Common use of Expiration of Option Clause in Contracts

Expiration of Option. Except as otherwise provided in Section 5 or 6 of the Management Stockholder’s Agreement, the Optionee may not exercise the Option to any extent after the first to occur of the following events: (a) The tenth anniversary of the Grant Date so long as the Optionee remains employed with the Company or any Service Recipient through such date; (b) The first anniversary of the date of the Optionee’s termination of employment with the Company and all Service Recipients, if the Optionee’s employment is terminated by reason of death or Disability (unless earlier terminated as provided in Section 3.2(h) below); (c) Immediately upon the date of the Optionee’s termination of employment by the Company and all Service Recipients for Cause; (d) Immediately upon the date of the Optionee’s termination of employment by the Company and all Service Recipients by the Optionee without Good Reason (except due to death or Disability); (e) Ninety (90) days after the date of an Optionee’s termination of employment by the Company and all Service Recipients without Cause (for any reason other than as set forth in Section 3.2(b)); (f) Ninety (90) days after the date of an Optionee’s termination of employment with the Company and all Service Recipients by the Optionee for Good Reason; (g) The date the Option is terminated pursuant to Section 6 or 7 of the Management Stockholder’s Agreement; or (h) At the discretion of the Company, if the Committee so determines pursuant to Section 9 of the Plan.

Expiration of Option. Except as otherwise provided in Section 5 or Section 6 of the Management Stockholder’s Agreement, the Optionee may not exercise any vested portion of the Option to any extent after the first to occur of the following events: (a) The tenth anniversary of the Grant Date so long as the Optionee remains employed with the Company or any Service Recipient through such dateDate; (b) The first anniversary of the date of the termination of the Optionee’s termination of employment with the Company and all Service Recipients, if the Optionee’s employment is terminated by reason of death or Disability (unless earlier terminated as provided in Section 3.2(h) below)Disability; (c) Immediately upon the date of the termination of the Optionee’s termination of employment by the Company and all Service Recipients for Cause; (d) Immediately upon Thirty (30) days after the date of the termination of the Optionee’s termination of employment by the Company and all Service Recipients by the Optionee without Good Reason (except due to death or Disability); (e) Ninety One-hundred eighty (90180) days after the date of an Optionee’s termination of employment by the Company and all Service Recipients without Cause (for any reason other than as set forth in Section 3.2(b)except due to death or Disability); (f) Ninety One-hundred eighty (90180) days after the date of an Optionee’s termination of employment with the Company and all Service Recipients by the Optionee for Good Reason; (g) The date the Option is terminated pursuant to a Change in Control or Section 6 4 or 7 5 of the Management Stockholder’s Agreement; or (h) At the discretion Notwithstanding any of the Companyforegoing, immediately or on such date established, if the Committee so determines pursuant to Section 9 of the Plan.

Expiration of Option. Except as otherwise provided in Section 5 6 or 6 7 of the Management Stockholder’s Agreement, the Optionee may not exercise the Option to any extent after the first to occur of the following events: (a) The tenth anniversary of the Grant Date so long as the Optionee remains employed with the Company or any Service Recipient through such date; (b) The first third anniversary of the date of the Optionee’s termination of employment with the Company and all Service Recipients, if the Optionee’s employment is terminated by reason of death or Permanent Disability (unless earlier terminated as provided in Section 3.2(h) 3.20 below); (c) Immediately upon the date of the Optionee’s termination of employment by the Company and all Service Recipients for Cause; (d) Immediately upon the date of the Optionee’s termination of employment by the Company One hundred and all Service Recipients by the Optionee without Good Reason eighty (except due to death or Disability); (e) Ninety (90180) days after the date of an Optionee’s termination of employment by the Company and all Service Recipients without Cause (for any reason other than as set forth in Section 3.2(b)); (fe) Ninety One hundred and eighty (90180) days after the date of an Optionee’s termination of employment with the Company and all Service Recipients by the Optionee for Good Reason; (f) One hundred and eighty (180) days after the date of an Optionee’s termination of employment with the Company and all Service Recipients by the Optionee upon Retirement. (g) Thirty (30) days after the date of an Optionee’s termination of employment with the Company and all Service Recipients by the Optionee without Good Reason (except due to Retirement, death or Permanent Disability); (h) The date the Option is terminated pursuant to Section 6 or 7 of the Management Stockholder’s Agreement; or (hi) At the discretion of the Company, if the Committee so determines pursuant to Section 9 of the Plan.

Expiration of Option. Except as otherwise provided in Section 5 or 6 of the Management Stockholder’s Agreement, the The Optionee may not exercise the Option to any extent after the first to occur of the following events: (a) The tenth anniversary of the Grant Date so long as Date; ​ (b) The fifth anniversary of the Optionee remains employed date of the Optionee’s termination of employment with the Company or any Service Recipient through such dateand all Subsidiaries by reason of Retirement; (bc) The first anniversary of the date of the Optionee’s termination of employment with the Company and all Service Recipients, if the Optionee’s employment is terminated Subsidiaries by reason of death or due to a Disability Termination; ​ (unless earlier terminated as provided in Section 3.2(hd) below)The third anniversary of the date of the Optionee’s Qualifying Termination; (ce) Ninety (90) days after the date of the Optionee’s involuntary termination of employment by the Company and all Subsidiaries without Cause that is not a Disability Termination or a Qualifying Termination; (f) Ninety (90) days after the date of the Optionee’s voluntary termination of employment with the Company and all Subsidiaries by the Optionee that is not a Qualifying Termination or Retirement; (g) Immediately upon the date of the Optionee’s termination of employment by the Company and all Service Recipients for Subsidiaries with Cause; (d) Immediately upon the date of the Optionee’s termination of employment by the Company and all Service Recipients by the Optionee without Good Reason (except due to death ; or Disability); (e) Ninety (90) days after the date of an Optionee’s termination of employment by the Company and all Service Recipients without Cause (for any reason other than as set forth in Section 3.2(b)); (f) Ninety (90) days after the date of an Optionee’s termination of employment with the Company and all Service Recipients by the Optionee for Good Reason; (g) The date the Option is terminated pursuant to Section 6 or 7 of the Management Stockholder’s Agreement; or​ (h) At the discretion of the Company, if the Committee so determines pursuant to Section 9 of the Plan.. ​

Expiration of Option. Except as otherwise provided in Section 5 or 6 of the Management Stockholder’s Agreement, the Optionee may not exercise the Option to any extent after the first to occur of the following events: (a) The tenth anniversary of the Grant Date so long as the Optionee remains employed with the Company or any Service Recipient through such date; (b) The first anniversary of the date of of7 the Optionee’s termination of employment with the Company and all Service Recipients, if the Optionee’s employment is terminated by reason of death or Disability (unless earlier terminated as provided in Section 3.2(h) below); (c) Immediately upon the date of the Optionee’s termination of employment by the Company and all Service Recipients for Cause; (d) Immediately upon the date of the Optionee’s termination of employment by the Company and all Service Recipients by the Optionee without Good Reason (except due to death or Disability); (e) Ninety (90) days after the date of an Optionee’s termination of employment by the Company and all Service Recipients without Cause (for any reason other than as set forth in Section 3.2(b)); (f) Ninety (90) days after the date of an Optionee’s termination of employment with the Company and all Service Recipients by the Optionee for Good Reason; (g) The date the Option is terminated pursuant to Section 6 or 7 of the Management Stockholder’s Agreement; or (h) At the discretion of the Company, if the Committee so determines pursuant to Section 9 of the Plan.

Expiration of Option. Except as otherwise provided in Section 5 or 6 of the Management Stockholder’s Agreement, the Optionee may not exercise the Option Options to any extent after the first to occur of the following events: (a) The tenth anniversary of the Grant Closing Date so long as the Optionee remains employed with the Company or any Service Recipient through such date; (b) The first anniversary of the date of the Optionee’s termination of employment with the Company and all Service Recipients, if the Optionee’s employment is terminated by reason of death or Disability (unless earlier terminated as provided in Section 3.2(h) below); (c) Immediately upon the date of the Optionee’s termination of employment by the Company and all Service Recipients for Cause; (d) Immediately upon the date of the Optionee’s termination of employment by the Company and all Service Recipients by the Optionee without Good Reason (except due to death or Disability); (e) Ninety One hundred and eighty (90180) days after the date of an Optionee’s termination of employment by the Company and all Service Recipients without Cause (for any reason other than as set forth in Section 3.2(b)); (f) Ninety One hundred and eighty (90180) days after the date of an Optionee’s termination of employment with the Company and all Service Recipients by the Optionee for Good Reason; (g) The date the Option is Options are terminated pursuant to Section 5 or 6 or 7 of the Management Stockholder’s Agreement; or (h) At the discretion of the Company, if the Committee so determines pursuant to Section 9 of the Plan. Notwithstanding the foregoing, the time periods set forth in this Section 3.2 shall not begin to run with respect to Performance Options that vest in accordance with Section 3.1(a)(ii) or Section 3.1(c)(ii) above until the time at which the Board certifies the financial statements for the Company for the Fiscal Year immediately preceding the Fiscal Year in which, or for the Fiscal Year in which, termination of employment occurs.

Expiration of Option. Except as otherwise provided in Section 5 or 6 of the Management Stockholder’s Agreement, the Optionee may not exercise the Option to any extent after the first to occur of the following events: (a) The tenth anniversary of the Grant Closing Date so long as the Optionee remains employed with the Company or any Service Recipient through such date; (b) The first anniversary of the date of the Optionee’s termination of employment with the Company and all Service Recipients, if the Optionee’s employment is terminated by reason of death or Disability (unless earlier terminated as provided in Section 3.2(h) below); (c) Immediately upon the date of the Optionee’s termination of employment by the Company and all Service Recipients for Cause; (d) Immediately upon the date of the Optionee’s termination of employment by the Company and all Service Recipients by the Optionee without Good Reason (except due to death or Disability); (e) Ninety One hundred and eighty (90180) days after the date of an Optionee’s termination of employment by the Company and all Service Recipients without Cause (for any reason other than as set forth in Section 3.2(b)); (f) Ninety One hundred and eighty (90180) days after the date of an Optionee’s termination of employment with the Company and all Service Recipients by the Optionee for Good Reason; (g) The date the Option is terminated pursuant to Section 6 or 7 of the Management Stockholder’s Agreement; or (h) At the discretion of the Company, if the Committee so determines pursuant to Section 9 of the Plan.

Expiration of Option. Except as otherwise provided in Section 4 or Section 5 or 6 of the Management Stockholder’s Agreement, the Optionee may not exercise any vested and exercisable portion of the Time Option or of the Performance Option to any extent after the first to occur of the following events: (a) The tenth anniversary of the Grant Date so long as the Optionee remains employed with the Company or any Service Recipient through such dateDate; (b) The first anniversary of the date of the termination of the Optionee’s termination of employment with the Company and all Service Recipients, if the Optionee’s employment is terminated by reason of death or Disability (unless earlier terminated as provided in Section 3.2(h) below)Disability; (c) Immediately upon the date of the termination of the Optionee’s termination of employment by the Company and all Service Recipients for Cause; (d) Immediately upon Thirty (30) days after the date of the termination by the Optionee of the Optionee’s termination of employment by the Company and all Service Recipients by the Optionee without Good Reason (except due to the Optionee’s death or Disability); (e) Ninety One-hundred eighty (90180) days after the date of an Optionee’s termination of employment by the Company and all Service Recipients without Cause (for any reason other than as set forth in Section 3.2(b)); (fexcept due to death or Disability) Ninety (90) days after the date of an Optionee’s termination of employment with the Company and all Service Recipients or by the Optionee for Good Reason; (gf) The date the Option is terminated pursuant to Section 6 4 or 7 5 of the Management Stockholder’s Agreement; or (hg) At the discretion Notwithstanding any of the Companyforegoing, if the Committee so determines pursuant to Section 9 of the Plan.

Expiration of Option. Except as otherwise provided in Section 4 or Section 5 or 6 of the Management Stockholder’s Agreement, the Optionee may not exercise any vested and exercisable portion of the Time Option or of the Performance Option to any extent after the first to occur of the following events: (a) The tenth anniversary of the Grant Date so long as the Optionee remains employed with the Company or any Service Recipient through such dateDate; (b) The first anniversary of the date of the termination of the Optionee’s termination of employment or service with the Company and all Service Recipients, if the Optionee’s employment or service is terminated by reason of death or Disability (unless earlier terminated as provided in Section 3.2(h) below)Disability; (c) Immediately upon the date of the termination of the Optionee’s termination of employment or service by the Company and all Service Recipients for Cause; (d) Immediately upon Thirty (30) days after the date of the termination by the Optionee of the Optionee’s termination of employment by or service relationship with the Company and all Service Recipients by the Optionee without Good Reason (except due to the Optionee’s death or Disability); (e) Ninety One-hundred eighty (90180) days after the date of an Optionee’s termination of employment by or service relationship with the Company and all Service Recipients without Cause (for any reason other than as set forth in Section 3.2(b)); (fexcept due to death or Disability) Ninety (90) days after the date of an Optionee’s termination of employment with the Company and all Service Recipients or by the Optionee for Good Reason; (gf) The date the Option is terminated pursuant to Section 6 4 or 7 5 of the Management Stockholder’s Agreement; or (hg) At the discretion Notwithstanding any of the Companyforegoing, if the Committee so determines pursuant to Section 9 of the Plan.

Expiration of Option. Except as otherwise provided in Section 5 or 6 of the Management Stockholder’s Agreement, the Optionee may not exercise any vested portion of the Option to any extent after the first to occur of the following events: (a) The tenth anniversary of the Grant Date so long as the Optionee remains employed with the Company or any Service Recipient through such date; (b) The first anniversary of the date of the Optionee’s termination of employment with the Company and all Service Recipients, if the Optionee’s employment is terminated by reason of death or Permanent Disability (unless earlier terminated as provided in Section 3.2(hclause (e) below); (c) Immediately upon the date of the Optionee’s termination of employment by the Company and all Service Recipients for Cause; (d) Immediately upon the date of the Optionee’s termination of employment by the Company and all Service Recipients Cause or by the Optionee without Good Reason (except due to death or Permanent Disability); (ed) Ninety (90) days after the date of an Optionee’s termination of employment by the Company and all Service Recipients without Cause (for any reason other than as set forth in Section 3.2(b)); clause (fb) Ninety (90above) days after the date of an Optionee’s termination of employment with the Company and all Service Recipients or by the Optionee for Good Reason;; or (ge) The date the Option is terminated pursuant to Section 5 or 6 or 7 of the Management Stockholder’s Agreement; or (hf) At the discretion of the Company, if the Committee so determines pursuant to Section 9 of the Plan.

Expiration of Option. Except as otherwise provided in Section 5 or 6 of the Management Stockholder’s Agreement, the The Optionee may not exercise the Option to any extent after the first to occur of the following events: (a) The tenth anniversary of the Grant Date so long as the Optionee remains employed with the Company or any Service Recipient through such date; (b) The first third anniversary of the date of the Optionee’s termination of employment with the Company and all Service Recipients, if the Optionee’s employment is terminated by reason of death or Disability (unless earlier terminated as provided in Section 3.2(h) below)Permanent Disability; (c) Immediately upon the date of the Optionee’s termination of employment by the Company and all Service Recipients for Cause; (d) Immediately upon the date of the Optionee’s termination of employment by the Company One hundred and all Service Recipients by the Optionee without Good Reason eighty (except due to death or Disability); (e) Ninety (90180) days after the date of an Optionee’s termination of employment by the Company and all Service Recipients without Cause (for any reason other than as set forth in Section 3.2(b)); (fe) Ninety One hundred and eighty (90180) days after the date of an Optionee’s termination of employment with the Company and all Service Recipients by the Optionee for Good Reason; (f) One hundred and eighty (180) days after the date of an Optionee’s termination of employment with the Company and all Service Recipients by the Optionee upon Retirement. (g) The Thirty (30) days after the date of an Optionee’s termination of employment with the Option is terminated pursuant Company and all Service Recipients by the Optionee without Good Reason (except due to Section 6 Retirement, death or 7 of the Management Stockholder’s AgreementPermanent Disability); or (h) At the discretion of the Company, if the Committee so determines pursuant to Section 9 of the Plan.