Common use of Disability or Retirement of Optionee Clause in Contracts

Disability or Retirement of Optionee. In the event that an Optionee shall cease to be employed by the Company due to the Optionee's Disability or Retirement, then each option held by the Optionee may be exercised by the Optionee to the extent that such option was exercisable at the tirne of such termination of employment at any time during the remainder of the calendar year which includes the date of such termination.

Disability or Retirement of Optionee. In the event that an Optionee shall cease to be employed by the Company due to the Optionee's ’s Disability or Retirement, then each option held by the Optionee may be exercised by the Optionee to the extent that such option was exercisable at the tirne time of such termination of employment at any time during the remainder of the calendar year which includes the date of such termination.

Disability or Retirement of Optionee. In the event that an Optionee shall cease to be employed by the Company due to the Optionee's ’s Disability or Retirement, then each option held by the Optionee may be exercised by the Optionee to the extent that such option was exercisable at the tirne time of such Exhibit 10.2 termination of employment at any time during the remainder of the calendar year which includes the date of such termination.