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TerminationofEmployment(1)willvestandbecomeexercisable,ifapplicable,underSection4(d)(iv)aboveinthesame
mannerandtothesameextentasiftheParticipant’semploymenthadcontinuedand(2)theentirethenexercisableportionof
theOption,asapplicable,shallbeexercisableduringtheperiod:(I)beginningontheapplicableOptionInstallmentVesting
Dateand(II)endingontheearlierof(x)thelaterofthethirdanniversaryof(i)suchTerminationofEmploymentor(ii)the
applicableOptionInstallmentVestingDateor(y)theExpirationDate.UponaParticipant’sTerminationofEmploymentby
theCompanywithoutCauseorbytheParticipantforGoodReason,anyportionoftheOptionthatisnotexercisableatthe
timeofsuchTerminationofEmployment,otherthantheProRataOptionPortion,shallbeimmediatelyforfeited.
“ProRataOptionPortion”means,withrespecttoanyOptionInstallmentthatisnotexercisableatthetimeofa
Participant’sTerminationofEmployment,thenumberofSharescoveredbysuchOptionInstallmentmultipliedbyafraction
(i)thenumeratorofwhichisthenumberofcalendarmonthsfromtheGrantDatetothedateofsuchTerminationof
Employment,roundedupforanypartialmonthand(ii)thedenominatorofwhichistwelve(12)fortheFirstOption
Installment,twenty–four(24)fortheSecondOptionInstallment,andthirty-six(36)fortheThirdOptionInstallment.7
(B)VoluntaryResignation.UponaParticipant’sTerminationofEmploymentbyreasonofavoluntaryresignation
(otherthanforGoodReasonorRetirement):(1)anyportionoftheOptionthatisnotexercisableatthetimeofsuch
TerminationofEmploymentshallbeimmediatelyforfeitedand(2)anyportionoftheOptionthatisexercisableatthetimeof
suchTerminationofEmploymentshallremainexercisableuntiltheearlierof(I)90daysaftersuchTerminationof
Employmentor(II)theExpirationDate.
(C)Retirement.SubjecttoSection4(d)(v)(F)below,uponaParticipant’sTerminationofEmploymentbyreasonof
Retirement,subjecttotheParticipant’sexecutionofawaiverandreleaseofclaimsinaformandmannersatisfactorytothe
Company,theProRataOptionPortionofanyOptionInstallmentthatisnotexercisableatthetimeofsuchTerminationof
Employment(1)willvestandbecomeexercisable,ifapplicable,underSection4(d)(iv)aboveinthesamemannerandtothe
sameextentasiftheParticipant’semploymenthadcontinuedand(2)theentirethenexercisableportionoftheOptionshallbe
exercisableduringtheperiod:(I)beginningontheapplicableOptionInstallmentVestingDateand(II)endingontheearlier
of(x)thelaterofthethirdanniversaryof(i)suchTerminationofEmploymentor(ii)theapplicableOptionInstallment
VestingDateor(y)theExpirationDate.ProRataOptionPortionhasthemeaningsetforthinSection2(a)above.Uponthe
Participant’sTerminationofEmploymentbyreasonofRetirement,anyportionoftheOptionthatisnotexercisableatthe
timeofsuchtermination,otherthantheProRataOptionPortion,shallbeimmediatelyforfeited.
(D)DeathorDisability.UponaParticipant’sTerminationofEmploymentduetodeathorDisability,anyOption
InstallmentthatisnotexercisableatthetimeofsuchTerminationofEmploymentshallvestandbecomeexercisableandthe
thenexercisableportionoftheOptionshallbeexercisableduringtheperiod:(1)beginningonthedateofsuchTerminationof
Employmentand(2)endingontheearlierof(I)thethirdanniversaryofsuchTerminationofEmploymentor(II)the
ExpirationDate.
7IfthisformularesultsinanyfractionalShare,theProRataOptionPortionwillberoundeduptothenearestwholeShare.
13
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