America Online 2009 Annual Report Download - page 159

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Employment prior to the Expiration Date, is a Saturday, Sunday or other day that is not a trading day on the New York Stock Exchange (the "NYSE") or, if
the Company's Shares are not then listed on the NYSE, such other stock exchange or trading system that is the primary exchange on which the Company's
Shares are then traded, then the last day on which the Option may be exercised shall be the preceding trading day on the NYSE or such other stock exchange
or trading system.
(i) Death or Disability. If the Participant's Employment with the Company and its Affiliates terminates due to the Participant's death or Disability,
the Participant (or his or her representative) may exercise the Vested Portion of the Option for a period ending on the earlier of (A) three (3) years
following the date of such termination and (B) the Expiration Date;
(ii) Retirement. If the Participant's Employment with the Company and its Affiliates terminates due to the Participant's Retirement, the Participant
may exercise the Vested Portion of the Option for a period ending on the earlier of (A) five (5) years following the date of such termination and (B) the
Expiration Date; provided, that if the Company or any Affiliate has given the Participant notice that the Participant's Employment is being terminated
for Cause prior to the Participant's election to terminate due to the Participant's Retirement, then the provisions of Section 4(a)(v) shall control;
(iii) Unsatisfactory Performance; Voluntary Termination without Good Reason. If the Participant's Employment with the Company and its
Affiliates is terminated by the Company or an Affiliate (other than after a Change in Control as set forth in Section 4(a)(vi)) for unsatisfactory
performance, but not for Cause (as determined in its sole discretion by the Company or any Affiliate), or the Participant voluntarily terminates
Employment at any time without Good Reason, the Participant may exercise the Vested Portion of the Option for a period ending on the earlier of
(A) three months following the date of such termination and (B) the Expiration Date; provided, that if Participant satisfies the age and service
requirements described in the definition of "Retirement," then the provisions of Section 4(a)(ii) shall control; provided further, that if the Company or
any Affiliate has given the Participant notice that the Participant's Employment is being terminated for Cause prior to the Participant's election to
voluntarily terminate Employment without Good Reason, then the provisions of Section 4(a)(v) shall control;
(iv) Termination other than for Cause. Subject to the provision of Section 4(a)(vi), if the Participant's Employment with the Company and its
Affiliates is terminated by the Company or an Affiliate for any reason other than by the Company or its Affiliates for Cause, unsatisfactory performance
or due to the Participant's death or Disability, the Participant may exercise the Vested Portion of the Option for a period ending on the earlier of (A) one
year following the date of such termination and (B) the Expiration Date; provided that if Participant satisfies the age and service requirements described
in the definition of "Retirement," then the provisions of Section 4(a)(ii) shall control;