Disability or Retirement of Optionee. In the event that an Optionee shall cease to be employed by the Company due to the Optionee's Disability or Retirement, then each option held by the Optionee may be exercised by the Optionee to the extent that such option was exercisable at the tirne of such termination of employment at any time during the remainder of the calendar year which includes the date of such termination.
Disability or Retirement of Optionee. In the event that an Optionee (other than an Optionee who is a non-employee Director of the Company) shall cease to be Employed by the Company (as defined in the Plan) due to the Optionee's Disability or Retirement (each as defined in the Plan), then each option then held by the Optionee may be exercised by the Optionee (or by his successor, in the event of the Optionee's death or legal incapacity), to the extent that such option was exercisable at the time of such termination of Employment (and subject to Section 7(c) and Section 14 hereof), at any time during a period of one (1) year following the date of such termination.
Disability or Retirement of Optionee. If the Optionee ceases to be a Service Provider as a result of the Optionee's Disability or the Optionee's retirement after age 55, the Option (to the extent exercisable pursuant to Section 3 above as of the date of the Optionee's termination) shall remain exercisable for twelve months following the date of the Optionee's termination.
Disability or Retirement of Optionee. If the Optionee’s service with the Company or any Subsidiary terminates as a result of his or her Disability or Retirement, the Optionee may exercise the Option, within 36 months from the Termination Date (and in no event later than the Expiration Date), provided, however, that with respect to any Incentive Stock Option that shall remain in effect after an Optionee’s Disability or Retirement, such Incentive Stock Option shall cease to be treated as an Incentive Stock Option and shall be treated as a Non-Qualified Stock Option on the day that is one (1) year and one (1) day following the Optionee’s Disability or three (3) months and one (1) day following the Optionee’s Retirement. If the Option is not exercised to the extent so entitled within the time specified in this Section 7, the Option shall terminate.
Disability or Retirement of Optionee. In the event that an Optionee (other than an Optionee who is a non-employee Director of the Company) shall cease to be employed by, or performing services for, the Company, in accordance with Section 10 hereof due to the Optionee's disability or retirement (as contemplated by Paragraph 5(e)(iii)(B) of the Plan), then each option then held by the Optionee may be exercised by the Optionee (or by his successor, in the event of the Optionee's death or legal incapacity), to the extent that such option was exercisable at the time of such termination of employment (and subject to Section 7(c) and Section 14 hereof), at any time during a period of one (1) year following the date of such termination.
