SU » Topics » 3.8 Retirement of Participant

This excerpt taken from the SU 6-K filed May 1, 2009.

3.8   Retirement of Participant

        If a Participant's employment with the Company or any Associated Company or appointment as a Director is terminated by reason of Retirement, all Options and/or SARs held by the Participant shall become exercisable on the effective date of Retirement. The right to exercise any such Options and/or SARs held by the Participant shall terminate upon the earlier of: (i) a period of thirty-six (36) months from the effective date of Retirement; and (ii) the expiration of the Exercise Term of the particular Option and/or SAR.

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