Mandatory Retirement. If you retire at or after age 65 because you are required to do so by the Company's mandatory retirement policy, your retirement shall not be deemed an Involuntary Termination by the Company for purposes of this Agreement, your unvested stock options shall immediately vest, and you may exercise all of your then-outstanding stock options at any time up to the earlier of (i) the fifth anniversary of the date your employment terminates (or any later date prescribed by the terms of the option relating to termination of employment) or (ii) the expiration of the option.
Appears in 6 contracts
Samples: Employment Agreement (Verizon Communications Inc), Employment Agreement (Verizon Communications Inc), Employment Agreement (Verizon Communications Inc)
