Common use of Exercise Upon Cessation of Employment Clause in Contracts

Exercise Upon Cessation of Employment. (a) If the Employee at any time ceases to be an employee of the Corporation or of any Affiliate (i) by reason of his discharge for Cause or (ii) due to his voluntary termination of employment without the written consent of the Committee, the Option shall, at the time of such termination of employment, terminate and the Employee shall forfeit all rights hereunder. If, however, the Employee for any other reason (other than Disability or death) ceases to be such an Employee, the Option may, subject to the provisions of Section 5 hereof, be exercised by the Employee to the same extent the Employee would have been entitled under Section 3 hereof to exercise the Option immediately prior to such cessation of employment, at any time within [________days/months - NO LATER THAN 3 MONTHS] after such cessation of employment, at the end of which period the Option, to the extent not then exercised, shall terminate and the Employee shall forfeit all rights hereunder, even if the Employee subsequently returns to the employ of the Corporation or any Affiliate. In no event, however, may the Option be exercised after the expiration of the term provided in Section 4 hereof.

Exercise Upon Cessation of Employment. (a) If the Employee at any time ceases to be an employee of the Corporation or of any Affiliate (i) by reason of his discharge for Cause or (ii) due to his voluntary termination of employment without the written consent of the Committee, the Option SAR shall, at the time of such termination of employment, terminate and the Employee shall forfeit all rights hereunder. If, however, the Employee for any other reason (other than Disability or death) ceases to be such an Employee, the Option SAR may, subject to the provisions of Section 5 hereof, be exercised by the Employee to the same extent the Employee would have been entitled under Section 3 hereof to exercise the Option SAR immediately prior to such cessation of employment, at any time within [________days/months - NO LATER THAN 3 MONTHSmonths] after such cessation of employment, at the end of which period the OptionSAR, to the extent not then exercised, shall terminate and the Employee shall forfeit all rights hereunder, even if the Employee subsequently returns to the employ of the Corporation or any Affiliate. In no event, however, may the Option SAR be exercised after the expiration of the term provided in Section 4 hereof.

Exercise Upon Cessation of Employment. (a) If the Employee at any time ceases to be an employee of the Corporation or Company and of any Affiliate Parent or Subsidiary (i) by reason of his discharge for Good Cause or (ii) due to his voluntary termination of employment without the written consent of the Committee, the Option shall, at the time of such termination of employment, terminate and the Employee shall forfeit all rights hereunder. If, however, the Employee for any other reason (other than Disability or death) ceases to be such an Employee, the Option may, subject to the provisions of Section 5 hereof, be exercised by the Employee to the same extent the Employee would have been entitled under Section 3 hereof to exercise the Option immediately prior to such cessation of employment, at any time within [________days/months - NO LATER THAN 3 MONTHS] 30 days after such cessation of employment, at the end of which period the Option, to the extent not then exercised, shall terminate and the Employee shall forfeit all rights hereunder, even if the Employee subsequently returns to the employ of the Corporation Company or any AffiliateParent or Subsidiary. In no event, however, may the Option be exercised after the expiration of the term provided in Section 4 hereof.

Exercise Upon Cessation of Employment. (a) If the Employee at any time ceases to be an employee of the Corporation Company or of any Affiliate Parent or Subsidiary (i) by reason of his discharge for Good Cause or (ii) due to his voluntary termination of employment without the written consent of the Committee, the Option shall, at the time of such termination of employment, terminate and the Employee shall forfeit all rights hereunder. If, however, the Employee for any other reason (other than Disability or death) ceases to be such an Employeeemployee, the Option may, subject to the provisions of Section 5 hereof, be exercised by the Employee to the same extent the Employee would have been entitled under Section 3 hereof to exercise the Option immediately prior to such cessation of employment, at any time within [________days/three (3) months - NO LATER THAN 3 MONTHS] after such cessation of employment, at the end of which period the Option, Option to the extent not then exercised, shall terminate and the Employee shall forfeit all rights hereunder, even if the Employee subsequently returns to the employ of the Corporation Company or any AffiliateParent or Subsidiary. In no event, however, may the Option be exercised after the expiration of the term provided in Section 4 hereof.

Exercise Upon Cessation of Employment. (a) If the Employee at any time ceases to be an employee of the Corporation or of any Affiliate (i) by reason of his discharge for Cause or (ii) due to his voluntary termination of employment without the written consent of the Committee, the Option shall, at the time of such termination of employment, terminate and the Employee shall forfeit all rights hereunder. If, however, the Employee for any other reason (other than Disability or death) ceases to be such an Employee, the Option may, subject to the provisions of Section 5 hereof, be exercised by the Employee to the same extent the Employee would have been entitled under Section 3 hereof to exercise the Option immediately prior to such cessation of employment, at any time within [________days/three months - NO LATER THAN 3 MONTHS] after such cessation of employment, at the end of which period the Option, to the extent not then exercised, shall terminate and the Employee shall forfeit all rights hereunder, even if the Employee subsequently returns to the employ of the Corporation or any Affiliate. In no event, however, may the Option be exercised after the expiration of the term provided in Section 4 hereof.