If a Player drafted at age 18 or 19 is a bona fide college student at the time
of his selection in the Entry Draft, or becomes a bona fide college student
prior to the first June 1 following his selection in the Entry Draft, and does
not remain a bona fide college student through the graduation of his
college class, his drafting Club shall retain exclusive rights for the
negotiation of his services until the later of: (a) the fourth June 1 following
his selection in the Entry Draft, or (b) thirty (30) days after NHL Central
Registry receives notice that the Player is no longer a bona fide college
student; provided that if the Player ceases to be a bona fide college student
on or after January 1 of an academic year and the Player: (1) is in his
fourth year of college and has commenced his fourth year of NCAA
eligibility, or (2) is in his fourth year of college and is scheduled to
graduate from college at the end of his fourth year, then in the
circumstances described in (1) or (2), the Club shall retain the exclusive
right of negotiation for such Player's services through and including the
August 15 following the date on which he ceases to be a bona fide college
student. The Club need not make a Bona Fide Offer to such Player to
retain such rights.