Common use of Exercise Following Retirement Clause in Contracts

Exercise Following Retirement. If the Optionee's employment or service with the Corporation ceases by reason of Retirement, the Option (to the extent it has not previously been exercised and is exercisable at the time of such cessation) may be exercised within ninety (90) days after the date of the Optionee's Retirement.

Appears in 10 contracts

Samples: Stock Option Agreement (Baxter Nicholas W), Stock Option Agreement (Eurasia Energy LTD), Stock Option Agreement (Baxter Nicholas W)

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Exercise Following Retirement. If the Optionee's employment or ’s service with the Corporation ceases Company terminates by reason of Retirement, retirement (as defined below) the Option (to the extent it has not previously been exercised and is exercisable at the time of such cessationthen exercisable) may be exercised within ninety (90) days after the date of the Optionee's Retirement’s retirement. For purposes hereof, “retirement” shall mean the voluntary cessation of employment by an individual upon the attainment of age sixty-five (65) and the completion of not less than twenty (20) years of service with the Company or a subsidiary.

Appears in 5 contracts

Samples: Stock Option Award Agreement (Semtech Corp), Award Agreement (MRV Communications Inc), Long Term Stock Incentive Plan Award Agreement (Semtech Corp)

Exercise Following Retirement. If the Optionee's employment or ----------------------------- service with the Corporation Company ceases by reason of Retirement, Retirement the Option (to the extent it has not previously been exercised and is exercisable at the time of such cessation) may be exercised within ninety (90) days after the date of the Optionee's Retirementretirement.

Appears in 3 contracts

Samples: Nonstatutory Stock Option Agreement (L90 Inc), Incentive Stock Option Agreement (L90 Inc), Nonstatutory Stock Option Agreement (L90 Inc)

Exercise Following Retirement. If the Optionee's employment or service with the Corporation ceases Company terminates by reason of Retirement, retirement (as defined below) the Option (to the extent it has not previously been exercised and is exercisable at the time of such cessationthen exercisable) may be exercised within ninety (90) days after the date of the Optionee's Retirementretirement. For purposes hereof, “retirement” shall mean the voluntary cessation of employment by an individual upon the attainment of age sixty-five (65) and the completion of not less than twenty (20) years of service with the Company or a subsidiary.

Appears in 2 contracts

Samples: Stock Option Award Agreement (Semtech Corp), Stock Option Award Agreement (Semtech Corp)

Exercise Following Retirement. If the Optionee's employment or service with the Corporation ceases Company terminates by reason of Retirementretirement, pursuant to the Company's formal retirement policy, the Option (to the extent it has not previously been exercised and is exercisable at the time of such cessationthen exercisable) may be exercised within ninety three (903) days consecutive months after the date of the Optionee's Retirementretirement (but not later than the termination date set forth in Section 5(a) above).

Appears in 1 contract

Samples: Stock Option Agreement (Multicell Technologies Inc.)

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Exercise Following Retirement. If the Optionee's employment or service with ----------------------------- the Corporation ceases by reason of Retirement, the Option (to the extent it has not previously been exercised and is exercisable vested in accordance with Schedule I at the time of such cessationcessation and not yet exercised) may be exercised within ninety (90) days after the date of the Optionee's Retirement.

Appears in 1 contract

Samples: Stock Option Agreement (Powerwave Technologies Inc)

Exercise Following Retirement. If the Optionee's employment or service with the Corporation ceases Company terminates by reason of Retirementretirement, the Option (to the extent it has not previously been exercised and is exercisable at the time of such cessationthen exercisable) may be exercised within ninety three (903) days consecutive months after the date of the Optionee's Retirementretirement (but not later than the termination date set forth in Section 5(a) above).

Appears in 1 contract

Samples: Stock Option Agreement (Multicell Technologies Inc.)

Exercise Following Retirement. If the Optionee's employment or ’s service with the Corporation ceases Company terminates by reason of Retirementretirement, pursuant to the Company’s formal retirement policy, the Option (to the extent it has not previously been exercised and is exercisable at the time of such cessationthen exercisable) may be exercised within ninety thirty (9030) consecutive days after the date of the Optionee's Retirement’s retirement (but not later than the termination date set forth in Section 5(a) above).

Appears in 1 contract

Samples: Stock Option Agreement (Cryoport, Inc.)

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