Common use of EXPIRATION AND TERMINATION OF THE OPTION Clause in Contracts

EXPIRATION AND TERMINATION OF THE OPTION. The Option shall expire at 5:00 p.m. Houston, Texas time on the tenth annual anniversary of the Grant Date or prior to such time as follows (the period from the Grant Date to the date of the expiration of the Option is defined as the "Option Period"): a. Upon termination of the employment of the Option Holder for any reason other than death, the Options exercisable as of the date of termination may be exercised by Option Holder within three months after the date of the termination of employment of the Option Holder. If, as of the date of termination of employment, the Option Holder has completed at least five full years of continuous service with the Company, the three month period provided for in the preceding sentence shall be increased to six months. The determination of whether the Option Holder has completed such period of service shall be made by the Committee. b. Upon termination of the employment of the Option Holder by reason of the death of the Option Holder, all the shares under the Option without regard to whether exercisable as of the date of the Option Holder's death, may be exercised by the personal representative of the deceased Option Holder, within 12 months of the date of the Option Holder's death.

EXPIRATION AND TERMINATION OF THE OPTION. The This SNO Option shall expire at 5:00 p.m. Houston, Texas time on the tenth annual anniversary of the Grant Date November 2, 2008 or prior to such time as follows (the period from the Grant Date to the date of the expiration of the SNO Option is defined herein as the "Option Period"): a. (a) Upon termination of the employment of the Option Holder for any reason other than death, the Options Option exercisable as of the date of termination may be exercised by Option Holder within three months after the date of the termination of employment of the Option Holder. If, as of the date of termination of employment, the Option Holder has completed at least five full years of continuous service with the Company, the three month period provided for in the preceding sentence shall be increased to six months. The determination of whether the Option Holder has completed such period of service shall be made by the CommitteeCompany's Board of Directors. b. (b) Upon termination of the employment of the Option Holder by reason of the death of the Option Holder, all the shares under the Option without regard to whether exercisable as of the date of the Option Holder's death, may be exercised by the personal representative of the deceased Option Holder, within 12 months of the date of the Option Holder's death.

EXPIRATION AND TERMINATION OF THE OPTION. The This PSO Option shall expire at 5:00 p.m. Houston, Texas time on the tenth annual anniversary of the Grant Date April 29, 2009 or prior to such time as follows (the period from the Grant Date to the date of the expiration of the PSO Option is defined herein as the "Option Period"): a. (a) Upon termination of the employment of the Option Holder for any reason other than death, the Options Option exercisable as of the date of termination may be exercised by Option Holder within three months after the date of the termination of employment of the Option Holder. If, as of the date of termination of employment, the Option Holder has completed at least five full years of continuous service with the Company, the three month period provided for in the preceding sentence shall be increased to six months. The determination of whether the Option Holder has completed such period of service shall be made by the CommitteeCompany's Board of Directors. b. (b) Upon termination of the employment of the Option Holder by reason of the death of the Option Holder, all the shares under the Option without regard to whether exercisable as of the date of the Option Holder's death, may be exercised by the personal representative of the deceased Option Holder, within 12 months of the date of the Option Holder's death.

EXPIRATION AND TERMINATION OF THE OPTION. The Option shall expire at 5:00 p.m. Houston, Texas time on the tenth annual anniversary of the Grant Date or prior to such time as follows on_________ (the period from the Grant Date date of this Agreement to the expiration date of the expiration of the Option is defined as the "Option Period"):) or prior to such time as follows: a. (a) Upon termination of the employment of the Option Holder for any reason other than death, the Options exercisable as of the date of termination may be exercised by Option Holder within three months after the date of the termination of employment of the Option Holder. If, as of the date of termination of employment, the Option Holder has completed at least five full years of continuous service with the Company, the three month period provided for in the preceding sentence shall be increased to six months. The determination of whether the Option Holder has completed such period of service shall be made by the Committee. b. (b) Upon termination of the employment of the Option Holder by reason of the death of the Option Holder, all the shares under the Option without regard to whether exercisable as of the date of the Option Holder's death, may be exercised by the personal representative of the deceased Option Holder, within 12 months of the date of the Option Holder's death.

EXPIRATION AND TERMINATION OF THE OPTION. The This PVO Option shall expire at 5:00 p.m. Houston, Texas time on the tenth annual anniversary of the Grant Date November 2, 2008 or prior to such time as follows (the period from the Grant Date to the date of the expiration of the PVO Option is defined herein as the "Option Period"): a. (a) Upon termination of the employment of the Option Holder for any reason other than death, the Options Option exercisable as of the date of termination may be exercised by Option Holder within three months after the date of the termination of employment of the Option Holder. If, as of the date of termination of employment, the Option Holder has completed at least five full years of continuous service with the Company, the three month period provided for in the preceding sentence shall be increased to six months. The determination of whether the Option Holder has completed such period of service shall be made by the CommitteeCompany's Board of Directors. b. (b) Upon termination of the employment of the Option Holder by reason of the death of the Option Holder, all the shares under the Option without regard to whether exercisable as of the date of the Option Holder's death, may be exercised by the personal representative of the deceased Option Holder, within 12 months of the date of the Option Holder's death.

EXPIRATION AND TERMINATION OF THE OPTION. The Option shall expire at 5:00 p.m. Houston, Texas time on the tenth annual anniversary of the Grant Date or prior to such time as follows (the period from the Grant Date to the date of the expiration of the Option is defined as the "Option Period"): a. Upon termination of the employment of the Option Holder for any reason other than death, the Options exercisable as of the date of termination may be exercised by Option Holder within three months after the date of the termination of employment of the Option Holder. If, as of the date of termination of employment, the Option Holder has completed at least five full years of continuous service with the Company, the three three-month period provided for in the preceding sentence shall be increased to six months. The determination of whether the Option Holder has completed such period of service shall be made by the Committee. b. Upon termination of the employment of the Option Holder by reason of the death of the Option Holder, all the shares under the Option without regard to whether exercisable as of the date of the Option Holder's death, may be exercised by the personal representative of the deceased Option Holder, within 12 months of the date of the Option Holder's death.

EXPIRATION AND TERMINATION OF THE OPTION. The This PVO Option shall expire at 5:00 p.m. Houston, Texas time on the tenth annual anniversary of the Grant Date November 2, 2008 or prior to such time as follows (the period from the Grant Date to the date of the expiration of the PVO Option is defined herein as the "Option Period"): a. Upon termination of the employment of the Option Holder for any reason other than death, the Options Option exercisable as of the date of termination may be exercised by Option Holder within three months after the date of the termination of employment of the Option Holder. If, as of the date of termination of employment, the Option Holder has completed at least five full years of continuous service with the Company, the three month period provided for in the preceding sentence shall be increased to six months. The determination of whether the Option Holder has completed such period of service shall be made by the CommitteeCompany's Board of Directors. b. Upon termination of the employment of the Option Holder by reason of the death of the Option Holder, all the shares under the Option without regard to whether exercisable as of the date of the Option Holder's death, may be exercised by the personal representative of the deceased Option Holder, within 12 months of the date of the Option Holder's death.