Example ContractsClausesexercise periodVariants
Exercise Period
Exercise Period contract clause examples

Exercise Period Upon Death or Disability. If the Participant dies or becomes disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “cause” as specified in paragraph # below, this option shall be exercisable, within the period of one year following the date of death or disability of the Participant, by the Participant (or in the case of death by an authorized transferee), provided that this option shall be exercisable only to the extent that this option was exercisable by the Participant on the date of his or her death or disability, and further provided that this option shall not be exercisable after the Final Exercise Date.

Exercise after Death, Retirement, or Disability. If the Participant dies, Retires or becomes Totally and Permanently Disabled without having exercised this option in full, the remaining portion of this option, determined without regard to the limitations in [subsection 2(a)], may be exercised within the earlier of # three years from the date of death or Total and Permanent Disability or five years from the date of Retirement, as the case may be, or # the remaining period of this option. In the case of a Participant who dies, this option may be exercised by the person or persons to whom the Participant's rights under this option shall pass by will or by applicable law or, if no such person has such rights, by his executor or administrator.

Exercise after Death, Retirement, or Disability. If the Participant dies or becomes Totally and Permanently Disabled without having exercised this Option in full, the remaining portion of this Option, determined without regard to the limitations in [Subsection 2(a)], may be exercised within the earlier of # three years from the date of death or Total and Permanent Disability or # the remaining period of this Option. In the case of a Participant who dies, this Option may be exercised by the person or persons to whom the Participant's rights under this Option shall pass by will or by applicable law or, if no such person has such rights, by his executor or administrator. In the case of the Participant’s Retirement before the Participant has exercised this Option in full, then provided that, in the sole discretion of the Corporation, # no circumstances exist that could lead to a determination that the Participant should be, or could have been, terminated for Cause; and # the Participant has not engaged in conduct that would trigger the Committee’s right of recoupment under the Corporation's Recoupment Policy (as defined in Section 18 of this Award Agreement), the remaining portion of this Option, determined without regard to the limitations in [Subsection 2(a)], may be exercised within the earlier of # five years from the date of Retirement or # the remaining period of this Option.

Exercise after Death, Retirement, or Disability. If the Participant dies or becomes Totally and Permanently Disabled without having exercised this Option in full, the remaining portion of this Option, determined without regard to the limitations in [Subsection 2(a)], may be exercised within the earlier of # three years from the date of death or Total and Permanent Disability or # the remaining period of this Option. In the case of a Participant who dies, this Option may be exercised by the person or persons to whom the Participant's rights under this Option shall pass by will or by applicable law or, if no such person has such rights, by his executor or administrator. In the case of the Participant’s Retirement before the Participant has exercised this Option in full, then provided that, in the sole discretion of the Corporation, # no circumstances exist that could lead to a determination that the Participant should be, or could have been, terminated for Cause; and # the Participant has not engaged in conduct that would trigger the Committee’s right of recoupment under the Corporation's Recoupment Policy (as defined in Section 17 of this Award Agreement), the remaining portion of this Option, determined without regard to the limitations in [Subsection 2(a)], may be exercised within the earlier of # five years from the date of Retirement or # the remaining period of this Option.

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