Termination of Employment Due to Retirement. If Employment of the Grantee is terminated due to Retirement, the Award shall expire upon the earlier of (i) six years following the date of termination of Employment or (ii) expiration of the Award Period. If the Grantee dies following Retirement but prior to the expiration of the Award, the Award shall expire upon the earliest of (i) three years following the death of the Grantee, (ii) six years following the Retirement of the Grantee, or (iii) expiration of the Award Period.
Appears in 3 contracts
Samples: Stock Appreciation Right Award Agreement (Marathon Oil Corp), Stock Appreciation Right Award Agreement (Marathon Oil Corp), Nonqualified Stock Option With Tandem Stock Appreciation Right Award Agreement (Marathon Oil Corp)
Termination of Employment Due to Retirement. If Employment of the Grantee is terminated due to Retirement, the Award shall expire upon the earlier of (i) six nine years following the date of termination of Employment or (ii) expiration of the Award Period. If the Grantee dies following Retirement but prior to the expiration of the Award, the Award shall expire upon the earliest of (i) three years following the death of the Grantee, (ii) six nine years following the Retirement of the Grantee, or (iii) expiration of the Award Period.
Appears in 2 contracts
Samples: Stock Appreciation Right Award Agreement (Marathon Oil Corp), Stock Appreciation Right Award Agreement (Marathon Oil Corp)
