Common use of Termination of Employment by Reason of Death or Disability Clause in Contracts

Termination of Employment by Reason of Death or Disability. If a Termination of Employment occurs by reason of death or Disability prior to the vesting in full of the Option, but at least six (6) months from the Grant Date, then any unvested portion of the Option shall vest upon and become exercisable in full from and after such death or Disability. The Option may thereafter be exercised by the Awardee, any transferee of Awardee, if applicable, or by the legal representative of the estate or by the legatee of Awardee under the will of Awardee from the date of such death or Disability until the Grant Expiration Date.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (Cardinal Health Inc), Nonqualified Stock Option Agreement (Cardinal Health Inc), Nonqualified Stock Option Agreement (Cardinal Health Inc)

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Termination of Employment by Reason of Death or Disability. If a Termination of Employment of Awardee occurs by reason of death or Disability prior to the vesting in full of the Option, but at least six (6) months from the Grant Date, then any unvested portion of the Option shall vest upon and become exercisable in full from and after such death or Disability. The Option may thereafter be exercised by the Awardee, any transferee of Awardee, if applicable, or by the legal representative of the estate or by the legatee of Awardee under the will of Awardee from the date of such death or Disability until the Grant Expiration Date.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (CAREFUSION Corp), Employment Agreement (CareFusion Corp), Carefusion Corporation (CAREFUSION Corp)

Termination of Employment by Reason of Death or Disability. If a Termination of Employment occurs by reason of death or Disability prior to the vesting in full of the Option, but at least six (6) months from the Grant Date, then any unvested portion of the Option shall vest vests upon and become becomes exercisable in full from and after such death or Disability. The Option may thereafter be exercised by the Awardee, any transferee of Awardee, if applicable, or by the legal representative of the estate or by the legatee of Awardee under the will of Awardee from the date of such death or Disability until the Grant Expiration Date.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Cardinal Health Inc), Nonqualified Stock Option Agreement (Cardinal Health Inc), Nonqualified Stock Option Agreement (Cardinal Health Inc)

Termination of Employment by Reason of Death or Disability. If a Termination of Employment occurs by reason of death occurs after the Grant Date or a Termination of Employment by reason of Disability prior to the vesting in full of the Option, but occurs at least six (6) months from after the Grant Date, then any outstanding unvested portion of the Option shall vest vests upon and become becomes exercisable in full from and after such death or DisabilityTermination of Employment. The entire Option (including previously vested but unexercised portions) may thereafter be exercised by the Awardee, any transferee of Awardee, if applicable, or by the legal representative of the estate or by the legatee of Awardee under the will of Awardee from the date of such death or Disability Termination of Employment until the Grant Expiration Date.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Cardinal Health Inc), Nonqualified Stock Option Agreement (Cardinal Health Inc)

Termination of Employment by Reason of Death or Disability. If a Termination of Employment occurs by reason of death occurs after the Grant Date or a Termination of Employment by reason of Disability prior to the vesting in full of the Option, but occurs at least six (6) 6 months from after the Grant Date, then any outstanding unvested portion of the Option shall vest vests upon and become becomes exercisable in full from and after such death or DisabilityTermination of Employment. The entire Option (including previously vested but unexercised portions) may thereafter be exercised by the Awardee, any transferee of Awardee, if applicable, or by the legal representative of the estate or by the legatee of Awardee under the will of Awardee from the date of such death or Disability Termination of Employment until the Grant Expiration Date.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Cardinal Health Inc)

Termination of Employment by Reason of Death or Disability. If a Termination of Employment occurs by reason of death or Disability prior to the vesting in full of the Option, but at least six (6) months from the Grant Date, then any unvested portion of the Option shall vest upon and become exercisable in full from and after such death or Disability. The Option may thereafter be exercised by the Awardee, any transferee of Awardee, if applicable, or by the legal representative of the estate or by the legatee of Awardee under the will of Awardee from the date of such death or Disability until the Grant Expiration Date.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Cardinal Health Inc)

Termination of Employment by Reason of Death or Disability. If a Termination of Employment occurs by reason of death or Disability prior to the vesting in full of the Option, but occurs at least six (6) months from after the Grant Date, then any outstanding unvested portion of the Option shall vest vests upon and become becomes exercisable in full from and after such death or DisabilityTermination of Employment. The Option may thereafter be exercised by the Awardee, any transferee of Awardee, if applicable, or by the legal representative of the estate or by the legatee of Awardee under the will of Awardee from the date of such death or Disability Termination of Employment until the Grant Expiration Date.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Cardinal Health Inc)

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Termination of Employment by Reason of Death or Disability. If a Termination termination of Employment employment of Optionee occurs by reason of death or Disability prior to the vesting in full of the Option, but at least six (6) months from the Grant Date, then any unvested portion of the Option shall vest upon and become exercisable in full from and after such death or Disability. The Option may thereafter be exercised by the AwardeeOptionee, any transferee of AwardeeOptionee, if applicable, or by the legal representative of the estate or by the legatee of Awardee Optionee under the will of Awardee Optionee from the date of such death or Disability until the Grant Expiration Date.

Appears in 1 contract

Samples: Acceptance of Agreement (Imprimis Pharmaceuticals, Inc.)

Termination of Employment by Reason of Death or Disability. If a Termination of Employment occurs by reason of death or Disability prior to the vesting in full of the Option, but at least six (6) months from the Grant Date, then any unvested portion of the Option shall vest upon and become exercisable in full from and after such death or Disability. The Option may thereafter be exercised by the Awardee, any transferee of Awardee, if applicable, or by the legal representative of the estate or by the legatee of Awardee under the will of Awardee from the date of such death or Disability until the Grant Expiration Date.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Cardinal Health Inc)

Termination of Employment by Reason of Death or Disability. If a Termination of Employment occurs by reason of death or Disability disability (as set forth in the Employment Agreement) prior to the vesting in full of the Option, but at least six (6) months from the Grant Date, then any unvested portion of the Option shall vest upon and become exercisable in full from and after such death or Disabilitydisability. The Option may thereafter be exercised by the Awardee, Awardee or any transferee of Awardee, if applicable, or by the legal representative of the estate or by the legatee of Awardee under the will of Awardee from the date of such death or Disability until the Grant Expiration Date.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Cardinal Health Inc)

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