Common use of Exercise in the Event of Permanent and Total Disability Clause in Contracts

Exercise in the Event of Permanent and Total Disability. Subject to the six month exercisability requirement set forth in Section 2(b) hereof, this Option shall remain exercisable with respect to any shares yet unexercised if the Optionee becomes permanently and totally disabled (within the meaning of the Company's Long-Term Disability Plan) while serving on the Board prior to exercising this Option in full and prior to the Expiration Date of this Option. In such event, the Optionee must exercise this Option with respect to the remaining shares subject to the Option, if at all, within two years of the date on which he ceases serving on the Board due to permanent and total disability or during the remainder of the period preceding the Expiration Date, whichever is shorter.

Exercise in the Event of Permanent and Total Disability. Subject to ------------------------------------------------------- the six month exercisability requirement set forth in Section 2(b) hereof, this Option option shall remain exercisable with respect to any shares yet unexercised if the Optionee becomes permanently and totally disabled (within the meaning of Section 105(d)(4) of the Company's Long-Term Disability PlanCode) while serving on the Board prior to exercising this Option option in full and prior to the Expiration Date of this Optionoption. In such event, the Optionee must exercise this Option option with respect to the remaining shares subject to the Optionthis option, if at all, within two years of the date on which he ceases serving on the Board due to permanent and total disability or during the remainder of the period preceding the Expiration Date, whichever is shorter.

Exercise in the Event of Permanent and Total Disability. Subject ------------------------------------------------------- to the six month exercisability requirement set forth in Section 2(b) hereof, this Option option shall remain exercisable with respect to any shares yet unexercised if the Optionee becomes permanently and totally disabled (within the meaning of Section 22(e)(3) of the Company's Long-Term Disability PlanCode) while serving on the Board prior to exercising this Option option in full and prior to the Expiration Date of this Optionoption. In such event, the Optionee must exercise this Option option with respect to the remaining shares subject to the Optionoption, if at all, within two years of the date on which he ceases serving on the Board due to permanent and total disability or during the remainder of the period preceding the Expiration Date, whichever is shorter.