Special Vesting. This option grant (or the portion designated below in Section 3(c)) shall vest and become exercisable under the circumstances and subject to the terms and conditions specified in this Section 3 (subject to the provisions of Section 5): (a) Notwithstanding anything in Sections 2 or 4 to the contrary, the performance-based vesting provisions of subsections (a), (b) and (c) of Section 2 shall operate to vest this option grant to the extent that it remains outstanding when the Optionee retires (as defined in Section 3(b)(i)), dies or becomes disabled (as defined in Section 3(b)(iii)) prior to its Vesting Date even if such vesting occurs after the termination of the Optionee's employment with the Corporation and its Subsidiaries.
Appears in 5 contracts
Samples: Replacement Shareholder Value Incentive Stock Option (Georgia Pacific Corp), Replacement Shareholder Value Incentive Stock Option (Georgia Pacific Corp), Replacement Shareholder Value Incentive Stock Option (Georgia Pacific Corp)
