Alaska Airlines and Horizon Air 2010 Annual Report Download - page 102

(b) the designation of a beneficiary to receive benefits in the event of the
participant’s death or, if the participant has died, transfers to or exercise
by the participant’s beneficiary, or, in the absence of a validly designated
beneficiary, transfers by will or the laws of descent and distribution,
(c) subject to any applicable limitations on ISOs, transfers to a family member
(or former family member) pursuant to a domestic relations order if
approved or ratified by the Administrator,
(d) if the participant has suffered a disability, permitted transfers or exercises
on behalf of the participant by his or her legal representative, or
(e) the authorization by the Administrator of “cashless exercise” procedures
with third parties who provide financing for the purpose of (or who
otherwise facilitate) the exercise of awards consistent with applicable laws
and the express authorization of the Administrator.
5.8 International Awards. One or more awards may be granted to Eligible Persons who
provide services to the Company or one of its Subsidiaries outside of the United
States. Any awards granted to such persons may be granted pursuant to the terms
and conditions of any applicable sub-plans, if any, appended to this Plan and
approved by the Administrator.
6. EFFECT OF TERMINATION OF EMPLOYMENT OR SERVICE ON AWARDS
6.1 General. The Administrator shall establish the effect of a termination of employment
or service on the rights and benefits under each award under this Plan and in so
doing may make distinctions based upon, inter alia, the cause of termination and
type of award. If the participant is not an employee of the Company or one of its
Subsidiaries and provides other services to the Company or one of its Subsidiaries,
the Administrator shall be the sole judge for purposes of this Plan (unless a contract
or the award otherwise provides) of whether the participant continues to render
services to the Company or one of its Subsidiaries and the date, if any, upon which
such services shall be deemed to have terminated.
6.2 Events Not Deemed Terminations of Service. Unless the express policy of the
Company or one of its Subsidiaries, or the Administrator, otherwise provides, the
employment relationship shall not be considered terminated in the case of (a) sick
leave, (b) military leave, or (c) any other leave of absence authorized by the Company
or one of its Subsidiaries, or the Administrator; provided that, unless reemployment
upon the expiration of such leave is guaranteed by contract or law or the
Administrator otherwise provides, such leave is for a period of not more than three
months. In the case of any employee of the Company or one of its Subsidiaries on an
approved leave of absence, continued vesting of the award while on leave from the
employ of the Company or one of its Subsidiaries may be suspended until the
employee returns to service, unless the Administrator otherwise provides or
applicable law otherwise requires. In no event shall an award be exercised after the
expiration of the term set forth in the applicable award agreement.
6.3 Effect of Change of Subsidiary Status. For purposes of this Plan and any award, if an
entity ceases to be a Subsidiary of the Company a termination of employment or
service shall be deemed to have occurred with respect to each Eligible Person in
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