Common use of Involuntary Termination With Severance Clause in Contracts

Involuntary Termination With Severance. If prior to the third anniversary of the date of this Agreement, the Optionee’s employment is terminated by the Corporation and, as a result, the Optionee becomes eligible for severance benefits under one of the Corporation’s Severance Plans, the Optionee will immediately vest in and have the right to purchase a percentage of the Shares subject to this Option determined by dividing (i) the number of whole months from the most recent anniversary of the grant date (February 15) to the date that is twelve months after the termination date of the Optionee’s employment by (ii) 36, and the Option will cease to be exercisable and will be cancelled for the balance of the Shares subject to this Option.

Involuntary Termination With Severance. If prior to the third anniversary of the date of this Agreement, the Optionee’s employment is terminated by the Corporation and, as a result, the Optionee becomes eligible for severance benefits under one of the Corporation’s Severance Plans, the Optionee will immediately vest in and have the right to purchase a percentage of the Shares subject to this Option determined by dividing (i) the number of whole months from the most recent anniversary of the grant date (February 15) Grant Date to the date that is twelve months after the termination date of the Optionee’s employment (or if earlier, the last Vesting Date) by (ii) 36, and the Option will cease to be exercisable and will be cancelled for the balance of the Shares subject to this Option.