Common use of RETIREMENT, DISABILITY, DEATH OR TERMINATION Clause in Contracts

RETIREMENT, DISABILITY, DEATH OR TERMINATION. Upon your Qualified Retirement, you will have one year from the effective date of your retirement to exercise the 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 the Option. If you become Disabled, you will have one year from the effective date of such classification to exercise the Option. If your employment is terminated by Best Buy or an Affiliate without Cause or if you resign or otherwise voluntarily terminate your employment with Best Buy or an Affiliate, you will have 60 days from the date of your termination to exercise the Option, to the extent the Option had vested as of your termination date. In no case, however, may the Option be exercised after the Expiration Date. The Option may not be exercised following termination of employment for Cause.

RETIREMENT, DISABILITY, DEATH OR TERMINATION. Upon your Qualified Retirement, you will have one year from the effective date of your retirement to exercise the 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 the Option. If you become Disabled, you will have one year from the effective date of such classification to exercise the Option. If your employment is terminated by Best Buy or an Affiliate without Cause or if you resign or otherwise voluntarily terminate your employment with Best Buy or an Affiliate, you will have 60 days from the date of your termination to exercise the Option, to the extent the Option had vested as of your termination date. In no case, however, may the Option be exercised after the Expiration Date. The Option may not be exercised following termination of employment for Cause.