Common use of Termination After Attaining Age 55 Clause in Contracts

Termination After Attaining Age 55. If the Optionee terminates employment (other than as a result of death or Disability) after attaining age 55 but prior to age 65, all outstanding unvested Options shall expire, and any Options vested as of Optionee’s date of termination shall, unless the Committee determines otherwise at the time of such termination, remain exercisable at any time prior to the end of the Exercise Term, or for five (5) years after the date of termination, whichever period is shorter. In the event of the Optionee’s death after terminating after age 55, the Option shall be exercisable in accordance with this subsection (d) and the Option shall be exercisable by the persons described in (a) above.

Termination After Attaining Age 55. If the Optionee terminates employment (other than as a result of death or Disability) after attaining age 55 but prior to age 65, all outstanding unvested Options shall expire, and any Options vested as of Optionee’s date of termination shall, unless the Committee determines otherwise at the time of such termination, the Optionee's Options shall continue to vest in accordance with the original schedule (just as if the Optionee had remained employed) and shall remain exercisable at any time prior to the end expiration of the lesser of five years or the remaining Exercise Term, or for five (5) years after Term of the date of termination, whichever period is shorterOptions. In the event of the Optionee’s 's death after terminating after age 55Retirement, the Option Options shall continue to vest and be exercisable in accordance with this subsection (d) as if the Optionee had lived and the Option Options shall be exercisable by the persons described in (a) above.

Termination After Attaining Age 55. If In the event the Optionee terminates employment (other than as a result of death or Disability) after attaining age 55 but prior to age 65, all outstanding unvested Options shall expire, and any Options vested as of Optionee’s date of termination shall, unless the Committee determines otherwise at the time of such termination, the Option shall continue to vest in accordance with the original schedule (just as if the Optionee had remained employed) and shall remain exercisable at any time prior to the end of the Exercise Term, or for until five (5) years after the date of termination, whichever period is shortertermination (but in any event not beyond the Exercise Term). In the event of the Optionee’s 's death after terminating after age 55such termination, the Option shall continue to be exercisable in accordance with this subsection (d) as if the Optionee had lived and the Option Options shall be exercisable by the persons described in (a) above.

Termination After Attaining Age 55. If the Optionee terminates employment (other than as a result of death or Disability) after attaining age 55 but prior to age 6555, all outstanding unvested Options shall expire, and any Options vested as of Optionee’s date Date of termination Termination shall, unless the Committee determines otherwise at the time of such termination, remain exercisable at any time prior to the end of the Exercise Term, or for five (5) years after the date Date of terminationTermination, whichever period is shorter. In the event of the Optionee’s death after terminating employment after age 55, the Option shall be exercisable in accordance with this subsection (dc) and the Option shall be exercisable by the persons described in subsection (a) above.

Termination After Attaining Age 55. If the Optionee terminates employment (other than as a result of death or Disability) after attaining age 55 but prior to age 65, all outstanding unvested Options shall expire, and any Options vested as of Optionee’s date of termination shall, unless the Committee determines otherwise at the time of such termination, the Option shall continue to be exercisable (to the extent the Option was vested and exercisable on the date of termination of employment) and shall remain exercisable at any time prior to the end of the Exercise Term, or for five (5) years after the date of termination, whichever period is shorter. In the event of the Optionee’s death after terminating after age 55, the Option shall continue to be exercisable in accordance with this subsection (d) as if the Optionee had lived and the Option shall be exercisable by the persons described in (a) above.

Termination After Attaining Age 55. If the Optionee terminates employment (other than as a result of death or Disability) after attaining age 55 but prior to age 65, all outstanding unvested Options shall expire, and any Options vested as of Optionee’s date of termination shall, unless the Committee determines otherwise at the time of such termination, the Option shall continue to be exercisable (to the extent the Option was vested and exercisable on the date of termination of employment) and shall remain exercisable at any time prior to the end expiration of the Exercise Term, or for lesser of five (5) years after or the date of termination, whichever period is shorterremaining Exercise Term. In the event of the Optionee’s 's death after terminating after age 55Retirement, the Option shall continue to be exercisable in accordance with this subsection (d) as if the Optionee had lived and the Option shall be exercisable by the persons described in (a) above.

Termination After Attaining Age 55. If In the event the Optionee terminates employment (other than as a result of death or Disability) after attaining age 55 but prior to age 65, all outstanding unvested Options shall expire, and any Options vested as of Optionee’s date of termination shall, unless the Committee determines otherwise at the time of such termination, the Option shall remain exercisable at any time prior to the end of the Exercise Term, or for until five (5) years after the date of termination, whichever period is shortergrant (but not beyond the Exercise Term). In the event of the Optionee’s 's death after terminating after age 55such termination, the Option shall continue to be exercisable in accordance with this subsection (d) as if the Optionee had lived and the Option Options shall be exercisable by the persons described in (a) above.

Termination After Attaining Age 55. If the Optionee terminates employment (other than as a result of death or Disability) after attaining age 55 but prior to age 65, all outstanding unvested Options shall expire, and any Options vested as of Optionee’s date of termination shall, unless the Committee determines otherwise at the time of such termination, remain exercisable at any time prior to the end of the Exercise Term, or for five (5) years after the date of termination, whichever period is shorter. In the event of the Optionee’s death after terminating after age 55, the Option vested Options shall be exercisable in accordance with this subsection (d) and the Option shall be exercisable by the persons described in (a) above.

Termination After Attaining Age 55. If the Optionee terminates employment (other than as a result of death or Disability) after attaining age 55 but prior to age 65, all outstanding unvested Options shall expire, and any Options vested as of Optionee’s date of termination shall, unless the Committee determines otherwise at the time of such termination, remain exercisable at any time prior to the end of the Exercise Term, or for five (5) years after the date of termination, whichever period is shorter. In the event of the Optionee’s death after after terminating after age 55, the Option shall be exercisable in accordance with this subsection (d) and the Option shall be exercisable by the persons described in (a) above.

Termination After Attaining Age 55. If the Optionee Grantee terminates employment (other than as a result of death or Disability) after attaining age 55 but prior to age 65, all outstanding unvested Options shall expire, and any Options vested as of OptioneeGrantee’s date of termination shall, unless the Committee determines otherwise at the time of such termination, remain exercisable at any time prior to the end of the Exercise Term, or for five (5) years after the date of termination, whichever period is shorter. In the event of the OptioneeGrantee’s death after terminating after age 55, the Option vested Options shall be exercisable in accordance with this subsection (d) and the Option shall be exercisable by the persons described in (a) above.