Common use of DISABILITY OR DISABILITY RETIREMENT Clause in Contracts

DISABILITY OR DISABILITY RETIREMENT. If the Optionee terminates employment with the Corporation on his Disability Retirement Date, the Expiration Date for exercising his vested options under this Agreement shall be the last day of the 36th month after the end of the month in which the Optionee's Disability Retirement Date occurs. If the Optionee has a Disability before the 90th day after terminating employment with the Corporation (for reasons other than having reached his Normal Retirement Date, Early Retirement Date, or Disability Retirement Date) and such Disability continues through the end of the initial 90-day period, the Expiration Date for exercising his vested options under this Agreement shall be the last day of the 36th month after the end of the month in which the Optionee's Disability occurs. (e)

DISABILITY OR DISABILITY RETIREMENT. If the Optionee terminates employment with the Corporation on his Disability Retirement Date, the Expiration Date for exercising his vested options under this Agreement shall be the last day of the 36th month after the end of the month in which the Optionee's Disability Retirement Date occurs. If the Optionee has a Disability before the 90th day after terminating employment with the Corporation (for reasons other than having reached his Normal Retirement Date, Early Retirement Date, or Disability Retirement Date) and such Disability continues through the end of the initial 90-day period, the Expiration Date for exercising his vested options under this Agreement shall be the last day of the 36th month after the end of the month in which the Optionee's Disability occurs. (e).