Cause. If (a) your employment with the Company terminates for reasons other than death, Disability, Disability or Retirement, (b) you violate Section C.6.(aD.6.(a), C.6.(bD.6.(b), C.7.(a), D.7.(a) or C.7.(bD.7.(b) of this Award Agreement, or (c) your employment is terminated for Cause, then all Option shares granted to you pursuant to this Award that have not become exercisable as of the date of your Termination Date termination will immediately lapse. Option shares that are exercisable as of your Termination Date the date of termination of employment will lapse unless exercised within a period of three (3) months from the date of your Termination Datetermination of employment. Upon your Retirement, all Option shares that are not exercisable as of the date of your Retirement will continue to vest according to the schedule set forth in Section A.1. of this Award Agreement, and all Option shares will remain exercisable until the Expiration Date. Upon your death or the termination of your employment by reason of Disability, all Option shares will immediately become fully exercisable as of the date of death or termination on account of Disability and will lapse unless exercised within a period of one (1) year from the date of death or your Termination Datesuch termination. In no event will the above time periods extend beyond the Expiration Date. After attaining Retirement Eligibility, if you violate Section C.6.(aD.6.(a), C.6.(bD.6.(b), C.7.(a), D.7.(a) or C.7.(bD.7.(b) of this Award Agreement, are discharged for Cause, or the Company discovers after the termination of your Termination Date employment that grounds existed for Cause as at the time of your Termination Datetermination, all Option shares, whether presently exercisable or not, will immediately lapse and become null and void on and as of the earlier of (a) the date of your Termination Datetermination of employment, (b) or if applicable, the date of such violation of Section C.6.(aD.6.(a), C.6.(bD.6.(b), C.7.(a), D.7.(a) or C.7.(bD.7.(b).

Change in Employment Status; Termination for Cause. If (a) your employment with the Company terminates for reasons other than death, Disability, Disability or Retirement, (b) you violate Section C.6.(aD.6.(a), C.6.(bD.6.(b), C.7.(a), D.7.(a) or C.7.(bD.7.(b) of this Award Agreement, or (c) your employment is terminated for Cause, then all Option shares granted to you pursuant to this Award that have not become exercisable as of your Termination Date will immediately lapse. Option shares that are exercisable as of your Termination Date will lapse unless exercised within a period of three (3) months from your Termination Date. Upon your Retirement, all Option shares that are not exercisable as of the date of your Retirement will continue to vest according to the schedule set forth in Section A.1. of this Award Agreement, and all Option shares will remain exercisable until the Expiration Date. Upon your death or the termination of your employment by reason of Disability, all Option shares will immediately become fully exercisable as of the date of death or termination on account of Disability and will lapse unless exercised within a period of one (1) year from the date of death or your Termination Date. In no event will the above time periods extend beyond the Expiration Date. After attaining Retirement Eligibility, if you violate Section C.6.(aD.6.(a), C.6.(bD.6.(b), C.7.(a), D.7.(a) or C.7.(bD.7.(b) of this Award Agreement, are discharged for Cause, or the Company discovers after your Termination Date that grounds existed for Cause as of your Termination Date, all Option shares, whether presently exercisable or not, will immediately lapse and become null and void on and as of the earlier of (a) your Termination Date, (b) or if applicable, the date of such violation of Section C.6.(aD.6.(a), C.6.(bD.6.(b), C.7.(a), D.7.(a) or C.7.(bD.7.(b).