Common use of Exercise After Certain Events Clause in Contracts

Exercise After Certain Events. Upon the occurrence of any of the events described below, any shares that are exercisable at that time shall remain exercisable during the period stated below, but, in any event, not later than October 11, 2019: a. Upon Optionee's Termination of Employment (i) by reason of continuing disability, immediately upon exhaustion of short-term disability benefits, (ii) because of death, or (iii) either voluntarily or involuntarily following attainment of age 55 with at least ten years of service (other than a Termination for Cause), such shares that are exercisable (including any shares that are accelerated because of such events) shall remain exercisable for five years thereafter. b. Upon Optionee’s voluntary or involuntary Termination of Employment (other than a Termination for Cause, or a Termination of Employment following Optionee’s attainment of age 55 with at least ten years of service), such shares that are exercisable shall remain exercisable for ninety days thereafter. c. Upon Optionee’s Termination for Cause, or if the Committee determines that this Option is forfeit pursuant to Section IV of the Plan because Optionee engaged in competition with the Company or an Affiliate, or Optionee engaged in any activity or conduct contrary to the best interests of the Company or any Affiliate, such shares that are then exercisable shall remain exercisable for seven days after such Termination or determination.

Exercise After Certain Events. Upon the occurrence of any of the events described below, any shares that are exercisable at that time shall remain exercisable during the period stated below, but, in any event, not later than October 11, 2019the last day of the Term: a. Upon Optionee's Termination of Employment (i) by reason of continuing disability, immediately upon exhaustion of short-term disability benefits, (ii) because of death, or (iii) either voluntarily or involuntarily following attainment of age 55 with at least ten (10) years of service (other than a Termination for Cause) (all of the above are defined as a “3a Termination”), such shares that are exercisable (including any shares that are accelerated because of such events) shall remain exercisable for five (5) years thereafter. b. Upon Optionee’s voluntary or involuntary Termination of Employment (other than a Termination for Cause, or Cause and other than a Termination of Employment following Optionee’s attainment of age 55 with at least ten years of service3a Termination), such shares that are exercisable shall remain exercisable for ninety (90) days thereafter. c. Upon Optionee’s Termination for Cause, or if the Committee determines that this Option is forfeit forfeited pursuant to Section IV of the Plan or otherwise under this Option Agreement because Optionee engaged in competition with the Company or an Affiliate, or Optionee engaged in any activity or conduct contrary to the best interests of the Company or any Affiliate, such shares that are then exercisable shall remain exercisable for seven (7) days after such Termination or determination.

Exercise After Certain Events. Upon the occurrence of any of the events described below, any shares that are exercisable at that time shall remain exercisable during the period stated below, but, in any event, not later than October 11, 2019the last day of the Term: a. Upon Optionee's ’s Termination of Employment (i) by reason of continuing disability, immediately upon exhaustion of short-term disability benefits, (ii) because of death, or (iii) either voluntarily or involuntarily following attainment of age 55 with at least ten (10) years of service (other than a Termination for Cause), such shares that are exercisable (including any shares that are accelerated because of such events) shall remain exercisable for five (5) years thereafter. b. Upon Optionee’s voluntary or involuntary Termination of Employment (other than a Termination for Cause, or a Termination of Employment following Optionee’s attainment of age 55 with at least ten (10) years of service), such shares that are exercisable shall remain exercisable for ninety (90) days thereafter. c. Upon Optionee’s Termination for Cause, or if the Committee determines that this Option is forfeit forfeited pursuant to Section IV of the Plan or otherwise under this Option Agreement because Optionee engaged in competition with the Company or an Affiliate, or Optionee engaged in any activity or conduct contrary to the best interests of the Company or any Affiliate, such shares that are then exercisable shall remain exercisable for seven (7) days after such Termination or determination.

Exercise After Certain Events. Upon the occurrence of any of the events ------------------------------- described below, any shares that are exercisable at that time upon such occurrence shall remain exercisable during the period stated below, but, in any event, not later than October 11September 20, 20192010: a. Upon If Optionee's Termination employment is terminated due to declaration of Employment (i) by reason of continuing total and permanent disability, immediately upon exhaustion of short-term disability benefits, (ii) because of death, voluntary termination at or (iii) either voluntarily or involuntarily following attainment of after age 55 with at least ten 15 years of service Service or involuntary termination of employment (other than a Termination for Cause)events described in Sections IV.A.1, such shares that are exercisable (including any shares that are accelerated because 3 or 4 of such events) shall remain exercisable for five years thereafter. b. Upon Optionee’s voluntary or involuntary Termination of Employment (other than a Termination for Cause, or a Termination of Employment following Optionee’s attainment of age 55 with at least ten years of servicethe Plan), such shares that are exercisable shall remain exercisable for ninety days five years thereafter.; b. If Optionee's employment is terminated due to death, such shares that are exercisable shall remain exercisable for three years thereafter; c. Upon Optionee’s Termination for CauseWhen, or if the Committee determines that this Option is forfeit prior to a Change of Control, there has been a declaration of forfeiture pursuant to Section IV of the Plan because Optionee's employment is Terminated for Cause, Optionee engaged engages in competition with the Company or an Affiliate, or Optionee engaged engages in any activity or conduct contrary to the best interests of the Company or any Affiliate, such shares that are then exercisable shall remain exercisable for seven days after such Termination declaration; or d. After a Change of Control, if Optionee's employment is Terminated for Cause, Optionee engages in competition with the Company or determinationan Affiliate, or Optionee engages in any activity or conduct contrary to the best interests of the Company or any Affiliate, such shares that are then exercisable shall remain exercisable for seven days after a declaration that any of such events has occurred.