Common use of Exercise and Vesting Schedule Clause in Contracts

Exercise and Vesting Schedule. (a) This Option shall become exercisable in three cumulative annual installments, as follows: (i) one-third of the Option Shares shall become exercisable on the first anniversary of the Grant Date; (ii) an additional one-third of the Option Shares shall become exercisable on the second anniversary of the Grant Date; and (iii) the remaining one-third of the Option Shares shall become exercisable on the third anniversary of the Grant Date; provided, however, that the Optionee must be in continuous Employment from the Grant Date through the date of exercisability of each installment in order for the Option to become exercisable with respect to additional shares of Common Stock on such date. If the Employment of the Optionee is terminated for any reason other than death or Retirement, any Option Shares that are not exercisable as of the date of such termination of Employment shall be forfeited to the Corporation. (b) This Option shall become fully exercisable, irrespective of the limitations set forth in subparagraph (a) above, upon: (i) termination of the Optionee’s Employment due to death; (ii) termination of the Optionee’s Employment due to Retirement; or (ii) a Change in Control of the Corporation, provided that as of such Change in Control the Optionee had been in continuous Employment since the Grant Date.

Exercise and Vesting Schedule. (a) This Option Award shall become exercisable in three cumulative annual installments, as follows: (i) one-third [####] of the Option Award Shares shall become exercisable on the first anniversary of the Grant Date[DATE]; (ii) an additional one-third [####] of the Option Award Shares shall become exercisable on the second anniversary of the Grant Date[DATE]; and (iii) the remaining one-third of the Option [####] Award Shares shall become exercisable on the third anniversary of the Grant Date[DATE]; provided, however, that the Optionee Grantee must be in continuous Employment from the Grant Date through the date of exercisability of each installment in order for the Option Award to become exercisable with respect to additional shares of Common Stock on such date. If the Employment of the Optionee Grantee is terminated for any reason other than death or Retirement, any Option Award Shares that are not exercisable as of the date of such termination of Employment shall be forfeited to the Corporation. (b) If the Employment of the Grantee is terminated due to Retirement, the Award shall continue to become exercisable in accordance with the schedule set forth in subparagraph (a) above, irrespective of the Grantee’s Retirement or subsequent death. (c) This Option Award shall become fully exercisable, irrespective of the limitations set forth in subparagraph (a) above, upon: (i) termination of the OptioneeGrantee’s Employment due to death; (ii) termination of the Optionee’s Employment due to Retirement; or (ii) a Change in Control of the CorporationControl, provided that as of such Change in Control the Optionee Grantee had been in continuous Employment since the Grant Date.

Exercise and Vesting Schedule. (a) This Option shall become exercisable in three cumulative annual installments, as follows: (i) one-third of the Option Shares shall become exercisable on the first anniversary of the Grant Date; (ii) an additional one-third of the Option Shares shall become exercisable on the second anniversary of the Grant Date; and (iii) the remaining one-third of the Option Shares shall become exercisable on the third anniversary of the Grant Date; provided, however, that the Optionee must be in continuous Employment from the Grant Date through the date of exercisability of each installment in order for the Option to become exercisable with respect to additional shares of Common Stock on such date. If the Employment of the Optionee is terminated for any reason other than death or Retirement, any Option Shares that are not exercisable as of the date of such termination of Employment shall be forfeited to the Corporation. (b) This Option shall become fully exercisable, irrespective of the limitations set forth in subparagraph subsection (a) above, upon: (i) termination of the Optionee’s 's Employment due to death; (ii) termination of the Optionee’s 's Employment due to Retirement; or (ii) a Change in Control of the Corporation, provided that as of such Change in Control the Optionee had been in continuous Employment since the Grant Date.

Exercise and Vesting Schedule. (a) This Option Award shall become exercisable in three cumulative annual installments, as follows: (i) one-third [####] of the Option Award Shares shall become exercisable on the first anniversary of the Grant DateMay 26, 2005; (ii) an additional one-third [####] of the Option Award Shares shall become exercisable on the second anniversary of the Grant DateMay 26, 2006; and (iii) the remaining one-third of the Option [####] Award Shares shall become exercisable on the third anniversary of the Grant DateMay 26, 2007; provided, however, that the Optionee Grantee must be in continuous Employment from the Grant Date through the date of exercisability of each installment in order for the Option Award to become exercisable with respect to additional shares of Common Stock on such date. If the Employment of the Optionee Grantee is terminated for any reason other than death or Retirement, any Option Award Shares that are not exercisable as of the date of such termination of Employment shall be forfeited to the Corporation. (b) If the Employment of the Grantee is terminated due to Retirement, the Award shall continue to become exercisable in accordance with the schedule set forth in subparagraph (a) above, irrespective of the Grantee’s Retirement or subsequent death. (c) This Option Award shall become fully exercisable, irrespective of the limitations set forth in subparagraph (a) above, upon: (i) termination of the OptioneeGrantee’s Employment due to death; (ii) termination of the Optionee’s Employment due to Retirement; or (ii) a Change in Control of the CorporationControl, provided that as of such Change in Control the Optionee Grantee had been in continuous Employment since the Grant Date.

Exercise and Vesting Schedule. (a) This Option shall become exercisable in three cumulative annual installments, as follows: (i) one-third of the Option Shares shall become exercisable on the first anniversary of the Grant Date; (ii) an additional one-third of the Option Shares shall become exercisable on the second anniversary of the Grant Date; and (iii) the remaining one-third of the Option Shares shall become exercisable on the third anniversary of the Grant Date; provided, however, that the Optionee must be in continuous Employment from the Grant Date through the date of exercisability of each installment in order for the Option to become exercisable with respect to additional shares of Common Stock on such date. If the Employment of the Optionee is terminated for any reason other than death or Retirementdeath, any Option Shares that are not exercisable as of the date of such termination of Employment shall be forfeited to the Corporation. (b) This Option shall become fully exercisable, irrespective of the limitations set forth in subparagraph subsection (a) above, upon: (i) termination of the Optionee’s 's Employment due to death; (ii) termination of the Optionee’s Employment due to Retirement; or (ii) a Change in Control of the Corporation, provided that as of such Change in Control the Optionee had been in continuous Employment since the Grant Date.

Exercise and Vesting Schedule. (a) This Option shall become exercisable in three cumulative annual installments, as follows: (i) one-third of the Option Shares shall become exercisable on the first anniversary of the Grant Date; (ii) an additional one-third of the Option Shares shall become exercisable on the second anniversary of the Grant Date; and (iii) the remaining one-third of the Option Shares shall become exercisable on the third anniversary of the Grant Date; provided, however, that the Optionee must be in continuous Employment from the Grant Date through the date of exercisability of each installment in order for the Option to become exercisable with respect to additional shares of Common Stock on such date. If the Employment of the Optionee is terminated for any reason other than death or Retirement, any Option Shares that are not exercisable as of the date of such termination of Employment shall be forfeited to the Corporation. (b) This Option shall become fully exercisable, irrespective of the limitations set forth in subparagraph subsection (a) above, upon: (i) termination of the Optionee’s Employment due to death; (ii) termination of the Optionee’s Employment due to Retirement; or; (iiiii) a Change in Control of the Corporation, provided that as of such Change in Control the Optionee had been in continuous Employment since the Grant Date; or (iv) the Optionee’s termination of his Employment for Good Reason or the Corporation’s independent and unilateral termination of the Optionee’s Employment without Cause (other than due to the Optionee’s implicit or explicit request) where the Optionee was willing and able to continue his Employment.

Exercise and Vesting Schedule. (a) This Option shall become exercisable in three cumulative annual installments, as follows: (i) one-third of the Option Shares shall become exercisable on the first anniversary of the Grant Date; (ii) an additional one-third of the Option Shares shall become exercisable on the second anniversary of the Grant Date; and (iii) the remaining one-third of the Option Shares shall become exercisable on the third anniversary of the Grant Date; provided, however, that the Optionee must be in continuous Employment from the Grant Date through the date of exercisability of each installment in order for the Option to become exercisable with respect to additional shares of Common Stock on such date. If the Employment of the Optionee is terminated for any reason other than death or Retirement, any Option Shares that are not exercisable as of the date of such termination of Employment shall be forfeited to the Corporation. (b) This Option shall become fully exercisable, irrespective of the limitations set forth in subparagraph (a) above, upon: (i) termination of the Optionee’s Employment due to death; (ii) termination of the Optionee’s Employment due to Retirement; or (iiiii) a Change in Control of the Corporation, provided that as of such Change in Control the Optionee had been in continuous Employment since the Grant Date.

Exercise and Vesting Schedule. (a) This Option shall become exercisable in three cumulative annual installments, as follows: (i) one-third of the Option Shares shall become exercisable on the first anniversary of the Grant DateMay 25, 2006; (ii) an additional one-third of the Option Shares shall become exercisable on the second anniversary of the Grant DateMay 25, 2007; and (iii) the remaining one-third of the Option Shares shall become exercisable on the third anniversary of the Grant DateMay 25, 2008; provided, however, that the Optionee must be in continuous Employment from the Grant Date through the date of exercisability of each installment in order for the Option to become exercisable with respect to additional shares of Common Stock on such date. If the Employment of the Optionee is terminated for any reason other than death or Retirement, any Option Shares that are not exercisable as of the date of such termination of Employment shall be forfeited to the Corporation. (b) This Option shall become fully exercisable, irrespective of the limitations set forth in subparagraph (a) above, upon: (i) termination of the Optionee’s Employment due to death; (ii) termination of the Optionee’s Employment due to Retirement; or (ii) a Change in Control of the Corporation, provided that as of such Change in Control the Optionee had been in continuous Employment since the Grant Date.

Exercise and Vesting Schedule. (a) This Option shall become exercisable in three cumulative annual installments, as follows: (i) one-third [number] of the Option Shares shall become exercisable on the first anniversary of the Grant DateMay 28, 2004; (ii) an additional one-third [number] of the Option Shares shall become exercisable on the second anniversary of the Grant DateMay 28, 2005; and (iii) the remaining one-third of the [number] Option Shares shall become exercisable on the third anniversary of the Grant DateMay 28, 2006; provided, however, that the Optionee must be in continuous Employment from the Grant Date through the date of exercisability of each installment in order for the Option to become exercisable with respect to additional shares of Common Stock on such date. If the Employment of the Optionee is terminated for any reason other than death or Retirement, any Option Shares that are not exercisable as of the date of such termination of Employment shall be forfeited to the Corporation. (b) If the Employment of the Optionee is terminated due to Retirement, the Option shall continue to become exercisable in accordance with the schedule set forth in subparagraph (a) above, irrespective of the Optionee’s Retirement or subsequent death. (c) This Option shall become fully exercisable, irrespective of the limitations set forth in subparagraph (a) above, upon: (i) termination of the Optionee’s Employment due to death; (ii) termination of the Optionee’s Employment due to Retirement; or (ii) a Change in Control of the Corporation, provided that as of such Change in Control the Optionee had been in continuous Employment since the Grant Date.

Exercise and Vesting Schedule. (a) This Option Award shall become exercisable in three cumulative annual installments, as follows: (i) one-third [####] of the Option Award Shares shall become exercisable on the first anniversary of the Grant Date[DATE]; (ii) an additional one-third [####] of the Option Award Shares shall become exercisable on the second anniversary of the Grant Date[DATE]; and (iii) the remaining one-third of the Option [####] Award Shares shall become exercisable on the third anniversary of the Grant Date[DATE]; provided, however, that the Optionee Grantee must be in continuous Employment from the Grant Date through the date of exercisability of each installment in order for the Option Award to become exercisable with respect to additional shares of Common Stock on such date. If the Employment of the Optionee Grantee is terminated for any reason other than death or Retirement, any Option Award Shares that are not exercisable as of the date of such termination of Employment shall be forfeited to the Corporation. (b) If the Employment of the Grantee is terminated due to Retirement, the Award shall continue to become exercisable in accordance with the schedule set forth in subparagraph (a) above, irrespective of the Grantee’s Retirement or subsequent death. (c) This Option Award shall become fully exercisable, irrespective of the limitations set forth in subparagraph (a) above, upon: (i) termination of the OptioneeGrantee’s Employment due to death; (ii) termination of the Optionee’s Employment due to Retirement; or (ii) a Change in Control of the Corporation, provided that as of such Change in Control the Optionee Grantee had been in continuous Employment since the Grant Date.

Exercise and Vesting Schedule. (a) This Option shall become exercisable in three cumulative annual installments, as follows: (i) one-third of the Option Shares shall become exercisable on the first anniversary of the Grant Date; (ii) an additional one-third of the Option Shares shall become exercisable on the second anniversary of the Grant Date; and (iii) the remaining one-third of the Option Shares shall become exercisable on the third anniversary of the Grant Date; provided, however, that the Optionee must be in continuous Employment from the Grant Date through the date of exercisability of each installment in order for the Option to become exercisable with respect to additional shares of Common Stock on such date. If the Employment of the Optionee is terminated for any reason other than death or Retirementdeath, any Option Shares that are not exercisable as of the date of such termination of Employment shall be forfeited to the Corporation. (b) This Option shall become fully exercisable, irrespective of the limitations set forth in subparagraph subsection (a) above, upon: (i) termination of the Optionee’s Employment due to death; (ii) termination of the Optionee’s Employment due to Retirement; or (ii) a Change in Control of the Corporation, provided that as of such Change in Control the Optionee had been in continuous Employment since the Grant Date.

Exercise and Vesting Schedule. (a) This Option Award shall become exercisable in three cumulative annual installments, as follows: (i) one-third [####] of the Option Award Shares shall become exercisable on the first anniversary of the Grant DateMay 26, 2005; (ii) an additional one-third [####] of the Option Award Shares shall become exercisable on the second anniversary of the Grant DateMay 26, 2006; and (iii) the remaining one-third of the Option [####] Award Shares shall become exercisable on the third anniversary of the Grant DateMay 26, 2007; provided, however, that the Optionee Grantee must be in continuous Employment from the Grant Date through the date of exercisability of each installment in order for the Option Award to become exercisable with respect to additional shares of Common Stock on such date. If the Employment of the Optionee Grantee is terminated for any reason other than death or Retirement, any Option Award Shares that are not exercisable as of the date of such termination of Employment shall be forfeited to the Corporation. (b) If the Employment of the Grantee is terminated due to Retirement, the Award shall continue to become exercisable in accordance with the schedule set forth in subparagraph (a) above, irrespective of the Grantee’s Retirement or subsequent death. (c) This Option Award shall become fully exercisable, irrespective of the limitations set forth in subparagraph (a) above, upon: (i) termination of the OptioneeGrantee’s Employment due to death; (ii) termination of the Optionee’s Employment due to Retirement; or (ii) a Change in Control of the Corporation, provided that as of such Change in Control the Optionee Grantee had been in continuous Employment since the Grant Date.

Exercise and Vesting Schedule. (a) This Option shall become exercisable in three cumulative annual installments, as follows: (i) one-third of the Option Shares shall become exercisable on the first anniversary of the Grant Date; (ii) an additional one-third of the Option Shares shall become exercisable on the second anniversary of the Grant Date; and (iii) the remaining one-third of the Option Shares shall become exercisable on the third anniversary of the Grant Date; provided, however, that the Optionee must be in continuous Employment from the Grant Date through the date of exercisability of each installment in order for the Option to become exercisable with respect to additional shares of Common Stock on such date. If the Employment of the Optionee is terminated for any reason other than death or Retirementdeath, any Option Shares that are not exercisable as of the date of such termination of Employment shall be forfeited to the Corporationexpire as of such date. (b) This Option shall become fully exercisable, irrespective of the limitations set forth in subparagraph subsection (a) above, upon:: SOPCA12 (May 2012) 1 (i) termination of the Optionee’s 's Employment due to death; (ii) termination of the Optionee’s Employment due to Retirement; or (ii) a Change in Control of the Corporation, provided that as of such Change in Control the Optionee had been in continuous Employment since the Grant Date.