Termination for Retirement. In the event Optionee’s employment is terminated by Optionee’s Retirement, all outstanding unvested Options shall be forfeited and all vested Options shall remain exercisable at any time prior to the end of the Exercise Term or for one (1) year after the date of Retirement, whichever period is shorter.
Appears in 4 contracts
Samples: Option Agreement (Hancock Fabrics Inc), Nonqualified Stock Option Agreement (Hancock Fabrics Inc), Nonqualified Stock Option Agreement (Hancock Fabrics Inc)
Termination for Retirement. In If the event Optionee’s employment with the Company is terminated by Optionee’s reason of Retirement, all outstanding unvested Options shall be forfeited expire, and all any Options vested Options as of his date of termination shall remain exercisable at any time prior to the end of the Exercise Term Term, or for one (1) year after the date of Retirement, whichever period is shorter.
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Internet Security Systems Inc/Ga), Incentive Stock Option Agreement (Internet Security Systems Inc/Ga)
