Common use of Exercise Extension Clause in Contracts

Exercise Extension. In addition to the acceleration described above in Section 5(a), following a Termination Event during the Change in Control Period, the Executive will be permitted to exercise any Emulex Option for a period of twelve (12) months following the Termination Date, but in no event later than ten (10) years following the date of grant.

Exercise Extension. In addition to the acceleration described above in Section 5(a), following a Termination Event during the Change in Control Period, the Executive will be permitted to exercise any Emulex Option for a period of twelve (12) months following the his Termination Date, but in no event later than ten (10) years following the date of grantprovided that such Emulex Option has not by such time expired according to its terms.