Common use of Waiting Period and Exercise Dates Clause in Contracts

Waiting Period and Exercise Dates. The SAR Shares may not be exercised during the one-year period following the Grant Date (the “waiting period”). Following the waiting period, the SAR Shares may be exercised in accordance with the following schedule: 25% of the SAR Shares commencing on each of the first, second, third and fourth one-year anniversaries of the Grant Date. To the extent that the SARs are not exercised by Employee when they become initially exercisable, the SARs shall not expire but shall be carried forward and shall be exercisable at any time thereafter; provided, however, that the SARs shall not be exercisable after the expiration of ten (10) years from the Grant Date or sooner as set forth in paragraph 9, if applicable. Exercise of the SARs shall not be dependent upon the prior or sequential exercise of any other SARs heretofore granted to Employee by the Company. Except as provided in Article 6 of the Plan and Paragraph 9 below, the SARs may not be exercised at any time unless Employee shall then be an employee of the Company.

Waiting Period and Exercise Dates. The SAR Shares may not be exercised during the one-year period following the Grant Date (the “waiting period”). Following the waiting period, all or a portion of the SAR Shares may be exercised in accordance with the following schedule: 25% of the SAR Shares commencing on each of the first, second, third and fourth one-year anniversaries of the Grant Dateexercised. To the extent that the SARs are not exercised by Employee Director when they become initially exercisable, the SARs shall not expire but shall be carried forward and shall be exercisable at any time thereafter; provided, however, that the SARs shall not be exercisable after the expiration of ten (10) years from the Grant Date or sooner as set forth in paragraph 9, if applicable. Exercise of the SARs shall not be dependent upon the prior or sequential exercise of any other SARs heretofore granted to Employee Director by the Company. Except as provided in Article 6 of the Plan and Paragraph 9 below, the SARs may not be exercised at any time unless Employee Director shall then be an employee a Director of the Company.

Waiting Period and Exercise Dates. The SAR Shares may not be exercised during the one-year period following the Grant Date (the “waiting period”). Following the waiting period, all or a portion of the SAR Shares may be exercised in accordance with the following schedule: 25% of the SAR Shares commencing on each of the first, second, third and fourth one-year anniversaries of the Grant Dateexercised. To the extent that the SARs are SAR is not exercised by Employee the Director when they become it becomes initially exercisable, the SARs SAR shall not expire but shall be carried forward and shall be exercisable at any time thereafter; provided, however, that the SARs SAR shall not be exercisable after the expiration of ten (10) years from the Grant Date or sooner as set forth in paragraph 9, if applicable. Exercise of the SARs SAR shall not be dependent upon the prior or sequential exercise of any other SARs heretofore granted to Employee Director by the Company. Except as provided in Article 6 of the Plan and Paragraph 9 below, the SARs SAR may not be exercised at any time unless Employee the Director shall then be an employee a Director of the Company.

Waiting Period and Exercise Dates. The SAR Shares may not be exercised during the one-year period following the Grant Award Date (the “waiting period”). Following the waiting period, the SAR Shares may be exercised in accordance with the following schedule: 25% of the SAR Shares commencing on each of the first, second, third and fourth one-year anniversaries of the Grant Award Date. To the extent that the SARs are not exercised by Employee when they become initially exercisable, the SARs shall not expire but shall be carried forward and shall be exercisable at any time thereafter; provided, however, that the SARs shall not be exercisable after the expiration of ten (10) years from the Grant Award Date or sooner as set forth in paragraph 9, if applicable. Exercise of the SARs shall not be dependent upon the prior or sequential exercise of any other SARs heretofore granted to Employee by the Company. Except as provided in Article 6 of the Plan and Paragraph 9 below, the SARs may not be exercised at any time unless Employee shall then be an employee of the Company.

Waiting Period and Exercise Dates. The SAR Shares may not be exercised during the one-year period following the Grant Date (the “"waiting period”"). Following the waiting period, all or a portion of the SAR Shares may be exercised in accordance with the following schedule: 25% of the SAR Shares commencing on each of the first, second, third and fourth one-year anniversaries of the Grant Dateexercised. To the extent that the SARs are not exercised by Employee Director when they become initially exercisable, the SARs shall not expire but shall be carried forward and shall be exercisable at any time thereafter; provided, however, that the SARs shall not be exercisable after the expiration of ten (10) years from the Grant Date or sooner as set forth in paragraph 9, if applicable. Exercise of the SARs shall not be dependent upon the prior or sequential exercise of any other SARs heretofore granted to Employee Director by the Company. Except as provided in Article 6 of the Plan and Paragraph 9 below, the SARs may not be exercised at any time unless Employee shall then be an employee of the Company.

Waiting Period and Exercise Dates. The SAR Shares may not be exercised during prior to the one-year period following the Grant Date first exercisable date below (the “"waiting period”"). Following the waiting period, the SAR Shares may be exercised in accordance with the following schedule: 25% of the SAR Shares commencing on each of the first, second, third and fourth one-year anniversaries of the Grant Date#firstexercisedate#. To the extent that the SARs are not exercised by Employee Director when they become initially exercisable, the SARs shall not expire but shall be carried forward and shall be exercisable at any time thereafter; provided, however, that the SARs shall not be exercisable after the expiration of ten (10) years from the Grant Date (the “Final Expiration Date”) or sooner as set forth in paragraph 97, if applicable. Exercise of the SARs shall not be dependent upon the prior or sequential exercise of any other SARs heretofore granted to Employee Director by the Company. Except as provided in Article 6 of the Plan and Paragraph 9 below, the SARs may not be exercised at any time unless Employee shall then be an employee of the Company.