Common use of Termination of Participant’s Employment Clause in Contracts

Termination of Participant’s Employment. In the event of the termination of Participant's employment by Corporation for any reason other than Participant's death or disability, the Option, to the extent not previously exercised, shall terminate and become void on the date occurring three months after Participant ceases to be an employee of Corporation. Provided, however, notwithstanding any other provisions set forth herein or in the Plan, if Participant shall commit any act of malfeasance affecting Corporation or any affiliated corporation or is convicted of a felony or engages in conduct that would warrant Participant's discharge for cause as such is determined by the Committee in its sole discretion, any unexercised portion of the Option shall immediately terminate and become void. A transfer of Participant's employment between Corporation and any subsidiary of Corporation shall not be deemed to be a termination of Participant's employment.

Termination of Participant’s Employment. In the event of the termination of Participant's ’s employment by Corporation for any reason other than Participant's death ’s death, disability or disabilityretirement, the Option, to the extent not previously exercised, shall terminate and become void on the date occurring three months after Participant ceases to be an employee of Corporation. Provided, however, notwithstanding any other provisions set forth herein or in the Plan, if Participant shall commit any act of malfeasance affecting Corporation or any affiliated corporation or is convicted of a felony or engages in conduct that would warrant Participant's ’s discharge for cause as such is determined by the Committee in its sole discretion, any unexercised portion of the Option shall immediately terminate and become void. A transfer of Participant's ’s employment between Corporation and any subsidiary of Corporation shall not be deemed to be a termination of Participant's ’s employment.

Termination of Participant’s Employment. In the event of the termination of Participant's ’s employment by Corporation for any reason other than Participant's death ’s death, Disability or disabilityRetirement, the Option, to the extent not previously exercised, shall terminate and become void on the date occurring three months after Participant ceases to be an employee of Corporation. Provided, however, notwithstanding any other provisions set forth herein or in the Plan, if Participant shall commit any act of malfeasance affecting Corporation or any affiliated corporation or is convicted of a felony or engages in conduct that would warrant Participant's ’s discharge for cause as such is determined by the Committee in its sole discretion, any unexercised portion of the Option shall immediately terminate and become void. A transfer of Participant's ’s employment between Corporation and any subsidiary of Corporation shall not be deemed to be a termination of Participant's ’s employment.