Common use of Total and Permanent Disability Clause in Contracts

Total and Permanent Disability. If Optionee’s employment is terminated by the Corporation by reason of Total and Permanent Disability, then the Option will expire on the third (3rd) anniversary of such Termination Date (but in no event later than on the tenth (10th) anniversary of the Grant Date).

Appears in 3 contracts

Samples: Restricted Stock Agreement (PNC Financial Services Group Inc), Restricted Stock Agreement (PNC Financial Services Group Inc), Restricted Stock Agreement (PNC Financial Services Group Inc)

AutoNDA by SimpleDocs

Total and Permanent Disability. If Optionee’s employment is terminated by the Corporation by reason of Total and Permanent Disability, then the Option will expire vest as to all outstanding Covered Shares as to which it had not otherwise vested commencing on Optionee’s Termination Date or the third (3rd) anniversary of such Termination Date (but in no event later than on the Grant Date, whichever is later, and together with all other vested Options, will continue to be exercisable until the tenth (10th) anniversary of the Grant Date)Date with respect to any such Covered Shares.

Appears in 2 contracts

Samples: Employee Stock Option Award Agreement (TriState Capital Holdings, Inc.), Employee Stock Option Award Agreement (TriState Capital Holdings, Inc.)

Total and Permanent Disability. If Optionee’s employment is terminated by the Corporation by reason of Total and Permanent Disability, then the Option will expire on the third (3rd) anniversary of such Termination Date (but in no event later than on the tenth (10th[same as for blank in 1st paragraph of A.18(a) anniversary of the Grant Dateabove]).

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (PNC Financial Services Group Inc)

AutoNDA by SimpleDocs

Total and Permanent Disability. If Subject to Sections A.18(c)(6) and A.18(d), if Optionee’s employment is terminated by the Corporation by reason of Total and Permanent Disability, then the Option will expire on the third (3rd) anniversary of such Termination Date (but in no event later than on the tenth (10th) anniversary of the Grant Date).

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (PNC Financial Services Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.