Common use of Termination for Reasons Other Than Death, Disability or Retirement Clause in Contracts

Termination for Reasons Other Than Death, Disability or Retirement. Except as provided in Section 3.3, if Optionee’s service with the Board of Directors is terminated for any reason other than death, Disability or mandatory retirement, this Option will remain exercisable to the extent exercisable on the date of termination of Optionee’s service on the Board of Directors and remain exercisable for a period of 90 days after such termination.