Common use of Disability and Death Clause in Contracts

Disability and Death. All Options will vest and become exercisable on the Service Termination Date if (i) your service as a Nonemployee Director terminates by reason of your Disability (when Cause does not then exist) or (ii) you die while serving as a Nonemployee Director.

Appears in 10 contracts

Sources: Nonqualified Stock Option Agreement (Liberty Live Holdings, Inc.), Nonqualified Stock Option Agreement (Liberty Media Corp), Nonqualified Stock Option Agreement (Liberty Live Holdings, Inc.)