Common use of Disability of Optionee Clause in Contracts

Disability of Optionee. If Optionee ceases to be employed by, or in a service relationship with, the Corporation as a result of Optionee’s Disability, (i) the unvested Options shall terminate immediately upon such cessation, and (ii) the vested Options shall remain exercisable during the one-year period following such cessation, but in no event after the Expiration Date. Unless sooner terminated, any unexercised vested Options shall terminate upon the expiration of such one-year period.

Disability of Optionee. If Optionee ceases to be employed by, or in a service relationship with, the Corporation Bank as a result of Optionee’s Disability, (i) the unvested Options shall terminate immediately upon such cessation, and (ii) the vested Options shall remain exercisable during the one-year period following such cessation, but in no event after the Expiration Date. Unless sooner terminated, any unexercised vested Options shall terminate upon the expiration of such one-year period.

Disability of Optionee. If Optionee ceases to be employed by, or in a service relationship with, the Corporation Company or any Affiliate as a result of Optionee’s Disability, (i) the unvested Options shall terminate vest immediately upon such cessation, and (ii) the vested Options shall remain exercisable during the 3-month period following such cessation (or the one-year period following such cessation, if the Optionee is disabled within the meaning of Section 22(e)(3) of the Code), but in no event after the Expiration Date. Unless sooner terminated, any unexercised vested Options shall terminate upon the expiration of such one-year period.

Disability of Optionee. If Notwithstanding the provisions of Section 4(a) above, if the Optionee ceases to be employed by, his employment or in a service relationship with, with the Corporation Company as a result of Optionee’s Disabilityhis or her total and permanent disability, (i) the unvested Options shall this Option will terminate immediately upon such cessationcessation to the extent it is unvested, and (ii) the vested Options shall remain this Option will be exercisable during the one-one (1) year period following such cessationcessation with respect to its vested portion, but in no event after the Expiration Date. Unless sooner terminated, any unexercised vested Options shall terminate upon the expiration of such one-year period.sooner

Disability of Optionee. If Optionee ceases to be employed by, or in a service relationship with, the Corporation Company or any Affiliate as a result of Optionee’s Disability, (i) the unvested Options shall terminate vest immediately upon such cessation, and (ii) the vested Options shall remain exercisable during the one-year period following such cessation, but in no event after until the Expiration Date. Unless sooner terminated, any unexercised vested Options shall terminate upon the expiration of such one-year period.