Common use of Retirement, etc Clause in Contracts

Retirement, etc. If Participant is an employee of the Company and ceases to be an employee due to retirement with the consent of the Administrator, Participant will be entitled to a special exercise period with respect to the Option (the “Special Exercise Period”) which will begin on Participant’s Retirement Date and will end on the earlier of the 4th anniversary of Participant’s Retirement Date or the expiration date specified in Section 1.4 above. During the Special Exercise Period, the Option will continue to vest in accordance with the schedule specified in Section 1.3 above and will be exercisable to the same extent that it would have been exercisable had Participant remained in service with the Company or one of its subsidiaries. As used herein the term “retirement with the consent of the Administrator” means that Participant’s retirement must be with the consent of the Administrator, which consent may be granted or withheld in the discretion of the Administrator. In the event that Participant ceases to be an employee under circumstances that would otherwise qualify for retirement but the consent of the Administrator has not been granted, then Participant shall not be entitled to the benefits of this Section 2.3.

Retirement, etc. If Participant is an employee of the Company and Employee ceases to be an employee due to retirement with the consent of the Administrator, Participant Employee will be entitled to a special exercise period with respect to the Option (the “Special Exercise Period”) which will begin on ParticipantEmployee’s Retirement Date and will end on the earlier of the 4th 3rd anniversary of ParticipantEmployee’s Retirement Date or the expiration date specified in Section 1.4 aboveFebruary 19, 2016. During the Special Exercise Period, the Option will continue to vest in accordance with the schedule specified in Section 1.3 above and will be exercisable to the same extent that it would have been exercisable had Participant Employee remained in service with employed by the Company or one of its subsidiaries. As used herein the term “retirement with the consent of the Administrator” means that ParticipantEmployee’s retirement must be with the consent of the Administrator, which consent may be granted or withheld in the discretion of the Administrator. In the event that Participant Employee ceases to be an employee under circumstances that would otherwise qualify for retirement but the consent of the Administrator has not been granted, then Participant Employee shall not be entitled to the benefits of this Section 2.3.

Retirement, etc. If Participant is an employee of the Company and Employee ceases to be an employee due to retirement with the consent of the Administrator, Participant Employee will be entitled to a special exercise period with respect to the Option (the “Special Exercise Period”) which will begin on ParticipantEmployee’s Retirement Date and will end on the earlier of the 4th 3rd anniversary of ParticipantEmployee’s Retirement Date or the expiration date specified in Section 1.4 aboveFebruary 19, 2017. During the Special Exercise Period, the Option will continue to vest in accordance with the schedule specified in Section 1.3 above and will be exercisable to the same extent that it would have been exercisable had Participant Employee remained in service with employed by the Company or one of its subsidiaries. As used herein the term “retirement with the consent of the Administrator” means that ParticipantEmployee’s retirement must be with the consent of the Administrator, which consent may be granted or withheld in the discretion of the Administrator. In the event that Participant Employee ceases to be an employee under circumstances that would otherwise qualify for retirement but the consent of the Administrator has not been granted, then Participant Employee shall not be entitled to the benefits of this Section 2.3.

Retirement, etc. If Participant is an employee of the Company and ceases to be an employee due to retirement with the consent of the Administrator, Participant will be entitled to a special exercise period with respect to the Option (the “Special Exercise Period”) which will begin on Participant’s Retirement Date retirement date and will end on the earlier of the 4th anniversary of Participant’s Retirement Date retirement date or the expiration date specified in Section 1.4 above. During the Special Exercise Period, the Option will continue to vest in accordance with the schedule specified in Section 1.3 above and will be exercisable to the same extent that it would have been exercisable had Participant remained in service with the Company or one of its subsidiaries. As used herein the term “retirement with the consent of the Administrator” means that Participant’s retirement must be with the consent of the Administrator, which consent may be granted or withheld in the discretion of the Administrator. In the event that Participant ceases to be an employee under circumstances that would otherwise qualify for retirement but the consent of the Administrator has not been granted, then Participant shall not be entitled to the benefits of this Section 2.3.