Common use of Retirement of Employee Clause in Contracts

Retirement of Employee. If the employment of the Employee with the Company and its Subsidiaries shall terminate as a result of his retirement on or after his sixty-fifth (65th) birthday, then the Option may be exercised in full by the Employee (or in the event of the Employee’s subsequent death, the Employee’s Successor) at any time during the remaining term of the Option.

Appears in 4 contracts

Samples: Option Agreement (Myers Industries Inc), Option Agreement (Myers Industries Inc), Option Agreement (Myers Industries Inc)

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Retirement of Employee. If the employment of the Employee with the Company and its Subsidiaries shall terminate as a result of his retirement on or after his sixty-fifth (65th) birthday, then the Option may be exercised in full by the Employee (or in the event of the Employee’s subsequent death, the Employee’s Successor) at any time during the remaining term of the Option.

Appears in 1 contract

Samples: Option Agreement (Myers Industries Inc)

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