Retirement, Death or Disability. In the event that Optionee shall retire, die or become Disabled (as defined below), then (A) the portion of the Option that has not vested on or prior to the date of such Termination shall terminate as of the date of such Termination and (B) the vested portion of the Option shall terminate as of the date that is twenty-four (24) months following the date of such Termination.
Appears in 6 contracts
Samples: Management Incentive Option Agreement (Douglas Dynamics, Inc), Management Non Qualified Option Agreement (Douglas Dynamics, Inc), Management Non Qualified Option Agreement (Douglas Dynamics, Inc)
Retirement, Death or Disability. In the event that Optionee shall retire, die or become Disabled (as defined below), then (A) the portion of the Option that has not vested on or prior to the date of such Termination shall terminate as of the date of such Termination and (B) the vested portion of the Option shall terminate as of the date that is twenty-four one hundred eighty (24180) months days following the date of such Termination.
Appears in 3 contracts
Samples: Management Incentive Option Agreement (Douglas Dynamics, Inc), Management Incentive Option Agreement (Douglas Dynamics, Inc), Management Non Qualified Option Agreement (Douglas Dynamics, Inc)
Retirement, Death or Disability. In the event that Optionee shall retire, die or become Disabled (as defined below), then (A) the portion of the Option that has not vested on or prior to the date of such Termination shall terminate as of the date of such Termination and (B) the vested portion of the Option shall terminate as of (1) the date that is twenty-four sixty (2460) months days following the date of such Termination or (2) in the event of Disability and Optionee is party to an Employment Agreement as of the date of such Termination, the date specified in such Employment Agreement.
Appears in 2 contracts
Samples: Plan Management Incentive Option Agreement (Aircraft Braking Services, Inc.), Non Qualified Option Agreement (Aircraft Braking Services, Inc.)
Retirement, Death or Disability. In the event that Optionee shall retireRetire, die or become Disabled (as defined below), then (A) the portion of the Option that has not vested on or prior to the date of such Termination of Service shall terminate as of the date of such Termination of Service and (B) the vested portion of the Option shall terminate as of the earlier of (x) the date that is twenty-four ninety (2490) months days following the date of such TerminationTermination of Service, and (y) the expiration date of the Option.
Appears in 1 contract
Samples: Stock Incentive Plan (Sirva Inc)
Retirement, Death or Disability. In the event that Optionee shall retire, die or become Disabled (as defined below), then (A) the portion of the Option that has not vested on or prior to the date of such Termination shall terminate as of the date of such Termination and (B) the vested portion of the Option shall terminate as of the date that is twenty-four (24) months following the date of such Termination.the
Appears in 1 contract
Samples: Management Non Qualified Option Agreement (Douglas Dynamics, Inc)
