Expiration Dates. Each Option shall terminate no later than the first to occur of the following events: (a) The expiration of ten (10) years from the Grant Date; or (b) The expiration of three (3) months from the date of the Participant’s Termination of Service for a reason other than the Participant’s death, Disability or Retirement; or (c) The expiration of one (1) year from the date of the Participant’s Termination of Service by reason of Disability; or (d) The expiration of three (3) years from the date of the Participant’s Retirement (subject to Section 5.8.2 regarding Incentive Stock Options); or (e) The date of the Participant’s Termination of Service by the Company for cause (as determined by the Company); or (f) The date for termination of the Option determined by the Committee in its sole discretion and set forth in the written Award Agreement.
Appears in 4 contracts
Samples: Omnibus Stock Plan (Varian Semiconductor Equipment Associates Inc), Omnibus Stock Plan (Varian Semiconductor Equipment Associates Inc), Omnibus Stock Plan (Varian Medical Systems Inc)
