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, 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 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 vest and 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, 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 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 vest and 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, 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 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 continue to vest and 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, unless the Committee determines otherwise at the time of such termination, the Option 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 Exercise Term, or for five (5) years after the date of termination, whichever period is shorter. 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 the Optionee terminates employment (other than as a result of death or Disability) after attaining age 55 but prior to age 65, unless the Committee determines otherwise at the time of such termination, the Option 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 escribed 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, unless the Committee determines otherwise at the time of such termination, the Option Optionee's Options shall continue to vest in accordance with the original schedule (just as if the Optionee had remained employed) and 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 the Optionee terminates employment (other than as a result of death or Disability) after attaining age 55 but prior to age 65, 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 expiration of the Exercise Term, or for lesser of five (5) years after from the date of termination, whichever period is shortertermination or the remaining Exercise Term. In the event of the Optionee’s 's death after terminating after age 55Retirement, the Option shall continue to vest and 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.