Common use of Period of Option Clause in Contracts

Period of Option. The option granted under the Plan shall have a term of ten (10) years from the date on which it is granted; provided that the option or the unexercised portion thereof (to the extent exercisable on the date of termination of employment) shall terminate at the close of business on the day three (3) months following the date on which the Optionee ceases to be employed by the Corporation or a subsidiary, unless the option shall have already expired by its terms, except as provided under subsection (f) of this section in the event of the death or disability of the Optionee.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Kaman Corp), Incentive Stock Option Agreement (Kaman Corp), Incentive Stock Option Agreement (Kaman Corp)

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Period of Option. The option granted under the Plan shall have a term of ten (10) years and one (1) day from the date on which it is granted; provided however that unless the option shall have already expired by its terms, the option or the unexercised portion thereof (to the extent exercisable on the date of termination of employment) shall terminate at the close of business on the day three (3) months following the date on which the Optionee ceases to be employed by the Corporation or a subsidiarySubsidiary, unless the option shall have already expired by its terms, except as a longer period is provided under subsection (f) of this section Section in the event case of the death death, Disability or disability of the OptioneeRetirement.

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (Kaman Corp), Non Statutory Stock Option Agreement (Kaman Corp)

Period of Option. The option granted under the Plan shall have a term of ten (10) years from the date on which it is grantedof grant; provided that the option or the unexercised portion thereof (to the extent exercisable on the date of termination of employment) shall terminate at the close of business on the day three (3) months following the date on which the Optionee ceases to be employed by the Corporation or a subsidiary, unless the option shall have already expired by its terms, except as provided under subsection (f) of this section in the event of the death or disability of the Optionee.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Kaman Corp)

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Period of Option. The option granted under the Plan shall have a term of ten (10) years and one (1) day from the date on which it is grantedof grant; provided however that unless the option shall have already expired by its terms, the option or the unexercised portion thereof (to the extent exercisable on the date of termination of employment) shall terminate at the close of business on the day three (3) months following the date on which the Optionee ceases to be employed by the Corporation or a subsidiarySubsidiary, unless the option shall have already expired by its terms, except as a longer period is provided under subsection (f) of this section Section in the event case of the death death, Disability or disability of the OptioneeRetirement.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Kaman Corp)

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