C » Topics » (c) Approved Personal Leave of Absence (Non-Statutory Leave).

This excerpt taken from the C 10-Q filed Nov 6, 2009.

(c) Approved Personal Leave of Absence (Non-Statutory Leave).

 

(i) A [restricted or deferred stock award][deferred cash award] will continue to vest on schedule during the first six months of Participant’s personal leave of absence, provided that Participant’s leave of absence was approved by management of Participant’s business unit in accordance with the leave of absence policies applicable to Participant (an “approved personal leave of absence”).  Any unvested [restricted or deferred stock][deferred cash award] will be canceled as soon as the approved personal leave of absence has exceeded six months.

 

[(ii) An Option will continue to vest on schedule during the first six months of an approved personal leave of absence.  Vested Option shares may be exercised during the first six months of an approved personal leave of absence (but not later than the Option expiration date).  All [unvested][unexercised] Option shares will be canceled as soon as the approved personal leave of absence has exceeded six months.]

 

(iii) If Participant terminates employment for any reason during the first six months of an approved personal leave of absence[, or if on or prior to such time Participant satisfies the conditions of Section 6(j), (k) or (l)], then such applicable provisions of this Section 6 will apply.  [For purposes of Section 6(j), (k) and (l), Participant’s employment will be deemed to have terminated as of the date that an approved personal leave of absence exceeds six months.]

 

These excerpts taken from the C 8-K filed Jan 21, 2009.
(c) Approved Personal Leave of Absence (Non-Statutory Leave).  Participation in the Program will continue during the first six months of Participant’s personal leave of absence, provided that Participant’s leave of absence was approved by management of Participant’s business unit in accordance with the leave of absence policies applicable to Participant (an “approved personal leave of absence”).  Any unvested portion of the Award will be canceled as soon as the approved personal leave of absence has exceeded six months.  Any previously vested shares, and accrued dividend equivalents, if applicable (less appropriate withholdings for the payment of taxes), will be distributed to Participant on the 30th day after the Award Termination Date.

(c) Approved Personal Leave of Absence (Non-Statutory Leave).  The Option will continue to vest on schedule during the first six months of an approved personal leave of absence, and if vested, may be exercised (but not later than the Option expiration date), subject to satisfaction of the Grant Price Exercise Condition.  All unvested Option shares will be canceled as soon as the approved personal leave of absence has exceeded six months, but vested Option shares may be exercised, subject to satisfaction of the Grant Price Exercise Condition, until no later than the Option expiration date.

This excerpt taken from the C 10-Q filed Oct 31, 2008.

(c) Approved Personal Leave of Absence (Non-Statutory Leave).

 

(i) A restricted or deferred stock award [deferred cash award] will continue to vest on schedule during the first six months of Participant’s personal leave of absence, provided that Participant’s leave of absence was approved by management of Participant’s business unit in accordance with the leave of absence policies applicable to Participant (an “approved personal leave of absence”).  Any unvested

 

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restricted or deferred stock [deferred cash award] will be canceled as soon as the approved personal leave of absence has exceeded six months.

 

[(ii) An Option will continue to vest on schedule during the first six months of an approved personal leave of absence.  Vested Option shares may be exercised during the first six months of an approved personal leave of absence (but not later than the Option expiration date).  All unexercised Option shares will be canceled as soon as the approved personal leave of absence has exceeded six months.]

 

(iii) If Participant terminates employment for any reason during the first six months of an approved personal leave of absence[, or if on or prior to such time Participant satisfies the conditions of Section 6(j), (k) or (l)], then such applicable provisions of this Section 6 will apply.  [For purposes of Section 6(j), (k) and (l), Participant’s employment will be deemed to have terminated as of the date that an approved personal leave of absence exceeds six months.]

 

This excerpt taken from the C 10-Q filed Aug 3, 2007.

(c)           Approved Personal Leave of Absence (Non-Statutory Leave).

(i) An Award will continue to vest on schedule during the first six months of Participant’s personal leave of absence, provided that Participant’s leave of absence was approved by management of Participant’s business unit in accordance with the leave of absence policies applicable to Participant (an “approved personal leave of absence”).  An Award will be canceled as of the date that the approved personal leave of absence has exceeded six months if such date occurs prior to the Vesting Date.

(ii) If Participant’s employment terminates for any reason during the first six months of an approved personal leave of absence, then the applicable subsection of this Section 3 will apply.

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