Common use of Termination of Employment or Service (Disability or Death Clause in Contracts

Termination of Employment or Service (Disability or Death. Unless otherwise determined by the Committee, in the event of the termination of a Participant's employment or other service due to Disability or death, all Non-Statutory Stock Options held by such Participant shall immediately become exercisable and remain exercisable for a period three (3) years following the date of such termination.

Appears in 1 contract

Samples: Standex International Corp/De/

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Termination of Employment or Service (Disability or Death. Unless ------------------------------------------------------------- otherwise determined by the Committee, in the event of the termination of a Participant's employment or other service due to Disability or death, all Non-Statutory Stock Options held by such Participant shall immediately become exercisable and remain exercisable for a period three one (31) years year following the date of such termination.

Appears in 1 contract

Samples: Massachusetts Fincorp Inc

Termination of Employment or Service (Disability or Death. Unless otherwise determined by the Committee, in the event of the termination of a Participant's employment or other service due to Disability or death, all Non-Statutory Stock Options held by such Participant shall become earned and immediately become exercisable upon such Disability or death, and shall remain exercisable for a period three of one (31) years year following the date of such terminationDisability or death, or, if sooner, until the expiration of the term of the Non-Statutory Stock Option.

Appears in 1 contract

Samples: Tf Financial Corp

Termination of Employment or Service (Disability or Death. Unless ------------------------------------------------------------ otherwise determined by the Committee, in the event of the termination of a Participant's employment or other service due to Disability or death, all Non-Statutory Stock Options held by such Participant shall immediately become exercisable and remain exercisable for a period three two (32) years following the date of such termination, or, if sooner, until the expiration of the term of the Option.

Appears in 1 contract

Samples: Award Agreement (Pulaski Financial Corp)

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Termination of Employment or Service (Disability or Death. Unless ------------------------------------------------------------ otherwise determined by the Committee, in the event of the termination of a Participant's employment or other service due to Disability or death, all Non-Statutory Stock Options held by such Participant shall immediately become exercisable and remain exercisable for a period three one (31) years year following the date of such termination, or, if sooner, until the expiration of the term of the Option.

Appears in 1 contract

Samples: First Capital Inc

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