Common use of Elimination of Position Clause in Contracts

Elimination of Position. Except as provided in Sections 3 or 4 below, if the termination of Participant’s employment results from the Company’s elimination of the position held by Participant, then Participant will continue to have the right to exercise the Option with respect to that portion of the Number of Shares for which the Option was vested and exercisable on the date of Participant’s termination of employment and the remaining portion shall be forfeited and cancelled. Except as provided in Subsection 2(d)(iv)(A) below, the right to exercise the vested portion of the Option will continue until the earlier of the last day of the one-year period commencing on the date of termination of employment, or the Expiration Date.

Elimination of Position. Except as provided in Sections paragraphs 3 or 4 below, if the termination of Participant’s 's employment results from the Company’s 's elimination of the position held by Participant, then Participant will continue to have the right to exercise the Option with respect to that portion of the Number of Shares for which the Option was vested and exercisable on the date of Participant’s termination of employment termination, and the remaining portion shall be forfeited and cancelled. Except as provided in Subsection 2(d)(iv)(Asubsection 2(e)(iv) below, the right to exercise the vested portion of the Option will continue until the earlier of the last day of the one-year period commencing on the date of termination of employment, or the Expiration Date.

Elimination of Position. Except as provided in Sections paragraph 3 or 4 below, if the termination of Participant’s 's employment results from the Company’s 's elimination of the position held by Participant, then Participant will continue to have the right to exercise the Option with respect to that portion of the Number of Shares for which the Option was vested and exercisable on the date of Participant’s termination of employment and the remaining portion shall be forfeited and cancelled. Except as provided in Subsection 2(d)(iv)(Asubsection 2(e)(iv)(A) below, the that right to exercise the vested portion of the Option will continue until the earlier of the last day of the one-year period commencing on the date of termination of employment, or the Expiration Date.

Elimination of Position. Except as provided in Sections 3 or 4 below, if the termination of Participant’s 's employment results from the Company’s 's elimination of the position held by ParticipantParticipant (as determined by the Committee), then Participant will continue to have the right to exercise the Option with respect to that portion of the Number of Shares for which the Option was vested and exercisable on the date of Participant’s 's termination of employment and the remaining portion shall be forfeited and cancelled. Except as provided in Subsection 2(d)(iv)(A2(d)(iv)(B) below, the right to exercise the vested portion of the Option will continue until the earlier of the last day of the one-year period commencing on the date of termination of employment, employment or the Expiration Date.

Elimination of Position. Except as provided in Sections 3 subparagraph (iv) ----------------------- below or 4 belowparagraph 3, if the termination of Participant’s 's employment results from the Company’s 's elimination of the position held by Participant, then Participant will continue to have the right to exercise the Option with respect to that portion of the Number of Shares for which the Option was vested and exercisable on the date of Participant’s termination of employment pursuant to subparagraph 2(b), and the remaining portion shall be forfeited paragraph 3 if applicable, and cancelledno other portion. Except as provided in Subsection 2(d)(iv)(A) below, the That right to exercise the vested portion of the Option will continue until the earlier of the last day of the one-year twelve (12) month period commencing on the date of following termination of employment, employment or the Expiration Date.

Elimination of Position. Except as provided in Sections 3 subparagraph ----------------------- (iv) below or 4 belowparagraph 3, if the termination of Participant’s 's employment results from the Company’s 's elimination of the position held by Participant, then Participant will continue to have the right to exercise the Option with respect to that portion of the Number of Shares for which the Option was vested and exercisable on the date of Participant’s termination of employment pursuant to subparagraph 2(b), and the remaining portion shall be forfeited paragraph 3 if applicable, and cancelledno other portion. Except as provided in Subsection 2(d)(iv)(A) below, the That right to exercise the vested portion of the Option will continue until the earlier of the last day of the one-year twelve (12) month period commencing on the date of following termination of employment, employment or the Expiration Date.

Elimination of Position. Except as provided in Sections paragraph 3 or 4 below, if the termination of Participant’s employment results from the Company’s elimination of the position held by Participant, then Participant will continue to have the right to exercise the Option with respect to that portion of the Number of Shares for which the Option was vested and exercisable on the date of Participant’s termination of employment and the remaining portion shall be forfeited and cancelled. Except as provided in Subsection 2(d)(iv)(Asubsection 2(e)(iv) below, the that right to exercise the vested portion of the Option will continue until the earlier of the last day of the one-year period commencing on the date of termination of employment, employment or the Expiration Date.