RETIREMENT, DISABILITY, DEATH OR TERMINATION. Upon your Qualified Retirement from Deluxe or an Affiliate (collectively, the “Company”), you will have three years from the date of your retirement to exercise this Option. If you die while employed, the representative of your estate or your heirs will have one year from the date of your death to exercise this Option. If your employment terminates due to Disability, you will have one year from the date of your termination to exercise this Option. If your employment is terminated by the Company without Cause, you will have three months from the date of your termination to exercise this Option. If you resign or otherwise voluntarily terminate your employment with the Company, you will have three months from the date of your termination to exercise this Option, to the extent the Option had vested as of your termination date. In no case, however, may this Option be exercised after the Expiration Date. If your employment with the Company is terminated for Cause, the entire unexercised portion of this Option will be canceled as of your last date of employment.
Appears in 3 contracts
Samples: Deluxe non Qualified Stock Option Agreement (Deluxe Corp), Deluxe Corporation Non Qualified Stock Option Agreement (Deluxe Corp), Deluxe Corporation Non Qualified Stock Option Agreement (Deluxe Corp)
RETIREMENT, DISABILITY, DEATH OR TERMINATION. Upon your Qualified Approved Retirement from Deluxe (including any successor corporation) or an Affiliate (collectively, the “Company”), you will have three years from the date of your retirement to exercise this Option. If you die while employed, the representative of your estate or your heirs will have one year from the date of your death to exercise this Option. If your employment terminates due to Disability, you will have one year from the date of your termination to exercise this Option. If Except as otherwise provided in Section 4, if your employment is terminated by the Company without Cause, you will have three months from the date of your termination to exercise this Option. If Cause or if you resign or otherwise voluntarily terminate your employment with the Company, you will have three months from the date of your termination to exercise this Option, to the extent the Option had vested as of your termination date. In no case, however, may this Option be exercised after the Expiration Date. If your employment with the Company is terminated for Cause, the entire unexercised portion of this Option will be canceled as of your last date of employment.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Deluxe Corp), Deluxe Corp
RETIREMENT, DISABILITY, DEATH OR TERMINATION. Upon your Qualified Approved Retirement from Deluxe (including any successor corporation) or an Affiliate (collectively, the “Company”), you will have three years from the date of your retirement to exercise this Option. If you die while employed, the representative of your estate or your heirs will have one year from the date of your death to exercise this Option. If your employment terminates due to Disability, you will have one year from the date of your termination to exercise this Option. If Except as otherwise provided in Section 2(b) or Section 4, if your employment is terminated by the Company without Cause, you will have three months from the date of your termination to exercise this Option. If Cause or if you resign or otherwise voluntarily terminate your employment with the Company, you will have three months from the date of your termination to exercise this Option, to the extent the Option had vested as of your termination date. In no case, however, may this Option be exercised after the Expiration Date. If your employment with the Company is terminated for Cause, the entire unexercised portion of this Option will be canceled as of your last date of employment.
Appears in 1 contract
RETIREMENT, DISABILITY, DEATH OR TERMINATION. Upon your Qualified Retirement from Deluxe or an Affiliate (collectively, the “Company”), you will have three years from the date of your retirement to exercise this Option. If you die while employed, the representative of your estate or your heirs will have one year from the date of your death to exercise this Option. If your employment terminates due to Disability, you will have one year from the date of your termination to exercise this Option. If Except as otherwise provided in Section 4, if your employment is terminated by the Company without Cause, you will have three months from the date of your termination to exercise this Option. If Cause or if you resign or otherwise voluntarily terminate your employment with the Company, you will have three months from the date of your termination to exercise this Option, to the extent the Option had vested as of your termination date. In no case, however, may this Option be exercised after the Expiration Date. If your employment with the Company is terminated for Cause, the entire unexercised portion of this Option will be canceled as of your last date of employment.
Appears in 1 contract
Samples: Deluxe Corp