Termination Retirement Disability or Death Clause Example from Business Contracts

Termination Retirement Disability or Death. The Option will vest and remain exercisable as follows: Event Vesting Exercise Death Immediate vesting as of death. Expires on the original expiration date. Disability Immediate vesting as of incurrence of Disability. Expires on the original expiration date. Retirement (Termination of Employment (other than for Cause) because of retirement from active employment on or after age 65 and 10 Years of Service) Unvested Awards vest on scheduled dates specified in Section 3 following Retirement. Expire...s earlier of (i) original expiration date, or (ii) three (3) years after Retirement. Voluntary termination Unvested Awards forfeited as of Termination of Employment. Expires 90 days after Termination of Employment. Involuntary termination for Cause Unvested Awards forfeited as of Termination of Employment. Vested Awards forfeited as of Termination of Employment. Involuntary termination not for Cause Unvested Awards vest on scheduled dates specified in Section 3 occurring within six (6) months following Termination of Employment. Expires earlier of (i) original expiration date, or (ii) one (1) year after Termination of Employment. Except as expressly provided herein, all rights hereunder shall cease to accrue as of the date of your Termination of Employment with the Company and its Affiliates. Further, you will not be entitled to receive additional awards hereunder after Termination of Employment. View More