Common use of Revised Vesting and Exercise Time Period Clause in Contracts

Revised Vesting and Exercise Time Period. (a) The Award will vest, in full, immediately prior to either a Change of Control or a Loral Only Change of Control (as defined in Section 15). (b) Instead of the provisions set forth in Section 5.4.2 of the Plan, the following provisions will apply: (i) (A) upon termination of the Participant’s employment by the Participant without Good Reason at any time (x) before November 30, 2017, (y) between December 1, 2017 and November 30, 2018, if Xxxxxx Xxxxxxxx ceases to be employed by the Company for any reason within six (6) months prior to such termination or (z) if Cause exists at the time of such termination or (B) upon termination of the Participant’s employment by the Company for Cause at any time, the Award, whether vested and exercisable on or prior to the date of such termination, or not, shall immediately as of such date of termination be forfeited. (ii) upon termination of the Participant’s Employment by the Company at any time without Cause, or by the Participant for Good Reason, the portion of the Award that would have become vested in the one-year period immediately following the date of termination shall immediately become vested and exercisable, in full, and shall continue to be exercisable for a period of 180 days following such date, and thereafter shall be forfeited. (iii) if the Participant’s Employment terminates as a result of death or Disability of the Participant, the portion of the Award that would vest within one year of the date of termination of employment shall immediately vest. (iv) in the event of the death or Disability Termination of the Participant, the vested portion of the Award shall continue to be exercisable for a period of one year from the Participant’s termination of employment as a result of death or Disability, and thereafter shall be forfeited. (v) upon termination of the Participant’s Employment by the Participant without Good Reason at any time on or after November 30, 2017 (except as provided in Section 14(b)(i)(A)(y) or (z)), the vested portion of the Award shall be exercisable for a period of 90 days following such date, and thereafter shall be forfeited. (c) The provisions of Section 14(b) above shall be subject to Section 5.8.2 of the Plan as to termination of exercise periods to the extent not based on termination of Employment.

Revised Vesting and Exercise Time Period. (a) The Award will vest, in full, immediately prior to either a Change of Control or a Loral Only Change of Control (as defined in Section 15). (b) Instead of the provisions set forth in Section 5.4.2 of the Plan, the following provisions will apply: (i) (A) upon termination of the Participant’s employment by the Participant without Good Reason at any time (x) before November 30, 2017, (y) between December 1, 2017 and November 30, 2018, if Xxxxxx Xxxxxxxx ceases to be employed by the Company for any reason within six (6) months prior to such termination or (z) if Cause exists at the time of such termination or (B) upon termination of the Participant’s employment by the Company for Cause at any time, the Award, whether vested and exercisable on or prior to the date of such termination, or not, shall immediately as of such date of termination be forfeited. (ii) upon termination of the Participant’s Employment by the Company at any time without Cause, or by the Participant for Good Reason, the portion of the Award that would have become vested in the one-year period immediately following the date of termination shall immediately become vested and exercisable, in full, and shall continue to be exercisable for a period of 180 days following such date, and thereafter shall be forfeited. (iii) if the Participant’s Employment terminates as a result of death or Disability of the Participant, the portion of the Award that would vest within one year of the date of termination of employment shall immediately vest. (iv) in the event of the death or Disability Termination of the Participant, the vested portion of the Award shall continue to be exercisable for a period of one year from the Participant’s termination of employment as a result of death or Disability, and thereafter shall be forfeited. (v) upon termination of the Participant’s Employment by the Participant without Good Reason at any time on or after November 30, 2017 (except as provided in Section 14(b)(i)(A)(y) or (z))time, the vested portion of the Award shall be exercisable for a period of 90 days following such date, and thereafter shall be forfeited. (vi) upon a Non Fault Termination, there shall be no additional vesting and the Award shall, subject to Section 14(c) below, remain exercisable until the earliest of (x) the end of the original Grant Term, (y) two (2) years after an Initial Public Offering, or (z) the date the Participant commences to provide services to a Competitor (as defined in Schedule “A” hereto). (c) The provisions of Section 14(b) above shall be subject to Section 5.8.2 of the Plan as to termination of exercise periods to the extent not based on termination of Employment.

Revised Vesting and Exercise Time Period. (a) The Award will vest, in full, immediately prior to either a Change of Control or a Loral Only Change of Control (as defined in Section 15). (b) Instead of the provisions set forth in Section 5.4.2 of the Plan, the following provisions will apply: (i) (A) upon termination of the Participant’s employment by the Participant without Good Reason and not a Non Fault Termination (as used herein, as defined in Participant’s Employment Agreement) at any time (x) before November 30October 31, 2017, 2019 or (y) between December 1, 2017 and November 30, 2018, if Xxxxxx Xxxxxxxx ceases to be employed by the Company for any reason within six (6) months prior to such termination or (z) if Cause exists at the time of such termination or (B) upon termination of the Participant’s employment by the Company for Cause at any time, the Award, whether vested and exercisable on or prior to the date of such termination, or not, shall immediately as of such date of termination be forfeited. (ii) upon termination of the Participant’s Employment by the Company at any time without Cause, or by the Participant for Good Reason, the portion of the Award that would have become vested in the one-year period immediately following the date of termination shall immediately become vested and exercisable, in full, and shall continue to be exercisable for a period of 180 days following such date, and thereafter shall be forfeited. (iii) if the Participant’s Employment terminates as a result of death or Disability of the Participant, the portion of the Award that would vest within one year of the date of termination of employment shall immediately vest. (iv) in the event of the death or Disability Termination of the Participant, the vested portion of the Award shall continue to be exercisable for a period of one year from the Participant’s termination of employment as a result of death or Disability, and thereafter shall be forfeited. (v) upon termination of the Participant’s Employment by the Participant without Good Reason at any time on or after November 30October 31, 2017 2019 (except as provided in Section 14(b)(i)(A)(y) or (z)), the vested portion of the Award shall be exercisable for a period of 90 days following such date, and thereafter shall be forfeited. (vi) upon a Non Fault Termination, there shall be no additional vesting and the Award shall, subject to Section 14(c) below, remain exercisable until the earliest of (x) the end of the original Grant Term, (y) two (2) years after an Initial Public Offering, or (z) the date the Participant commences to provide services to a Competitor (as defined in Schedule “A” hereto). (c) The provisions of Section 14(b) above shall be subject to Section 5.8.2 of the Plan as to termination of exercise periods to the extent not based on termination of Employment.

Revised Vesting and Exercise Time Period. (a) The Award will vest, in full, immediately prior to either a Change of Control or a Loral Only Change of Control (as defined in Section 15). (b) Instead of the provisions set forth in Section 5.4.2 of the Plan, the following provisions will apply: (i) (A) upon termination of the Participant’s employment by the Participant without Good Reason at any time (x) before November 30December 10, 20172021, (y) between December 110, 2017 2021 and November 30December 10, 20182022, if Xxxxxx Xxxxxxxx ceases to be employed by the Company for any reason within six (6) months prior to such termination or (z) if Cause exists at the time of such termination or (B) upon termination of the Participant’s employment by the Company for Cause at any time, the Award, whether vested and exercisable on or prior to the date of such termination, or not, shall immediately as of such date of termination be forfeited. (ii) upon termination of the Participant’s Employment by the Company at any time without Cause, or by the Participant for Good Reason, the portion of the Award that would have become vested in the one-year period immediately following the date of termination shall immediately become vested and exercisable, in full, and shall continue to be exercisable for a period of 180 days following such date, and thereafter shall be forfeited. (iii) if the Participant’s Employment terminates as a result of death or Disability of the Participant, the portion of the Award that would vest within one year of the date of termination of employment shall immediately vest. (iv) in the event of the death or Disability Termination of the Participant, the vested portion of the Award shall continue to be exercisable for a period of one year from the Participant’s termination of employment as a result of death or Disability, and thereafter shall be forfeited. (v) upon termination of the Participant’s Employment by the Participant without Good Reason at any time on or after November 30December 10, 2017 2021 (except as provided in Section 14(b)(i)(A)(y) or (z)), the vested portion of the Award shall be exercisable for a period of 90 days following such date, and thereafter shall be forfeited. (c) The provisions of Section 14(b) above shall be subject to Section 5.8.2 of the Plan as to termination of exercise periods to the extent not based on termination of Employment.

Revised Vesting and Exercise Time Period. (a) The Award will vest, in full, if the Participant’s employment is terminated by the Company without Cause or by the Participant with Good Reason within the two-year period immediately prior to either following a Change of Control or a Loral Only Change of Control (as defined in Section 15)Control. (b) Instead of the provisions set forth in Section 5.4.2 of the Plan, the following provisions will apply: (i) (A) upon termination of the Participant’s employment by the Participant without Good Reason at any time (x) before November 30October 31, 20172014, (y) between December November 1, 2017 2014 and November 30October 31, 20182015, if Xxxxxx Xxxxxxxx ceases to be employed by the Company for any reason within six (6) months prior to such termination or (z) if Cause exists at the time of such termination termination, or (B) upon termination of the Participant’s employment by the Company for Cause at any time, the Award, whether vested and exercisable on or prior to the date of such termination, or not, shall immediately as of such date of termination be forfeited. (ii) upon termination of the Participant’s Employment by the Company at any time without Cause, or by the Participant for Good Reason, the portion of the Award that would have become vested in the one-year period immediately following the date of termination shall immediately become vested and exercisable, in full, and shall continue to be exercisable for a period of 180 days following such date, and thereafter shall be forfeited. (iii) if the Participant’s Employment terminates as a result of death or Disability of the Participant, the portion of the Award that would vest within one year of the date of termination of employment shall immediately vest. (iv) in the event of the death or Disability Termination of the Participant, the vested portion of the Award shall continue to be exercisable for a period of one year from the Participant’s termination of employment as a result of death or Disability, and thereafter shall be forfeited. (v) upon termination of the Participant’s Employment by the Participant without Good Reason at any time on or after November 30October 31, 2017 2009 (except as provided in Section 14(b)(i)(A)(y) or (z)), the vested portion of the Award shall be exercisable for a period of 90 days following such date, and thereafter shall be forfeited. (c) The provisions of Section 14(b) above shall be subject to Section 5.8.2 of the Plan as to termination of exercise periods to the extent not based on termination of Employment.

Revised Vesting and Exercise Time Period. (a) The Award will vest, in full, immediately Immediately prior to either a Change of Control or a Loral Only Change of Control (as defined in Section 15), (i) the Time-Vesting Options will vest in full, (ii) the portion of the Performance-Vesting Options for which the opportunity to vest has occurred, but which have not vested, shall be cancelled and cease to be outstanding, and (iii) the portion of the Performance-Vesting Options for which the opportunity to vest has not yet occurred shall become vested and exercisable as to all shares thereunder. (b) Instead of the provisions set forth in Section 5.4.2 of the Plan, the following provisions will apply: (i) (A) upon termination of the Participant’s employment by the Participant without Good Reason at any time (x) before November 30September 17, 2017, 2015 (y) between December 1September 18, 2017 2015 and November 30September 17, 20182016, if Xxxxxx Xxxxxxxx ceases to be employed by the Company for any reason within six (6) months prior to such termination or (z) if Cause exists at the time of such termination or (B) upon termination of the Participant’s employment by the Company for Cause at any time, the Award, whether vested and exercisable on or prior to the date of such termination, or not, shall immediately as of such date of termination be forfeited. (ii) upon termination of the Participant’s Employment by the Company at any time without Cause, or by the Participant for Good Reason, the portion of the Award that would have become vested in the one-year period immediately following the date of termination shall immediately become vested and exercisable, in full, and shall continue to be exercisable for a period of 180 days following such date, and thereafter shall be forfeited. (iii) if the Participant’s Employment terminates as a result of death or Disability of the Participant, the portion of the Award that would vest within one year of the date of termination of employment shall immediately vest. (iv) in the event of the death or Disability Termination of the Participant, the vested portion of the Award shall continue to be exercisable for a period of one year from the Participant’s termination of employment as a result of death or Disability, and thereafter shall be forfeited. (v) upon termination of the Participant’s Employment by the Participant without Good Reason at any time on or after November 30September 17, 2017 2015 (except as provided in Section 14(b)(i)(A)(y) or (z)), the vested portion of the Award shall be exercisable for a period of 90 days following such date, and thereafter shall be forfeited. (c) The provisions of Section 14(b) above shall be subject to Section 5.8.2 of the Plan as to termination of exercise periods to the extent not based on termination of Employment.

Revised Vesting and Exercise Time Period. (a) The Award will vest, in full, immediately prior to either a Change of Control or a Loral Only Change of Control (as defined in Section 15). (b) Instead of the provisions set forth in Section 5.4.2 of the Plan, the following provisions will apply: (i) (A) upon termination of the Participant’s employment by the Participant without Good Reason and not a Non Fault Termination (as used herein, as defined in Participant’s Employment Agreement) at any time (x) before November 30October 31, 2017, 2014 or (y) between December 1, 2017 and November 30, 2018, if Xxxxxx Xxxxxxxx ceases to be employed by the Company for any reason within six (6) months prior to such termination or (z) if Cause exists at the time of such termination or (B) upon termination of the Participant’s employment by the Company for Cause at any time, the Award, whether vested and exercisable on or prior to the date of such termination, or not, shall immediately as of such date of termination be forfeited. (ii) upon termination of the Participant’s Employment by the Company at any time without Cause, or by the Participant for Good Reason, the portion of the Award that would have become vested in the one-year period immediately following the date of termination shall immediately become vested and exercisable, in full, and shall continue to be exercisable for a period of 180 days following such date, and thereafter shall be forfeited. (iii) if the Participant’s Employment terminates as a result of death or Disability of the Participant, the portion of the Award that would vest within one year of the date of termination of employment shall immediately vest. (iv) in the event of the death or Disability Termination of the Participant, the vested portion of the Award shall continue to be exercisable for a period of one year from the Participant’s termination of employment as a result of death or Disability, and thereafter shall be forfeited. (v) upon termination of the Participant’s Employment by the Participant without Good Reason at any time on or after November 30October 31, 2017 2014 (except as provided in Section 14(b)(i)(A)(y) or (z)), the vested portion of the Award shall be exercisable for a period of 90 days following such date, and thereafter shall be forfeited. (vi) upon a Non Fault Termination, there shall be no additional vesting and the Award shall, subject to Section 14(c) below, remain exercisable until the earliest of (x) the end of the original Grant Term, (y) two (2) years after an Initial Public Offering, or (z) the date the Participant commences to provide services to a Competitor (as defined in Schedule “A” hereto). (c) The provisions of Section 14(b) above shall be subject to Section 5.8.2 of the Plan as to termination of exercise periods to the extent not based on termination of Employment.

Revised Vesting and Exercise Time Period. (a) The Award will vest, in full, immediately Immediately prior to either a Change of Control or a Loral Only Change of Control (as defined in Section 15), (i) the Time-Vesting Options will vest in full, (ii) the portion of the Performance-Vesting Options for which the opportunity to vest has occurred, but which have not vested, shall be cancelled and cease to be outstanding, and (iii) the portion of the Performance-Vesting Options for which the opportunity to vest has not yet occurred shall become vested and exercisable as to all shares thereunder. (b) Instead of the provisions set forth in Section 5.4.2 of the Plan, the following provisions will apply: (i) (A) upon termination of the Participant’s employment by the Participant without Good Reason at any time (x) before November 30September 17, 2017, 2015 (y) between December 1September 18, 2017 2015 and November 30September 17, 20182016, if Xxxxxx Dxxxxx Xxxxxxxx ceases to be employed by the Company for any reason within six (6) months prior to such termination or (z) if Cause exists at the time of such termination or (B) upon termination of the Participant’s employment by the Company for Cause at any time, the Award, whether vested and exercisable on or prior to the date of such termination, or not, shall immediately as of such date of termination be forfeited. (ii) upon termination of the Participant’s Employment by the Company at any time without Cause, or by the Participant for Good Reason, the portion of the Award that would have become vested in the one-year period immediately following the date of termination shall immediately become vested and exercisable, in full, and shall continue to be exercisable for a period of 180 days following such date, and thereafter shall be forfeited. (iii) if the Participant’s Employment terminates as a result of death or Disability of the Participant, the portion of the Award that would vest within one year of the date of termination of employment shall immediately vest. (iv) in the event of the death or Disability Termination of the Participant, the vested portion of the Award shall continue to be exercisable for a period of one year from the Participant’s termination of employment as a result of death or Disability, and thereafter shall be forfeited. (v) upon termination of the Participant’s Employment by the Participant without Good Reason at any time on or after November 30September 17, 2017 2015 (except as provided in Section 14(b)(i)(A)(y) or (z)), the vested portion of the Award shall be exercisable for a period of 90 days following such date, and thereafter shall be forfeited. (c) The provisions of Section 14(b) above shall be subject to Section 5.8.2 of the Plan as to termination of exercise periods to the extent not based on termination of Employment.

Revised Vesting and Exercise Time Period. (a) The Award will vest, in full, immediately prior to either a Change of Control or a Loral Only Change of Control (as defined in Section 15). (b) Instead of the provisions set forth in Section 5.4.2 of the Plan, the following provisions will apply: (i) (A) upon termination of the Participant’s employment by the Participant without Good Reason at any time (x) before November 30March 18, 20172021, (y) between December 1March 19, 2017 2021 and November 30March 18, 20182022, if Xxxxxx Dxxxxx Xxxxxxxx ceases to be employed by the Company for any reason within six (6) months prior to such termination or (z) if Cause exists at the time of such termination or (B) upon termination of the Participant’s employment by the Company for Cause at any time, the Award, whether vested and exercisable on or prior to the date of such termination, or not, shall immediately as of such date of termination be forfeited. (ii) upon termination of the Participant’s Employment by the Company at any time without Cause, or by the Participant for Good Reason, the portion of the Award that would have become vested in the one-year period immediately following the date of termination shall immediately become vested and exercisable, in full, and shall continue to be exercisable for a period of 180 days following such date, and thereafter shall be forfeited. (iii) if the Participant’s Employment terminates as a result of death or Disability of the Participant, the portion of the Award that would vest within one year of the date of termination of employment shall immediately vest. (iv) in the event of the death or Disability Termination of the Participant, the vested portion of the Award shall continue to be exercisable for a period of one year from the Participant’s termination of employment as a result of death or Disability, and thereafter shall be forfeited.a (v) upon termination of the Participant’s Employment by the Participant without Good Reason at any time on or after November 30March 18, 2017 2021 (except as provided in Section 14(b)(i)(A)(y) or (z)), the vested portion of the Award shall be exercisable for a period of 90 days following such date, and thereafter shall be forfeited. (c) The provisions of Section 14(b) above shall be subject to Section 5.8.2 of the Plan as to termination of exercise periods to the extent not based on termination of Employment.

Revised Vesting and Exercise Time Period. (a) The Award will vest, in full, immediately prior to either a Change of Control or a Loral Only Change of Control (as defined in Section 15). (b) Instead of the provisions set forth in Section 5.4.2 of the Plan, the following provisions will apply: (i) (A) upon termination of the Participant’s employment by the Participant without Good Reason at any time (x) before November 30April 25, 20172019, (y) between December 1April 26, 2017 2019 and November 30April 25, 20182020, if Xxxxxx Dxxxxx Xxxxxxxx ceases to be employed by the Company for any reason within six (6) months prior to such termination or (z) if Cause exists at the time of such termination or (B) upon termination of the Participant’s employment by the Company for Cause at any time, the Award, whether vested and exercisable on or prior to the date of such termination, or not, shall immediately as of such date of termination be forfeited. (ii) upon termination of the Participant’s Employment by the Company at any time without Cause, or by the Participant for Good Reason, the portion of the Award that would have become vested in the one-year period immediately following the date of termination shall immediately become vested and exercisable, in full, and shall continue to be exercisable for a period of 180 days following such date, and thereafter shall be forfeited. (iii) if the Participant’s Employment terminates as a result of death or Disability of the Participant, the portion of the Award that would vest within one year of the date of termination of employment shall immediately vest. (iv) in the event of the death or Disability Termination of the Participant, the vested portion of the Award shall continue to be exercisable for a period of one year from the Participant’s termination of employment as a result of death or Disability, and thereafter shall be forfeited. (v) upon termination of the Participant’s Employment by the Participant without Good Reason at any time on or after November 30April 25, 2017 2019 (except as provided in Section 14(b)(i)(A)(y) or (z)), the vested portion of the Award shall be exercisable for a period of 90 days following such date, and thereafter shall be forfeited. (c) The provisions of Section 14(b) above shall be subject to Section 5.8.2 of the Plan as to termination of exercise periods to the extent not based on termination of Employment.