Common use of Retirement or Disability Clause in Contracts

Retirement or Disability. If your employment with the Company (or a subsidiary thereof) is terminated by reason of your disability, you may exercise this option within one year from the date of termination to the extent this option was exercisable on the date of termination; provided, however, that such exercise occurs on or prior to Expiration Date.

Appears in 2 contracts

Samples: Employment Agreement (Biolife Solutions Inc), Employment Agreement (Biolife Solutions Inc)

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Retirement or Disability. If your employment with the Company (or a subsidiary thereofSubsidiary) is terminated by reason of your disabilityDisability or Normal or Early Retirement, you may exercise that portion of this option within one year from Option which was exercisable by you at the date of such termination to the extent this option was exercisable on at any time within three years of the date of such termination; provided, however, that such exercise occurs on or prior within 10 years of the date this Option was granted to Expiration Dateyou.

Appears in 1 contract

Samples: Community First Inc

Retirement or Disability. If your employment with the Company (or a subsidiary thereof) is terminated by reason of your disabilitydisability or retirement at age 65, you may exercise this option within three months from the date of termination due to retirement or within one year from the date of termination due to disability to the extent this option was exercisable on the date of termination; provided, however, that such exercise occurs on or prior to Expiration Datemust occur not later than [ ].

Appears in 1 contract

Samples: Option Agreement (Nastech Pharmaceutical Co Inc)

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Retirement or Disability. If your employment with the Company (or a subsidiary thereofSubsidiary) is terminated by reason of your disabilitydisability or early or normal retirement, you may exercise that portion of this option within one year from Option which was exercisable by you at the date of such termination to the extent this option was exercisable on at any time within three years of the date of termination; such termination provided, however, that such exercise occurs on or prior within 10 years of the date this Option was granted to Expiration Dateyou.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Coventry Health Care Inc)

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