Common use of Extension of Option Exercise Period Clause in Contracts

Extension of Option Exercise Period. If this Section 6 applies, then all options and other rights to purchase shares of Stock, and all stock appreciation rights measured by the value of Stock, that are held by the Employee when the Separation occurs shall remain exercisable until the earlier of: (i) The later of (A) the date 12 months after the Separation or (B) with respect to any increment of options or rights that becomes exercisable later than nine months after the Separation, the date three months after such increment becomes exercisable; or (ii) The date the options or rights would have expired if the Separation had not occurred.

Extension of Option Exercise Period. If this Section 6 2 applies, then all options and other rights to purchase shares of Stock, and all stock appreciation rights measured by the value of Stock, that are held by the Employee when the Separation occurs shall remain exercisable until the earlier of: (i) The later of (A) the date 12 months after the Separation or (B) with respect to any increment of options or rights that becomes exercisable later than nine months after the Separation, the date three months after such increment becomes exercisable; or (ii) The date the options or rights would have expired if the Separation had not occurred.

Extension of Option Exercise Period. If this Section 6 2 applies, then all options and other rights to purchase shares of Stock, and all stock appreciation rights measured by the value of Stock, that are held by the Employee when the Separation occurs shall remain exercisable until the earlier of: (i) The later of (A) the date 12 18 months after the Separation or (B) with respect to any increment of options or rights that becomes exercisable later than nine 15 months after the Separation, the date three months after such increment becomes exercisable; or (ii) The date the options or rights would have expired if the Separation had not occurred.