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 upon such occurrence shall remain exercisable during the period stated below, but, in any event, not later than September 20, 2010: a. If Optionee's employment is terminated due to declaration of total and permanent disability, voluntary termination at or after the time set forth in paragraph 2(c)(i) or (ii), or involuntary termination of employment (other than for events described in Sections IV.A.1, 3 or 4 of the Plan), such shares that are exercisable shall remain exercisable for 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. If Optionee's employment is terminated voluntarily prior to the time set forth in paragraph 2(c) (i) or (ii), such shares that are exercisable shall remain exercisable for six months after such voluntary termination; d. When, 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 engages in competition with the Company or an 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 such declaration; or e. After a Change of Control, if Optionee's employment is Terminated for Cause, Optionee engages in competition with the Company or an 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.

Exercise After Certain Events. Upon the occurrence of any of the events ------------------------------- ----------------------------- described below, any shares that are exercisable upon on the date of such occurrence event shall remain exercisable during the period stated below, but, in any event, not later than September 2027, 20102005: a. If Optionee's employment is terminated due to death, declaration of total and permanent disability, voluntary termination or retirement at or after the time set forth in paragraph 2(c)(i) or (ii)attainment of age 62, or involuntary termination of employment (other than at or after Optionee has fulfilled all applicable conditions to qualify for events described in Sections IV.A.1, 3 an unreduced retirement benefit at or 4 after early retirement age under any of the Plan)Company's retirement programs, or any governmental or national programs to which the Company or one of its affiliates contributes or has contributed on Optionee's behalf, such shares that are exercisable shall remain exercisable for five three years thereafter; b. If Optionee's employment is involuntarily terminated due to deathfor reasons other than Termination for Cause, or if Optionee voluntarily terminates employment on or after the date described in paragraph 2c hereof, but before age 62 or the date Optionee qualifies for unreduced retirement benefits as described in paragraph 3a above, such shares that are exercisable shall remain exercisable for three years thereafter; c. If Optionee's employment is terminated voluntarily prior to the time set forth in paragraph 2(c) (i) or (ii), such shares that are exercisable shall remain exercisable for six months after such voluntary terminationthereafter; d. c. When, 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 voluntarily terminates employment earlier than on or after the date described in paragraph 2c hereof, Optionee engages in competition with the Company or an 3 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 such declarationthereafter; or e. After d. With respect to shares that are exercisable after a Change of Control, if Optionee voluntarily terminates employment earlier than on or after the date described in paragraph 2c hereof, such shares shall remain exercisable for six months thereafter; but such shares shall remain exercisable for only seven days if Optionee's employment is Terminated for Cause, Optionee engages in competition with the Company or an 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.

Exercise After Certain Events. Upon The Option will terminate under the occurrence following circumstances: (a) If the Optionee is an Employee or Consultant and is neither a Director nor Officer and ceases to be an Employee or Consultant by reason of any termination of employment of the events ------------------------------- described belowEmployee for cause or termination of engagement of the Consultant for breach, the Option will terminate on the effective date of the Optionee ceasing to be an Employee or Consultant for that reason. (b) If the Optionee dies, the Optionee’s personal representative or administrator will have the right to exercise in whole or in part any shares unexercised Option at any time until the earlier of (a) the Expiry Date and (b) the date that are exercisable upon such occurrence shall remain exercisable during is one year after the period stated belowdate of the Optionee’s death. (c) If the Optionee ceases to be an Eligible Participant for any reason other than as set out in subsections 9(a) or (b), but, in any event, not later than September 20, 2010the Option will terminate on the earlier of: a. If Optionee's employment i. the Expiry Date; and ii. the date that is terminated due to declaration of total and permanent disability, voluntary termination at or 90 days after the time effective date of the Optionee ceasing to be an Eligible Participant for that other reason. (d) Notwithstanding subsection 9(c) hereof, if the Optionee is an Employee who is engaged in investor relations activities (within the meaning of the Exchange’s policies) and is neither a Director nor an Officer, the Option will terminate on the earlier of i. the Expiry Date; and ii. the date that is 30 days after the date on which the Optionee ceases to provide services to the Company or any Affiliate. (e) If the Optionee ceases to be one type of Eligible Participant but concurrently is or becomes one or more other type of Eligible Participant, the Option will not terminate but will continue in full force and effect and the Optionee may exercise the Option until the earlier of 9(a) the Expiry Date and 9(b) the applicable date set forth in paragraph 2(c)(isubsection 9(a), (b), (c) or (ii), or involuntary termination d) where the Optionee ceases to be any type of employment Eligible Participant. (other than for events described in Sections IV.A.1, 3 or 4 f) The Option will not be affected by any change of the Plan), such shares that are exercisable shall remain exercisable for five years thereafter; b. If Optionee's ’s employment is terminated due where the Optionee continues to death, such shares that are exercisable shall remain exercisable for three years thereafter; c. If Optionee's employment is terminated voluntarily prior to the time set forth in paragraph 2(c) (i) or (ii), such shares that are exercisable shall remain exercisable for six months after such voluntary termination; d. When, 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 engages in competition with be employed by the Company or an 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 such declaration; or e. After a Change of Control, if Optionee's employment is Terminated for Cause, Optionee engages in competition with the Company or an 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.

Exercise After Certain Events. Upon the occurrence of any of the events ------------------------------- ----------------------------- described below, any shares that are exercisable upon such occurrence shall remain exercisable during the period stated below, but, in any event, not later than September 2023, 20102008: a. If Optionee's employment is terminated due to death, declaration of total and permanent disability, voluntary termination at or after the time set forth in paragraph 2(c)(i) or (ii), or involuntary termination of employment (other than for events described in Sections IV.A.1, 3 or 4 of the Plan), such shares that are exercisable shall remain exercisable for 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. If Optionee's employment is terminated voluntarily prior to the time set forth in paragraph 2(c) (i2(c)(i) or (ii), such shares that are exercisable shall remain exercisable for six months after such voluntary termination; d. c. When, 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 engages in competition with the Company or an 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 such declaration; or e. d. After a Change of Control, if Optionee's employment is Terminated for Cause, Optionee engages in competition with the Company or an 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.