Common use of Termination of SARs Clause in Contracts

Termination of SARs. The SARs shall terminate upon the earliest to occur of the following: (a) 90 days after the Grantee ceases to retain Continuous Status as an Employee or Consultant other than upon the Grantee’s death or Disability or Retirement; (b) 180 days after the Grantee ceases to retain Continuous Status as an Employee or Consultant as a result of the Grantee’s Disability; (c) One year after the Grantee ceases to retain Continuous Status as an Employee or Consultant as a result of the Grantee’s death; and (d) Five years from the Grant Date.

Termination of SARs. The SARs shall terminate upon the earliest to occur of the following: (a) 90 days after the Grantee ceases to retain Continuous Status as an Employee or Consultant other than upon the Grantee’s death or Disability or RetirementDisability; (b) 180 days after the Grantee ceases to retain Continuous Status as an Employee or Consultant as a result of the Grantee’s Disability; (c) One year after the Grantee ceases to retain Continuous Status as an Employee or Consultant as a result of the Grantee’s death; and (d) Five Seven years from the Grant Date.

Termination of SARs. The SARs shall terminate upon the earliest to occur of the following: (a) 90 days after the Grantee ceases to retain Continuous Status as an Employee or Consultant other than upon the Grantee’s death or Disability or RetirementDisability; (b) 180 90 days after the Grantee ceases to retain Continuous Status as an Employee or Consultant as a result of the Grantee’s Disability; (c) One year 90 days after the Grantee ceases to retain Continuous Status as an Employee or Consultant as a result of the Grantee’s death; and (d) Five years from the Grant Date.