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 Non Qualified Option Agreement (Douglas Dynamics, Inc), Management Incentive Stock Option Agreement (Douglas Dynamics, Inc), Management Incentive 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: Incentive Stock Option Agreement (Aircraft Braking Services, Inc.), Non Qualified Stock Option Agreement (Aircraft Braking Services, 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 2 contracts
Samples: Non Qualified Stock Option Agreement (Douglas Dynamics, Inc), Incentive Stock 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.
(1) This date to reflect the Effective Date as defined in the Employment Agreement for the applicable executive.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Douglas Dynamics, 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: Director Non Qualified Stock Option Agreement (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
(1) This date to reflect the Effective Date as defined in the Employment Agreement for the applicable executive. 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 1 contract
Samples: Non Qualified Stock Option Agreement (Douglas Dynamics, Inc)
