Common use of Death or Termination of Employment Due to Disability Clause in Contracts

Death or Termination of Employment Due to Disability. If the Optionee dies or incurs a Termination of Employment due to Disability while employed by or providing services to the Company, any portion of the Option that has not become exercisable as of the date of the Optionee's death or Termination of Employment due to Disability will become exercisable in full and will remain exercisable (a) in the case of the Optionee's death, by the estate of the deceased Optionee or the person given authority to exercise the Option by the Optionee's will or by operation of law for a period of one year following the Optionee's death, but not later than the expiration date of the Option; and (b) in the case of the Optionee's Termination of Employment or Disability, by the Optionee for a period of one year following the Optionee's Termination of Employment due to Disability, but not later than the Expiration Date.

Appears in 4 contracts

Samples: Nonqualified Stock Option Award Agreement (Ca, Inc.), Nonqualified Stock Option Award Agreement (Ca, Inc.), Nonqualified Stock Option Award Agreement (Ca, Inc.)

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Death or Termination of Employment Due to Disability. If the Optionee dies or incurs a Termination of Employment due to Disability while employed by or providing services to the Company, any portion of the Option that has not become exercisable as of the date of the Optionee's ’s death or Termination of Employment due to Disability will become exercisable in full and will remain exercisable (a) in the case of the Optionee's ’s death, by the estate of the deceased Optionee or the person given authority to exercise the Option by the Optionee's ’s will or by operation of law for a period of one year following the Optionee's ’s death, but not later than the expiration date of the Option; and (b) in the case of the Optionee's ’s Termination of Employment or Disability, by the Optionee for a period of one year following the Optionee's ’s Termination of Employment due to Disability, but not later than the Expiration Date.

Appears in 3 contracts

Samples: Employment Agreement (Ca, Inc.), Nonqualified Stock Option Award Agreement (Ca, Inc.), Nonqualified Stock Option Award Agreement (Ca, Inc.)

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