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

Termination of Employment by Reason of Disability. Unless this Option has earlier terminated for Cause or due to the Optionee’s death or the Company’s termination of Optionee’s employment without Cause, in the event that Optionee ceases, by reason of Disability, to be an employee of the Company or any of the Company’s subsidiaries, any unexercised portion of this Option may be exercised in whole or in part at any time within one year after the date of Optionee’s termination of employment due to Disability, but not later than the Expiration Date of this Option. Unless sooner terminated, this Option shall terminate upon the expiration of such one year period. For purposes of this Option, Disability shall mean the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months. The Administrator may require such proof of Disability as the Administrator in its sole discretion deems appropriate and the Administrator’s determination as to whether Optionee is Disabled shall be final and binding on all parties concerned.

Termination of Employment by Reason of Disability. Unless this the Option has earlier terminated for Cause cause or due to the Optionee’s death or the Company’s termination of Optionee’s employment without Causedeath, in the event that Optionee ceases, by reason of Disability, to be an employee of the Company Company, any successor entity thereto or any of the CompanyCorporation’s other subsidiaries, any unexercised portion of this the outstanding Option may be exercised in whole or in part at any time within one year after the date of Optionee’s 's termination of employment due to Disability, but not later than the Expiration Date of this the Option. Unless sooner terminated, this the Option shall terminate upon the expiration of such one year periodyearperiod. For purposes of this OptionAgreement, Disability shall mean the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months. The Administrator may require such proof of Disability as the Administrator in its sole discretion deems appropriate and the Administrator’s determination as to whether Optionee is Disabled shall be final and binding on all parties concerned.