Exercise After Retirement. This Option shall be exercisable for all or part of the number of shares that the Participant was entitled to purchase pursuant to paragraph 2, reduced by the number of shares for which the Option was exercised, in the event of the Participant's Retirement prior to the Expiration Date. In that event the Participant may exercise this Option during the remainder of the period preceding the Expiration Date.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Shenandoah Telecommunications Co/Va/), Incentive Stock Option Agreement (Shenandoah Telecommunications Co/Va/)
Exercise After Retirement. This Option shall be exercisable for all or part of the number of shares that the Participant was entitled to purchase pursuant to paragraph 2, reduced by the number of shares for which the Option was exercised, in the event of the Participant's Retirement prior to the Expiration Date. In that event the Participant may exercise this Option during the remainder of the period preceding the Expiration Date.. For purposes of this Agreement, the term "Retirement" means the voluntary termination of employment on or after the date upon which the employee
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Shenandoah Telecommunications Co/Va/)
Exercise After Retirement. This Option shall be exercisable for all or part of the number of shares that the Participant was entitled to purchase pursuant to paragraph 2, reduced by the number of shares for which the Option was exercised, in the event of the Participant's ’s Retirement prior to the Expiration Date. In that event the Participant may exercise this Option during the remainder of the period preceding the Expiration Date.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Shenandoah Telecommunications Co/Va/)
