Common use of Exercise Following Retirement Clause in Contracts

Exercise Following Retirement. If the Optionee's service with the Company terminates by reason of retirement, the Option (to the extent it has not previously been exercised and is then exercisable) may be exercised within three (3) consecutive months after the date of the Optionee's retirement (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 service with the Company Corporation terminates by reason of retirementretirement (the voluntary retirement of employment upon attainment of 65 years of age and completion of 20 years of service), the Option (to the extent it has not previously been exercised and is then exercisableexercisable in accordance with the provisions of Paragraph 4 above) may be exercised within three (3) consecutive months after the date of the Optionee's retirement (at any time prior to and including, but not later than the termination date set forth in Section 5(aParagraph 6(a) above).

Appears in 1 contract

Samples: Summa Industries/

Exercise Following Retirement. If the Optionee's service with the Company ----------------------------- Corporation terminates by reason of retirementretirement (the voluntary retirement of employment upon attainment of 65 years of age and completion of 20 years of service), the Option (to the extent it has not previously been exercised and is then exercisable) may be exercised within three (3) consecutive months after the date of the Optionee's retirement (but not later than the termination date set forth in Section Paragraph 5(a) above).

Appears in 1 contract

Samples: Delta Internet Services (Concentric Network Corp)

Exercise Following Retirement. If the Optionee's service with the Company terminates by reason of retirement, pursuant to the Company's formal retirement policy, the Option (to the extent it has not previously been exercised and is then exercisable) may be exercised within three (3) consecutive months after the date of the Optionee's retirement (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 ’s service with the Company terminates by reason of retirement, pursuant to the Company’s formal retirement policy, the Option (to the extent it has not previously been exercised and is then exercisable) may be exercised within three thirty (330) consecutive months days after the date of the Optionee's ’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.)

Exercise Following Retirement. If the Optionee's ’s service with the Company Corporation terminates by reason of retirementretirement (the voluntary retirement of employment upon attainment of 65 years of age and completion of 20 years of service), the Option (to the extent it has not previously been exercised and is then exercisableexercisable in accordance with the provisions of paragraph 4 above) may be exercised within three (3) consecutive months after the date of the Optionee's retirement (at any time prior to and including, but not later than the termination date set forth in Section 5(aparagraph 6(a) above).

Appears in 1 contract

Samples: Stock Option Plan (Summa Industries/)

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