Common use of Retirement, Death or Disability Clause in Contracts

Retirement, Death or Disability. If the Participant’s Employment is terminated due to the Participant’s Retirement or death or by the Company during the Participant’s Disability, the Participant may exercise the Vested Portion of an Option during the period ending on the earlier of (x) one year following such termination of Employment and (y) the Expiration Date;

Appears in 15 contracts

Samples: Nonqualified Stock Option Agreement (PF2 SpinCo, Inc.), Nonqualified Stock Option Agreement (PF2 SpinCo, Inc.), Nonqualified Stock Option Agreement (Change Healthcare Inc.)

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Retirement, Death or Disability. If the Participant’s Employment is terminated due to the Participant’s Retirement or death death, or by the Company Company, the JV or, if applicable, eRx, during the Participant’s Disability, the Participant may exercise the Vested Portion of an Company Option during the period ending on the earlier of (x) one year following such termination of Employment and (y) the Expiration Date;

Appears in 9 contracts

Samples: Nonqualified Stock Option Agreement (Change Healthcare Inc.), Nonqualified Stock Option Agreement (PF2 SpinCo, Inc.), Nonqualified Stock Option Agreement (Change Healthcare Inc.)

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