Common use of Expiration of SARs Clause in Contracts

Expiration of SARs. The Grantee may not exercise any SAR granted pursuant to this Award after the first to occur of the following events: (a) The tenth anniversary of the Grant Date so long as the Grantee remains employed with the Company or a Successor through such date; (b) The third anniversary of the date of the Grantee’s termination of employment with the Company or a Successor, if the Grantee’s employment terminates by reason of death or Permanent Disability; (c) Immediately upon the date of the Grantee’s termination of employment by the Company or a Successor for Cause; (d) One hundred and eighty (180) days after the date of the Grantee’s termination of employment by the Company or a Successor without Cause (for any reason other than as set forth in Section 3.2(b)); (e) One hundred and eighty (180) days after the date of the Grantee’s termination of employment with the Company or a Successor by the Grantee for Good Reason; (f) The third anniversary of the date of the Grantee’s termination of employment with the Company or a Successor by the Grantee upon Retirement; or (g) Sixty (60) days after the date of the Grantee’s termination of employment with the Company or a Successor by the Grantee without Good Reason (except due to Retirement, death or Permanent Disability). For the avoidance of doubt, for purposes of this Agreement, Grantee’s employment shall not be deemed to have terminated so long as Grantee remains employed by any Service Recipient.

Expiration of SARs. The Grantee may not exercise any SAR granted pursuant to this Award Award, and any unexercised SAR shall immediately expire without any payment therefor, after the first to occur of the following events: (a) The tenth anniversary of the Grant Date so long as the Grantee remains employed with the Company or a Successor through such date; (b) The third fourth anniversary of the date of the Grantee’s termination of employment with the Company or a Successor, if the Grantee’s employment terminates by reason of death or Permanent Disability; (c) Immediately upon the date of the Grantee’s termination of employment by the Company or a Successor for Cause; (d) One hundred and eighty (180) days after the date of the Grantee’s termination of employment by the Company or a Successor without Cause (for any reason other than as set forth in Section 3.2(b)); (e) One hundred and eighty (180) days after the date of the Grantee’s termination of employment with the Company or a Successor by the Grantee for Good Reason; (f) The third fourth anniversary of the date of the Grantee’s termination of employment with the Company or a Successor by the Grantee upon Retirement; or (g) Sixty (60) days after the date of the Grantee’s termination of employment with the Company or a Successor by the Grantee without Good Reason (except due to Retirement, death or Permanent Disability). For the avoidance of doubt, for purposes of this Agreement, Grantee’s employment shall not be deemed to have terminated so long as Grantee remains employed by any Service Recipient.

Expiration of SARs. The Grantee may not exercise any SAR granted pursuant to this Award Award, and any unexercised SAR shall immediately expire without any payment therefor, after the first to occur of the following events: (a) The tenth anniversary of the Grant Date so long as the Grantee remains employed with the Company or a Successor through such date; (b) The third fourth anniversary of the date of the Grantee’s termination of employment with the Company or a SuccessorCompany, if the Grantee’s employment terminates by reason of death or Permanent Disability; (c) Immediately upon the date of the Grantee’s termination of employment by the Company or a Successor for Cause; (d) One hundred and eighty (180) days after the date of the Grantee’s termination of employment by the Company or a Successor without Cause (for any reason other than as set forth in Section 3.2(b)); (e) One hundred and eighty (180) days after the date of the Grantee’s termination of employment with the Company or a Successor by the Grantee for Good Reason; (f) The third fourth anniversary of the date of the Grantee’s termination of employment with the Company or a Successor by the Grantee upon Retirement; or (g) Sixty (60) days after the date of the Grantee’s termination of employment with the Company or a Successor by the Grantee without Good Reason (except due to Retirement, death or Permanent Disability). For the avoidance of doubt, for purposes of this Agreement, GranteeXxxxxxx’s employment shall not be deemed to have terminated so long as Grantee remains employed by by, or otherwise continues to render substantial services to, any Service Recipient.

Expiration of SARs. The Grantee may not exercise any SAR granted pursuant to this Award Award, and any unexercised SAR shall immediately expire without any payment therefor, after the first to occur of the following events: (a) The tenth anniversary of the Grant Date so long as the Grantee remains employed with the Company or a Successor through such date; (b) The third fourth anniversary of the date of the Grantee’s termination of employment with the Company or a SuccessorCompany, if the Grantee’s employment terminates by reason of death or Permanent Disability; (c) Immediately upon the date of the Grantee’s termination of employment by the Company or a Successor for Cause; (d) One hundred and eighty (180) days after the date of the Grantee’s termination of employment by the Company or a Successor without Cause (for any reason other than as set forth in Section 3.2(b)); (e) One hundred and eighty (180) days after the date of the Grantee’s termination of employment with the Company or a Successor by the Grantee for Good Reason; (f) The third fourth anniversary of the date of the Grantee’s termination of employment with the Company or a Successor by the Grantee upon Retirement; or (g) Sixty (60) days after the date of the Grantee’s termination of employment with the Company or a Successor by the Grantee without Good Reason (except due to Retirement, death or Permanent Disability). For the avoidance of doubt, for purposes of this Agreement, Grantee’s employment shall not be deemed to have terminated so long as Grantee remains employed by by, or otherwise continues to render substantial services to, any Service Recipient.

Expiration of SARs. The Grantee may not exercise any SAR granted pursuant to this Award after the first to occur of the following events: (a) The tenth anniversary of the Grant Date so long as the Grantee remains employed with the Company or a Successor any Service Recipient through such date; (b) The third anniversary of the date of the Grantee’s termination of employment with the Company or a Successorand all Service Recipients, if the Grantee’s employment terminates by reason of death or Permanent Disability; (c) Immediately upon the date of the Grantee’s termination of employment by the Company or a Successor any Service Recipient for Cause, including if a vested SAR has not yet become exercisable pursuant to Section 3.1(a)(ii); (d) One hundred and eighty (180) days after the date of the Grantee’s termination of employment by the Company or a Successor any Service Recipient without Cause (for any reason other than as set forth in Section 3.2(b)); (e) One hundred and eighty (180) days after the date of the Grantee’s termination of employment with the Company or a Successor any Service Recipient by the Grantee for Good Reason; (f) The third anniversary of the date of the Grantee’s termination of employment with the Company or a Successor any Service Recipient by the Grantee upon Retirement; or. (g) Sixty (60) days after the date of the Grantee’s termination of employment with the Company or a Successor any Service Recipient by the Grantee without Good Reason (except due to Retirement, death or Permanent Disability); or (h) At the discretion of the Company, if the Committee so determines pursuant to Section 9 of the Plan. For the avoidance of doubt, for purposes of this Agreement, Grantee’s employment shall not be deemed to have terminated so long as Grantee remains employed by any Service Recipient.

Expiration of SARs. The Grantee may not exercise any SAR granted pursuant to this Award after the first to occur of the following events: (a) The tenth anniversary of the Grant Date so long as the Grantee remains employed with the Company or a Successor any Service Recipient through such date; (b) The third anniversary of the date of the Grantee’s termination of employment with the Company or a Successorand all Service Recipients, if the Grantee’s employment terminates by reason of death or Permanent Disability; (c) Immediately upon the date of the Grantee’s termination of employment by the Company or a Successor any Service Recipient for Cause, including if a vested SAR has not yet become exercisable pursuant to Section 3.1(a)(ii); (d) One hundred and eighty (180) days after the date of the Grantee’s termination of employment by the Company or a Successor any Service Recipient without Cause (for any reason other than as set forth in Section 3.2(b)); (e) One hundred and eighty (180) days after the date of the Grantee’s termination of employment with the Company or a Successor any Service Recipient by the Grantee for Good Reason; (f) The third anniversary of One hundred and eighty (180) days after the date of the Grantee’s termination of employment with the Company or a Successor any Service Recipient by the Grantee upon Retirement; or. (g) Sixty (60) days after the date of the Grantee’s termination of employment with the Company or a Successor any Service Recipient by the Grantee without Good Reason (except due to Retirement, death or Permanent Disability); or (h) At the discretion of the Company, if the Committee so determines pursuant to Section 9 of the Plan. For the avoidance of doubt, for purposes of this Agreement, Grantee’s employment shall not be deemed to have terminated so long as Grantee remains employed by any Service Recipient.