In the event of Your death, disability, or retirement on or after age 62, Your vested Stock Options will remain exercisable until the Expiration Date. In the event of Your Qualifying Termination, Your vested Stock Options will remain exercisable until the earlier of # 90 days following the later of Your date of employment termination or the Vesting Date, or # the Expiration Date. In the event of Your termination for Cause, all of Your Stock Options (whether then vested or unvested) shall be immediately forfeited and cancelled.
In the event of Your death, disability, or retirement on or after age 62,in the event of a termination of Your employment without Cause, Your vested and exercisable Stock Options will remain exercisableoutstanding until the Expiration Date. In the event of Your Qualifying Termination, Your vested Stock Options will remain exercisable until the earlier of # 90 days following the later of Your date of employment termination or the Vesting Date, or # the Expiration Date. In the event of Your termination for Cause, all of Your Stock Options (whether then vested or unvested) shall be immediately forfeited and cancelled. In the event of Your resignation for any reason, all of Your unvested Stock Options shall be immediately forfeited and cancelled.
Unless otherwise determined by the event of Your death, disability, or retirement onCommittee at or after age 62, Your vestedgrant, if a Participant’s employment by the Company or any Subsidiary of the Company terminates for any reason other than death, Disability or Retirement, the Stock OptionsOption will remaincease vesting as of the date of such termination of employment, and the Stock Option will terminate on the earlier to occur of the stated expiration date or 90 days after termination of the employment. If a Participant dies during the 90 day period following the termination of the employment or business relationship, any unexercised Stock Option held by the Participant, or Transferred by the Participant in accordance with [Section 5.6], shall be exercisable, to the full extent that such Stock Option was exercisable at the time of death, for a period of one year after the date of death of the Participant or until the Expiration Date. Inexpiration of the eventstated term of Your Qualifying Termination, Your vestedthe Stock Options will remain exercisable until the earlier of # 90 days following the later of Your date of employment termination or the Vesting Date, or # the Expiration Date. In the event of Your termination for Cause, all of Your Stock Options (whether then vested or unvested) shall be immediately forfeited and cancelled.Option, whichever occurs first.
InTermination of Employment: Upon death, Disability or Retirement, all unvested stock options become fully exercisable for their remaining term. Upon termination due to involuntary termination without cause, holder may exercise stock options for three months following termination, but only to the eventextent they were vested at the time of Your death, disability, or retirement on or after age 62, Your vested Stock Options will remain exercisable until the Expiration Date. In the event of Your Qualifying Termination, Your vested Stock Options will remain exercisable until the earlier of # 90 days following the later of Your date of employmenttermination. Upon voluntary termination or the Vesting Date, or # the Expiration Date. In the event of Your termination for Cause, all of Your Stock Options (whether then vested or unvested) shall be immediately forfeited and cancelled.with cause, unexercised stock options are forfeited.
Termination of Employment Due to Death, Disability or Retirement. In the event the employment of Youra Participant with the Company is terminated by reason of death, disability,Disability, or retirement on or after age 62, Your vested StockRetirement, any outstanding Options will remainshall vest 100% and be deemed exercisable untilin full as of such termination. Such options may be exercised at any time prior to the Expiration Date. In the event of Your Qualifying Termination, Your vested Stock Options will remain exercisable until the earlier of # 90 days following the later of Yourexpiration date of employmentthe Options or within three years after such date of termination, whichever period is the shorter. However, in the case of Incentive Stock Options, the favorable tax treatment prescribed under Section 422 of the Code shall not be available if such options are not exercised within three months after date of termination, or twelve months in the case of Disability, provided such Disability constitutes total and permanent disability as defined in Section 22(e)(3) of the Code. If an Incentive Stock Option is not exercised within three months of termination or the Vesting Date, or # the Expiration Date. In the event of Your termination for Cause, all of Your Stock Options (whether then vested or unvested)due to Retirement, it shall be immediately forfeited and cancelled.treated as a Nonstatutory (Nonqualified) Stock Option for the remainder of its allowable exercise period.
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