Common use of Option Vesting Clause in Contracts

Option Vesting. If CPC terminates Executive's employment -------------- pursuant to Section 5.8, all Options and related stock appreciation rights outstanding on the date of termination of Executive's employment shall vest and become exercisable for all of the underlying shares of CPC common stock on that date, and any restrictions or forfeiture provisions applicable to any shares of CPC common stock or stock units awarded to Executive under any plan or arrangement maintained by CPC for his benefit shall lapse immediately on that date. Executive may exercise his Options or related stock appreciation rights at any time until the earlier of (i) the specified expiration date of the option -------- term or (ii) the expiration of the twelve (12)-month period measured from his termination date, and any Options or stock appreciation rights not exercised prior to the applicable expiration date shall lapse.

Option Vesting. If CPC Executive terminates Executive's her employment -------------- pursuant to Section 5.85.7, all Options and related stock appreciation rights outstanding on the employment termination date of termination of Executive's employment shall vest and become exercisable for all of the underlying shares of CPC common stock on as of that date, and any restrictions or forfeiture provisions applicable to any shares of CPC common stock or stock units awarded to Executive under any plan or arrangement maintained by CPC for his her benefit shall lapse immediately on that date. Executive may exercise his her Options or related stock appreciation rights at any time until the earlier of (i) the specified expiration date of the option -------- term ------- or (ii) the expiration of the twelve (12)-month period measured from his her termination date, and any Options or stock appreciation rights not exercised prior to the applicable expiration date shall lapse.

Option Vesting. If CPC terminates Executive's employment -------------- pursuant to Section 5.8, all Options and related stock appreciation rights outstanding on the date of termination of Executive's employment shall vest and become exercisable for all of the underlying shares of CPC common stock on that date, and any restrictions or forfeiture provisions applicable to any shares of CPC common stock or stock units awarded to Executive under any plan or arrangement maintained by CPC for his her benefit shall lapse immediately on that date. Executive may exercise his her Options or related stock appreciation rights at any time until the earlier of (i) the specified expiration date of the option -------- term or (ii) the expiration of the twelve (12)-month period measured from his her termination date, and any Options or stock appreciation rights not exercised prior to the applicable expiration date shall lapse.

Option Vesting. If CPC Executive terminates Executive's his employment -------------- pursuant to Section 5.85.7, all Options and related stock appreciation rights outstanding on the employment termination date of termination of Executive's employment shall vest and become exercisable for all of the underlying shares of CPC common stock on as of that date, and any restrictions or forfeiture provisions applicable to any shares of CPC common stock or stock units awarded to Executive under any plan or arrangement maintained by CPC for his benefit shall lapse immediately on that date. Executive may exercise his Options or related stock appreciation rights at any time until the earlier of (i) the specified expiration date of the option -------- term ------- or (ii) the expiration of the twelve (12)-month period measured from his termination date, and any Options or stock appreciation rights not exercised prior to the applicable expiration date shall lapse.