Common use of Period of Time to Exercise Clause in Contracts

Period of Time to Exercise. If you cease to be an employee by reason of your Retirement, all of your vested Options may be exercised by you at any time before 3:00 P.M., U.S. Central Time on the fifth anniversary of your Termination Date. If the date of such fifth anniversary is a Non-Business Day, then the Options will remain exercisable until the first Business Day immediately following the fifth anniversary.

Appears in 2 contracts

Samples: Form of Award Agreement (Embarq CORP), Award Agreement (Embarq CORP)

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Period of Time to Exercise. If you cease to be an employee by reason of your Normal Retirement, all of your vested Options may be exercised by you at any time before 3:00 P.M., U.S. Central Time on the fifth anniversary of your Termination Date. If the date of such fifth anniversary is not a Non-Business Day, then the Options will remain exercisable until the first Business Day immediately following the fifth anniversary.

Appears in 2 contracts

Samples: Form of Award Agreement (Embarq CORP), Award Agreement (Embarq CORP)

Period of Time to Exercise. If you cease to be an employee Employee by reason of your Normal Retirement, all of your vested the Options described in Section 4(e)(i) above may be exercised by you at any time before 3:00 P.M., U.S. Central Time on the fifth anniversary of your Termination Date. If the date of such fifth anniversary is not a Non-Business Day, then the Options will remain exercisable until the first Business Day immediately following the fifth anniversary.

Appears in 1 contract

Samples: Form of Stock Option Award Agreement (Embarq CORP)

Period of Time to Exercise. If you cease to be an employee by reason of your Retirement, all of your vested Options may be exercised by you at any time before 3:00 P.M., U.S. Central Time on the fifth anniversary of your Termination Date. If the date of such fifth anniversary is not a Non-Business Day, then the Options will shall remain exercisable until the first Business Day immediately following the such fifth anniversary.

Appears in 1 contract

Samples: Award Agreement (Embarq CORP)

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Period of Time to Exercise. If you cease to be an employee by reason of your Normal Retirement, all of your vested Options may be exercised by you at any time before 3:00 P.M., U.S. Central Time on the fifth anniversary of your Termination Date. If the date of such fifth anniversary is not a Non-Business Day, then the Options will shall remain exercisable until the first Business Day immediately following the such fifth anniversary.

Appears in 1 contract

Samples: Award Agreement (Embarq CORP)

Period of Time to Exercise. If you cease to be an employee Employee by reason of your Retirement other than Normal Retirement, all of your the vested Options may be exercised by you at any time before 3:00 P.M., U.S. Central Time on the fifth anniversary of your Termination Date. If the date of such fifth anniversary is a Non-Business Day, then the Options will remain exercisable until the first Business Day immediately following the fifth anniversary. All the Options which were not otherwise vested and exercisable as of your Termination Date will be forfeited.

Appears in 1 contract

Samples: Form of Stock Option Award Agreement (Embarq CORP)

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