Common use of Disability, Death or Retirement Clause in Contracts

Disability, Death or Retirement. In the event of a cessation of the Participant’s Employment by the Company by reason of the Participant’s Disability or due to the Participant’s death or Retirement, the SARs, to the extent vested immediately prior to such cessation of Employment, will remain exercisable until the earlier of (i) the first anniversary of such cessation of Employment, and (ii) the Expiration Date, and, unless previously exercised, will thereupon immediately terminate.

Appears in 4 contracts

Samples: Stock Appreciation Rights Agreement, Stock Appreciation Rights Agreement, Stock Appreciation Rights Agreement (IMS Health Holdings, Inc.)

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