Common use of Stock Option Exercise Period Clause in Contracts

Stock Option Exercise Period. Notwithstanding anything to the contrary in any award agreement governing any outstanding stock option held by the Executive as of the Effective Date (the “Outstanding Stock Options”): (a) Holdings hereby agrees that the post-termination exercise period applicable to such Outstanding Stock Options shall be one (1) year following the Executive’s Termination Date (as defined below); provided that in no event shall such period extend beyond the maximum term of the Outstanding Stock Option; and (b) the applicable award agreements governing such Outstanding Stock Options shall be deemed to be amended to provide for such one (1) year exercise period.

Stock Option Exercise Period. Notwithstanding anything to the contrary in any award agreement governing any outstanding stock option held by the Executive as of the Effective Date (the “Outstanding Stock Options”): (a) Holdings hereby agrees that the post-termination exercise period applicable to such Outstanding Stock Options shall be one (1) year following the Executive’s Termination Date (as defined below); below); provided that in no event shall such period extend beyond the maximum term of the Outstanding Stock Option; and (b) the applicable award agreements governing such Outstanding Stock Options shall be deemed to be amended to provide for such one (1) year exercise period.

Stock Option Exercise Period. Notwithstanding anything to the contrary in any award agreement governing any outstanding stock option held by the Executive as of the Effective Date (the “Outstanding Stock Options”): (a) Holdings hereby agrees that the post-termination exercise period applicable to such Outstanding Stock Options shall be one (1) year following the Executive’s Termination Date (as defined below); provided that in no event shall such period extend beyond the maximum term of the Outstanding Stock Option; and (b) the NAI-1535383441v5 applicable award agreements governing such Outstanding Stock Options shall be deemed to be amended to provide for such one (1) year exercise period.