Common use of Exercise After Termination Clause in Contracts

Exercise After Termination. Except as provided hereinafter in this subsection (c), if the Optionee ceases to be a Service Provider (determined after application of subsection (g) hereof) the Option may be exercised, to the extent vested as of the date of such cessation, during the thirty (30) day period following such cessation, provided that the Option shall not in any event be exercisable following the expiration of its term. Notwithstanding the foregoing provisions of this subsection (c), upon termination of employment by reason of (i) death, (ii) Disability, or (iii) Retirement, any portion of the Option which would otherwise not then be exercisable shall become immediately exercisable, and the Option shall be exercisable during the [ ] year period following such termination; provided, however, that the Option shall not in any event be exercisable following the expiration of its term. In the event of any question regarding the meaning of the terms "termination", "employment", "Retirement" or "Disability" the determination of the Committee shall be final and binding.

Exercise After Termination. Except as provided hereinafter in this subsection (c), if the Optionee ceases to be a Service Provider Employee (determined after application of subsection (g) hereof) the Option may be exercised, to the extent vested as of the date of such cessation, during the thirty (30) day period following such cessation, provided that the Option shall not in any event be exercisable following the expiration of its term. Notwithstanding the foregoing provisions of this subsection (c), upon termination of Optionee's employment by reason of (i) death, (ii) Disability, or (iii) Retirement, any portion of the Option which would otherwise not then be exercisable shall become immediately exercisable, and the Option shall be exercisable during the [ ] year period following such termination; provided, however, that the Option shall not in any event be exercisable following the expiration of its term. In the event of any question regarding the meaning of the terms "termination", "employment", "Retirement" or "Disability" the determination of the Committee shall be final and binding.

Exercise After Termination. Except as provided hereinafter in this subsection (c), if the Optionee ceases to be a Service Provider (determined after application of subsection (g) hereof) the Option may be exercised, to the extent vested as of the date of such cessation, during the thirty (30) day period following such cessation, provided that the Option shall not in any event be exercisable following the expiration of its term. Notwithstanding the foregoing provisions of this subsection (c), upon termination of employment as a Service Provider by reason of (i) death, (ii) Disability, or (iii) Retirement, any portion of the Option which would otherwise not then be exercisable shall become immediately exercisable, and the Option shall be exercisable during the [ ] year period following such termination; provided, however, that the Option shall not in any event be exercisable following the expiration of its term. In the event of any question regarding the meaning of the terms "termination", "employment", "Retirement" or "Disability" the determination of the Committee shall be final and binding.

Exercise After Termination. Except as provided hereinafter in this subsection (c), if the Optionee ceases to be a Service Provider (determined after application of subsection (g) hereof) the Option may be exercised, to the extent vested as of the date of such cessation, during the thirty (30) day period following such cessation, provided that the Option shall not in any event be exercisable following the expiration of its term. Notwithstanding the foregoing provisions of this subsection (c), upon termination of Optionee's employment by reason of (i) death, (ii) Disability, or (iii) Retirement, any portion of the Option which would otherwise not then be exercisable shall become immediately exercisable, and the Option shall be exercisable during the [ ] year period following such termination; provided, however, that the Option shall not in any event be exercisable following the expiration of its term. In the event of any question regarding the meaning of the terms "termination", "employment", "Retirement" or "Disability" the determination of the Committee shall be final and binding.

Exercise After Termination. Except as provided hereinafter in this subsection (c), if the Optionee ceases to be a Service Provider an employee (determined after application of subsection (g) hereof) the Option may be exercised, to the extent vested as of the date of such cessation, during the thirty (30) day period following such cessation, provided that the Option shall not in any event be exercisable following the expiration of its term. Notwithstanding the foregoing provisions of this subsection (c), upon termination of employment by reason of (i) death, (ii) Disability, or (iii) Retirement, any portion of the Option which would otherwise not then be exercisable shall become immediately exercisable, and the Option shall be exercisable during the [ ] year period following such termination; provided, however, that the Option shall not in any event be exercisable following the expiration of its term. In the event of any question regarding the meaning of the terms "termination", "employment", "Retirement" or "Disability" the determination of the Committee shall be final and binding.