Example ContractsClausesexercise of optionsVariants
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Exercise of Options. Each Stock Option Agreement shall set forth the extent to which the Optionee shall have the right to exercise the Option following termination of the Optionee’s Service with the Company and its Subsidiaries, and the right to exercise the Option of any executors or administrators of the Optionee’s estate or any person who has acquired such Option(s) directly from the Optionee by bequest or inheritance. Such provisions shall be determined in the sole discretion of the Committee, need not be uniform among all Options issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination of Service.

Exercise of Options. EachSubject to Section 5(c), each Stock Option Award Agreement shall set forth the extent to which the OptioneeParticipant shall have the right to exercise the Option following termination of the Optionee’Participant’s Service with the Company and its Subsidiaries, and the right to exercise the Option of any executors or administrators of the Optionee’Participant’s estate or any person who has acquired such Option(s) directly from the OptioneeParticipant by bequest or inheritance. Such provisions shall be determined in the sole discretion of the Committee, need not be uniform among all Options issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination of Service.

Exercise of Options.TERMINATION OF EMPLOYMENT. Each Stock Option Award Agreement shall set forth the extent to which the OptioneeParticipant shall have the right to exercise the Option following termination of the Optionee’Participant's Serviceemployment with (or service to) the Company andand/or its Subsidiaries, and the right to exercise the Option of any executors or administrators of the Optionee’s estate or any person who has acquired such Option(s) directly from the Optionee by bequest or inheritance.Subsidiaries. Such provisions shall be determined in the sole discretion of the Committee, shall be included in the Award Agreement entered into with each Participant, need not be uniform among all Options issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination of Service.employment or service.

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