Term of Options and Limitations on Right to Exercise. The term of the Option will be for a period of ten (10) years, expiring at 5:00 p.m., Eastern Time, on the tenth anniversary of the Grant Date (the "Expiration Date"). To the extent not previously exercised, the vested portion of your Option will lapse prior to the Expiration Date upon the earliest to occur of the following circumstances:
(a) Three (3) months after the termination of your Continuous Status as a Participant for any reason other than your death or Disability.
(b) Twelve (12) months after termination of your Continuous Status as a Participant by reason of Disability.
(c) Twelve (12) months after the date of your death, if you die while employed, or during the three-month period described in subsection (a) above or during the twelve-month period described in subsection (b) above and before the Option would otherwise lapse. Upon your death, your beneficiary (designated pursuant to the terms of the 2008 Plan) may exercise your Option.
(d) At the end of the remaining original term of the Option if your employment is involuntarily or constructively terminated within twelve (12) months of a Change in Control. The Committee may, prior to the lapse of your Option under the circumstances described in paragraphs (a), (b), (c) or (d) above, extend the time to exercise your Option as determined by the Committee in writing and subject to federal regulations. If you return to employment with the Company during the designated post-termination exercise period, then you will be restored to the status as a Participant you held prior to such termination, but no vesting credit will be earned for any period you were not in Continuous Status as a Participant. If you or your beneficiary exercises an Option after your termination of service, the Option may be exercised only with respect to the Shares that were otherwise vested on the date of your termination of service.
Term of Options and Limitations on Right to Exercise. The term of the Options will be for a period of ten years, expiring at 5:00 p.m., Eastern Time, on the tenth anniversary of the Grant Date (the “Expiration Date”). To the extent not previously exercised, the Options will lapse prior to the Expiration Date upon the earliest to occur of the following circumstances:
(a) Three months after the termination of Optionee’s Continuous Status as a Participant for any reason other than by reason of Optionee’s death, Disability or Retirement.
(b) Twelve months after termination of Optionee’s Continuous Status as Participant by reason of Disability.
(c) Five years after termination of Optionee’s Continuous Status as a Participant by reason of Retirement.
(d) Twelve months after the date of Optionee’s death, if Optionee dies while employed, or during the three-month period described in subsection (a) above or during the twelve-month period described in subsection (b) above and before the Options otherwise lapse. If the Optionee dies during the five-year period described in subsection (c) above, the Option shall lapse as provided in subsection (c). Upon Optionee’s death, the Options may be exercised by Optionee’s beneficiary designated pursuant to the Plan. The Committee may, prior to the lapse of the Options under the circumstances described in paragraphs (a), (b), (c) or (d) above, extend the time to exercise the Options as determined by the Committee in writing. If Optionee returns to employment with the Company during the designated post-termination exercise period, then Optionee shall be restored to the status Optionee held prior to such termination but no vesting credit will be earned for any period Optionee was not in Continuous Status as a Participant. If Optionee or his or her beneficiary exercises an Option after termination of service, the Options may be exercised only with respect to the Shares that were otherwise vested on Optionee’s termination of service.
Term of Options and Limitations on Right to Exercise. The term of the Options will be for a period of eight years, expiring at 5:00 p.m., Mountain Time, on the eighth anniversary of the Grant Date (the “Expiration Date”). To the extent not previously exercised, the Options will lapse prior to the Expiration Date upon the earliest to occur of the following circumstances:
(a) Thirty days after the termination of Optionee’s Continuous Status as a Participant for any reason other than by reason of Optionee’s death or Disability.
(b) Twelve months after termination of Optionee’s Continuous Status as Participant by reason of Disability.
(c) Twelve months after the date of Optionee’s death, if Optionee dies while employed. Upon Optionee’s death, the Options may be exercised by Optionee’s beneficiary designated pursuant to the Plan. The Committee may, prior to the lapse of the Options under the circumstances described in paragraphs (a), (b) or (c) above, extend the time to exercise the Options as determined by the Committee in writing, but in no event beyond the Expiration Date. If Optionee or his or her beneficiary exercises an Option after termination of service, the Options may be exercised only with respect to the Shares that were otherwise vested on Optionee’s termination of service.
Term of Options and Limitations on Right to Exercise. The term of the Option will be for a period of ten (10) years, expiring at 5:00 p.m., Eastern Time, on the tenth anniversary of the Grant Date (the “Expiration Date”). To the extent not previously exercised, the vested portion of your Option will lapse prior to the Expiration Date upon the earliest to occur of the following circumstances:
(a) Three (3) months after the termination of your Continuous Status as a Participant for any reason other than your death or Disability.
(b) Twelve (12) months after termination of your Continuous Status as a Participant by reason of Disability.
(c) Twelve (12) months after the date of your death, if you die while employed, or during the three-month period described in subsection (a) above or during the twelve-month period described in subsection (b) above and before the Option would otherwise lapse. Upon your death, your beneficiary (designated pursuant to the terms of the 2015 Plan) may exercise your Option.
(d) At the end of the remaining original term of the Option if your employment is involuntarily or constructively terminated within twelve (12) months of a Change in Control. If you or your beneficiary exercises an Option after your termination of service, the Option may be exercised only with respect to the Shares that were otherwise vested on the date of your termination of service.
Term of Options and Limitations on Right to Exercise. The term of the Options will be for a period of ten (10) years, expiring at 5:00 p.m., Eastern Time, on the tenth anniversary of the Grant Date (the "Expiration Date"). To the extent not previously exercised, the vested Options will lapse prior to the Expiration Date upon the earliest to occur of the following circumstances:
(a) Three (3) months after the termination of the Participant's Continuous Status as a Participant for any reason other than by reason of the Participant's death or Disability.
(b) Twelve (12) months after termination of the Participant's Continuous Status as a Participant by reason of Disability.
(c) Twelve (12) months after the date of the Participant's death, if Participant dies while employed, or during the three-month period described in subsection (a) above or during the twelve-month period described in subsection (b) above and before the Options otherwise lapse. Upon the Participant's death, the Options may be exercised by Participant's beneficiary designated pursuant to the Plan.
(d) At the end of the remaining original term of the Option if the Participant's employment is involuntarily or constructively terminated within twelve (12) months of a Change in Control. Options exercised after three (3) months from the Participant's termination of employment will be treated as Non-Statutory Stock Options for tax purposes. The Committee may, prior to the lapse of the Options under the circumstances described in paragraphs (a), (b), (c) or (d) above, extend the time to exercise the Options as determined by the Committee in writing. If the Participant returns to employment with the Company during the designated post-termination exercise period, then the Participant shall be restored to the status the Participant held prior to such termination but no vesting credit will be earned for any period the Participant was not in Continuous Status as a Participant. If the Participant or his or her beneficiary exercises an Option after termination of service, the Options may be exercised only with respect to the Shares that were otherwise vested on the Participant's termination of service.
Term of Options and Limitations on Right to Exercise. The term of the Options will be for a period of ten years, expiring at 5:00 p.m., Eastern Time, on the tenth anniversary of the Grant Date (the "Expiration Date"). To the extent not previously exercised, the Options will lapse prior to the Expiration Date upon the earliest to occur of the following circumstances:
(a) Thirty-six months after the termination of Optionee's service as a director of the Company for any reason other than for Cause;
(b) 5:00 p.m., Eastern Time, on the date of the termination of Optionee's service as a director of the Company if such termination is for Cause. Upon Optionee's death, the Options may be exercised by Optionee's beneficiary designated pursuant to the Plans. If Optionee or his or her beneficiary exercises an Option after termination of service, the Options may be exercised only with respect to the Shares that were otherwise vested on Optionee's termination of service.
Term of Options and Limitations on Right to Exercise. The Option term will be for a period of ten (10) years, expiring at 5:00 p.m., Central Time, on the tenth anniversary of the Grant Date (the "Expiration Date"). To the extent not previously exercised, the vested Options will lapse prior to the Expiration Date upon the earliest to occur of the following circumstances:
(a) Three (3) months after termination of your Continuous Status as a Participant for any reason other than death or Disability;
(b) Twelve (12) months after termination of your Continuous Status as a Participant by reason of Disability;
(c) Twelve (12) months after the date of your death, if you die while employed, or during the three-month period described in subsection (a) above or during the twelve-month period described in subsection (b) above and before the Options otherwise lapse. Upon your death, a beneficiary designated pursuant to the Plan may exercise your Options; or
(d) At the end of the remaining original term of the Option, if your employment is involuntarily or constructively terminated within twelve (12) months of a Change in Control. Prior to the lapse of the Options under the circumstances described in paragraphs (a), (b), (c) or (d) above, the Committee may extend the time to exercise the Options as determined in writing. If you return to employment with the Company during the designated post-termination exercise period, you will be restored to the status you held prior to termination but no vesting credit will be earned for any period you were not in Continuous Status as a Participant. If you or your beneficiary exercises an Option after termination of service, the Option may be exercised only with respect to the Shares that were otherwise vested on the date of your termination of service.
Term of Options and Limitations on Right to Exercise. The term of the Option will be for a period of ten (10) years, expiring at 5:00 p.m., Eastern Time, on the tenth anniversary of the Grant Date (the "Expiration Date"). To the extent not previously exercised, the vested portion of your Option will lapse prior to the Expiration Date upon the earliest to occur of the following circumstances:
(a) Three (3) months after the termination of your Continuous Status as a Participant for any reason other than your death or Disability.
(b) Twelve (12) months after termination of your Continuous Status as a Participant by reason of Disability.
(c) Twelve (12) months after the date of your death, if you die while employed, or during the three-month period described in subsection (a) above or during the twelve-month period described in subsection (b) above and before the Option would otherwise lapse. Upon your death, your beneficiary (designated pursuant to the terms of the 2008 Plan) may exercise your Option.
(d) At the end of the remaining original term of the Option, if your employment is involuntarily or constructively terminated within twelve (12) months of a Change in Control. Options exercised more than three (3) months after your termination date will be treated as Non-Statutory Stock Options for tax purposes.
Term of Options and Limitations on Right to Exercise. The Options shall become exercisable in full on the date hereof and shall expire at 5:00 p.m., Dallas, Texas time, on February 6, 2011, unless sooner terminated pursuant hereto.
Term of Options and Limitations on Right to Exercise. The term of the Options will be for a period of ten (10) years, expiring at 5:00 p.m., Eastern Time, on the tenth anniversary of the Grant Date (the "Expiration Date"). To the extent not previously exercised, the vested Options will lapse prior to the Expiration Date upon the earliest to occur of the following circumstances:
(a) Three (3) months after the termination of the Participant's Continuous Status as a Participant for any reason other than by reason of the Participant's death or Disability.
(b) Twelve (12) months after termination of the Participant's Continuous Status as a Participant by reason of Disability.
(c) Twelve (12) months after the date of the Participant's death, if the Participant dies while employed, or during the three-month period described in subsection (a) above or during the twelve-month period described in subsection (b) above and before the Options otherwise lapse. Upon the Participant's death, the Options may be exercised by the Participant's beneficiary designated pursuant to the 2005 Plan.
(d) At the end of the remaining original term of the Option if the Participant's employment is involuntarily or constructively terminated within twelve (12) months of a Change in Control. The Committee may, prior to the lapse of the Options under the circumstances described in paragraphs (a), (b), (c) or (d) above, extend the time to exercise the Options as determined by the Committee in writing and subject to federal regulations. If the Participant returns to employment with the Company during the designated post-termination exercise period, then the Participant shall be restored to the status the Participant held prior to such termination but no vesting credit will be earned for any period the Participant was not in Continuous Status as a Participant. If the Participant or his or her beneficiary exercises an Option after termination of service, the Options may be exercised only with respect to the Shares that were otherwise vested on the Participant's termination of service.
