Common use of On Account of Death or Disability Clause in Contracts

On Account of Death or Disability. If the Participant’s employment is terminated on account of death or Disability, then the Participant may exercise the vested portion of the Option within one year after such termination of employment but in no event after the original expiration date of the Option.

On Account of Death or Disability. If the Participant’s employment is terminated on account of death or DisabilityDisability (as defined in the Employment Agreement), then the Participant’s Option shall vest as if the Participant may exercise remained employed with the Company for an additional year beyond the date of such termination. In addition, the Participant’s vested portion of Option, including the Option within that becomes vested pursuant to the preceding sentence, shall remain exercisable until the earlier of one year after the date of such termination of employment but in no event after and the original expiration date of the Option.