Common use of Reason Other Than for Death, Disability or Retirement Clause in Contracts

Reason Other Than for Death, Disability or Retirement. In the event an Optionee shall cease to be employed by the Company while holding one or more stock options, for any reason other than the Optionee's death, disability or retirement, each option held shall immediately cease to be exercisable on the date of such termination of employment.

Reason Other Than for Death, Disability or Retirement. In the event an Optionee shall cease to be employed by the Company while holding one or more stock options, for any reason other than the Optionee's ’s death, disability or retirement, each option held shall immediately cease to be exercisable on the date of such termination of employment.