Termination of Employment Disability. If Participant’s Employment with the Company and its Affiliates terminates because of Disability, this Option shall terminate on the earlier of (i) one (1) year following the date of such termination of Employment, and (ii) the Expiration Date of this Option stated in Paragraph 2(a) above. In such period following the termination of Participant’s Employment, this Option shall be fully exercisable, whether or not any portion of the Option was not exercisable immediately prior to such termination of Employment (but only to the extent it had not previously been exercised). If Participant does not exercise the Option within the time specified in this Paragraph 2(d), all rights of Participant under this Option shall be forfeited.
Appears in 4 contracts
Samples: Nonqualified Stock Option Agreement (Bluestem Brands, Inc.), Nonqualified Stock Option Agreement (Bluestem Brands, Inc.), Nonqualified Stock Option Agreement (Bluestem Brands, Inc.)
