Common use of Death or Disability; Retirement Clause in Contracts

Death or Disability; Retirement. In the event the Optionee dies while he is in the employ of the Company or any affiliate or if his employment is terminated by reason of his retirement on or after attaining age 62 or by reason of his disability, the Option, to the extent not theretofore exercised, may be exercised in full as follows: (i) by the legal representative of the Optionee (who for purposes of this Agreement may be the Optionee's beneficiary as designated pursuant to Paragraph 9) at any time within twelve months after the date of the Optionee's death while in the employ of the Company or any affiliate; or (ii) by the Optionee or his legal representative or guardian at any time within twelve months after the termination of the Optionee's employment by reason of retirement on or after attaining age 62 or by reason of his disability, but in no event under subparagraphs (i) or (ii) later than ten years after the date of grant of the Option.

Death or Disability; Retirement. In the event the Optionee dies while he is in the employ of the Company or any affiliate or if his employment is terminated by reason of his retirement on or after attaining age 62 or by reason of his disability, the Option, to the extent not theretofore exercised, may be exercised in full as follows: : (i) by the legal representative of the Optionee (who for purposes of this Agreement may be the Optionee's ’s beneficiary as designated pursuant to Paragraph 9) at any time within twelve months after the date of the Optionee's ’s death while in the employ of the Company or any affiliate; or (ii) by the Optionee or his legal representative or guardian at any time within twelve months after the termination of the Optionee's ’s employment by reason of retirement on or after attaining age 62 or by reason of his disability, but in no event under subparagraphs (i) or (ii) later than ten years after the date of grant of the Option.

Death or Disability; Retirement. In the event the Optionee dies while he is in the employ of the Company or any affiliate or if his employment is terminated by reason of his retirement on or after attaining age 62 60 or by reason of his disability, the Option, to the extent not theretofore exercised, may be exercised in full as follows: : (i) by the legal representative of the Optionee (who for purposes of this Agreement may be the Optionee's ’s beneficiary as designated pursuant to Paragraph 9) at any time within twelve months after the date of the Optionee's ’s death while in the employ of the Company or any affiliate; or (ii) by the Optionee or his legal representative or guardian at any time within twelve months after the termination of the Optionee's ’s employment by reason of retirement on or after attaining age 62 60 or by reason of his disability, but in no event under subparagraphs (i) or (ii) later than ten years after the date of grant of the Option.