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GWW » Topics » Accrual of Right at Date of Termination

This excerpt taken from the GWW 10-Q filed Aug 2, 2006.
Accrual of Right at Date of Termination. The Participant shall have the right to exercise an Option or SAR as indicated in Sections 11.1, 11.2, and 11.3 only to the extent the Participant’s right to exercise such Option or SAR had accrued at the date of termination of employment pursuant to the terms of the Option or SAR Agreement and had not previously been exercised.

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