Common use of Incentive Option Treatment Clause in Contracts

Incentive Option Treatment. No Option shall be eligible for treatment as an incentive stock option in the event such Option is exercised more than three months following termination of employment, or one year following termination of employment due to Disability and provided further, in order to obtain incentive stock option treatment for Options exercised by heirs or devisees of a Participant, the Participant’s death must have occurred while employed or within three (3) months of termination of employment.

Incentive Option Treatment. No Option shall be eligible for treatment as an incentive stock option in the event such Option is exercised more than three months following termination of employment, or one year following termination of employment due to Disability and provided further, in order to obtain incentive stock option treatment for Options exercised by heirs or devisees of a Participant, the Participant’s death must have occurred while employed or within three (3) months of after termination of employment.

Incentive Option Treatment. No Option shall be eligible for treatment as an incentive stock option in the event such Option is exercised more than three months following termination Termination of employmentService due to Retirement, or one year following termination Termination of employment Service due to Disability Disability, and provided further, in order to obtain incentive stock option treatment for Options exercised by heirs or devisees of a Participant, the Participant’s death must have occurred while employed or within three (3) months after Termination of termination of employmentService.

Incentive Option Treatment. No Option shall be eligible for treatment as an incentive stock option in the event such Option is exercised more than three months following termination of employment, or one year following termination of employment due to death or Disability and provided further, in order to obtain incentive stock option treatment for Options exercised by heirs or devisees of a Participant, the Participant’s 's death must have occurred while employed or within three (3) months of termination of employment.