Common use of Termination Due to Disability Clause in Contracts

Termination Due to Disability. If Employee's employment by the Company terminates by reason of Disability, the Option shall become fully vested and exercisable and may thereafter be exercised by the Employee for a period of one year from the date of such termination or until the expiration of the Exercise Period, whichever period is shorter.

Appears in 7 contracts

Samples: Stock Option Agreement (Global Telecommunication Solutions Inc), Stock Option Agreement (Global Telecommunication Solutions Inc), Stock Option Agreement (Global Telecommunication Solutions Inc)

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Termination Due to Disability. If Employee's ’s employment by the Company or any of its Subsidiaries terminates by reason of Disability, the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of termination of employment may thereafter be exercised by the Employee or legal representative for a period of one year from the date of such termination or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option not yet exercisable as of the date of Disability, if any, shall immediately expire.

Appears in 5 contracts

Samples: Stock Option Agreement (Long Island Iced Tea Corp.), Stock Option Agreement (Thomas Philip J.), Stock Option Agreement (Thomas Philip J.)

Termination Due to Disability. If Employee's employment by the Company terminates by reason of DisabilityDisability (as such term is defined under the Plan), the Option shall become fully vested and exercisable and may thereafter be exercised by the Employee for a period of one year six months from the date of such termination or until the expiration of the Exercise Period, whichever period is shorter.

Appears in 4 contracts

Samples: Stock Option Agreement (Pre Cell Solutions Inc/), Stock Option Agreement (Pre Cell Solutions Inc/), Stock Option Agreement (Pre Cell Solutions Inc/)

Termination Due to Disability. If Employee's employment by the Company terminates by reason of Disabilitydisability (as such term is defined in the Plan), the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of disability may thereafter be exercised by the Employee for a period of one year from the date of such termination or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of termination shall immediately expire.

Appears in 3 contracts

Samples: Stock Option Agreement (Shochet Holding Corp), Stock Option Agreement (Quikbiz Internet Group Inc), Stock Option Agreement (Prime Cellular Inc)

Termination Due to Disability. If Employee's ’s employment by the Company terminates by reason of Disabilitydisability, the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of termination of employment may thereafter be exercised by the Employee for a period of one year from the date of such termination or until the expiration of the Exercise Period. The portion of the Option, whichever period is shorterif any, that was not exercisable as of the date of such termination of employment shall immediately expire on the date of such termination of employment.

Appears in 2 contracts

Samples: Stock Option Agreement (WisdomTree Investments, Inc.), Stock Option Agreement (WisdomTree Investments, Inc.)

Termination Due to Disability. If Employee's employment by the Company terminates by reason of Disabilitydisability, the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of disability may thereafter be exercised by the Employee for a period of one year from the date of such termination or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of termination shall immediately expire.

Appears in 2 contracts

Samples: Stock Option Agreement (Worlds Inc), Stock Option Agreement (Worlds Inc)

Termination Due to Disability. If Employee's employment by the Company terminates by reason of Disabilitydisability (as such term is defined in the Plan), the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of disability may thereafter be exercised by the Employee or legal representative for a period of one year from the date of such termination or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of termination shall immediately expire.

Appears in 2 contracts

Samples: 10 Stock Option Agreement (Gbi Capital Management Corp), Stock Option Agreement (Ladenburg Thalmann Financial Services Inc)

Termination Due to Disability. If Employee's employment by the Company terminates by reason of Disabilitydisability, the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of termination of employment may thereafter be exercised by the Employee for a period of one (1) year from the date of such the termination of employment or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of such termination of employment shall immediately expire on the date of such termination of employment.

Appears in 2 contracts

Samples: Stock Option Agreement (Individual Investor Group Inc), Stock Option Agreement (Individual Investor Group Inc)

Termination Due to Disability. If Employee's employment by the Company terminates by reason of DisabilityDisability (as such term is defined in the Plan), the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of termination of employment may thereafter be exercised by the Employee for a period of one year from the date of such the termination of employment or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of the termination of employment shall immediately terminate upon the termination of employment.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Individual Investor Group Inc), Incentive Stock Option Agreement (Enviro Recovery Inc)

Termination Due to Disability. If Employee's ’s employment by the Company terminates by reason of Disability, the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of termination of employment may thereafter be exercised by the Employee or legal representative for a period of one year six months from the date of such termination or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of disability shall immediately terminate upon disability.

Appears in 2 contracts

Samples: Stock Option Agreement (Mojo Organics, Inc.), Stock Option Agreement (Mojo Organics, Inc.)

Termination Due to Disability. If Employee's Gxxxxxx’s employment by the Company terminates by reason of Disability, the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of termination of employment may thereafter be exercised by the Employee Grantee or legal representative for a period of one year from the date of such termination or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of Disability shall immediately terminate upon disability.

Appears in 2 contracts

Samples: Stock Option Agreement (Lucid Diagnostics Inc.), Stock Option Agreement (PAVmed Inc.)

Termination Due to Disability. If Employee's employment by the Company terminates by reason of DisabilityDisability (as such term is defined in the Plan), the Option shall become fully vested and exercisable and may thereafter be exercised by the Employee for a period of one year from the date of such termination or until the expiration of the Exercise Period, whichever period is shorter.

Appears in 2 contracts

Samples: Form of Stock Option Agreement (Winstar Communications Inc), Stock Option Agreement (Winstar Communications Inc)

Termination Due to Disability. If EmployeeOptionee's employment by the Company terminates by reason of Disability, the Option shall become fully vested and exercisable and may thereafter be exercised by the Employee Optionee for a period of one year three years from the date of such termination or until the 2 expiration of the Exercise Period, whichever period is shorter.

Appears in 1 contract

Samples: Stock Option Agreement (Advanced Plant Pharmaceuticals Inc)

Termination Due to Disability. If EmployeeExecutive's employment or consultancy by the Company terminates by reason of Disabilitydisability (as such term is defined in the Employment Agreement), the Option shall become fully vested and exercisable and may thereafter be exercised by the Employee Executive or legal representative for a period of one year two years from the date of such termination or until the expiration of the Exercise Period, whichever period is shorter.

Appears in 1 contract

Samples: Stock Option Agreement (Kirlin Holding Corp)

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Termination Due to Disability. If Employee's employment by the Company terminates by reason of DisabilityDisability (as such term is defined under the Plan), the Option shall become fully vested and exercisable and may thereafter be exercised by the Employee for a period of one year from the date of such termination or until the expiration of the Exercise Period, whichever period is shorter.

Appears in 1 contract

Samples: Stock Option Agreement (Global Telecommunication Solutions Inc)

Termination Due to Disability. If Employee's employment by the Company terminates by reason of physical of mental impairment as determined under procedures established by the Committee for purposes of the Plan ("Disability"), the Option shall become fully vested and exercisable and may thereafter be exercised by the Employee or legal representative for a period of one year 12 months from the date of such termination or until the expiration of the Exercise Period, whichever period is shorter.

Appears in 1 contract

Samples: Stock Option Agreement (Cpi Aerostructures Inc)

Termination Due to Disability. If Employee's ’s employment by the Company terminates by reason of Disability, the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of termination of employment may thereafter be exercised by the Employee or legal representative for a period of one year 12 months from the date of such termination or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of disability shall immediately terminate upon disability.

Appears in 1 contract

Samples: Stock Option Agreement (Kitara Media Corp.)

Termination Due to Disability. If EmployeeOptionee's employment by the Company terminates by reason of Disability, the Option shall become fully vested and exercisable and may thereafter be exercised by the Employee Optionee for a period of one year three years from the date of such termination or until the expiration of the Exercise Period, whichever period is shorter.

Appears in 1 contract

Samples: Stock Option Agreement (Advanced Plant Pharmaceuticals Inc)

Termination Due to Disability. If the Employee's ’s employment by terminates as a result of the Company terminates by reason of Employee’s Disability, the Option shall become fully Employee may exercise the vested and exercisable and may thereafter be exercised by portion of the Employee for a Option, but only within such period of one year from time ending on the earlier of (a) the date 12 months following the Employee’s termination of such termination employment or until (b) the expiration of the Exercise Period, whichever period is shorterExpiration Date.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Finwise Bancorp)

Termination Due to Disability. If Employee's ’s employment by the Company terminates by reason of DisabilityDisability (as such term is defined in the Employment Agreement, dated as of October 13, 2006, between the Company and Employee (“Employment Agreement”)), the Option shall become fully vested and exercisable and may thereafter be exercised by the Employee for a period of one (1) year from the date of such termination of employment or until the expiration of the Exercise Period, whichever period is shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Movie Star Inc /Ny/)

Termination Due to Disability. If Employee's ’s employment by the Company terminates by reason of physical of mental impairment as determined under procedures established by the Committee for purposes of the Plan (‘‘Disability’’), the Option shall become fully vested and exercisable and may thereafter be exercised by the Employee or legal representative for a period of one year 12 months from the date of such termination or until the expiration of the Exercise Period, whichever period is shorter.

Appears in 1 contract

Samples: Stock Option Agreement (Cpi Aerostructures Inc)

Termination Due to Disability. If Employee's ’s employment by the Company terminates by reason of Disabilitydisability, the Option shall become fully vested and portion of the Option, if any, that was exercisable and as of the date of disability may thereafter be exercised by the Employee or legal representative for a period of one year from the date of such termination or until the expiration of the Exercise Period, whichever period is shorter. The portion of the Option, if any, that was not exercisable as of the date of termination shall immediately expire.

Appears in 1 contract

Samples: Stock Option Agreement (Ladenburg Thalmann Financial Services Inc)

Termination Due to Disability. If Employee's employment the Participant’s Employment is terminated by the Company terminates by reason due to disability, then any portion of Disability, the Option that is not then vested shall become immediately fully vested and exercisable, and the Option, to the extent outstanding on such termination date shall remain exercisable and may thereafter be exercised by within the Employee for a time period ending on the earlier of one year from (a) the date 12 months following the Participant’s termination of such termination Employment or until (b) the expiration of the Exercise Period, whichever period is shorterExpiration Date.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Green Mountain Coffee Roasters Inc)

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