Retirement of Optionee. In the event the Optionee's status as an Employee terminates as a result of the Optionee's retirement but not due to disability, the Optionee may, to the extent otherwise so entitled on the Termination Date, exercise this Option at any time prior to the Term/Expiration Date.
Retirement of Optionee. In the event of a termination of the Optionee’s employment by the Company or its subsidiary as a result of his or her “Retirement”, then provided the Option was granted to the Optionee at least one year prior to the Optionee's employment termination date, the portion of the Option which has vested and thus is exercisable as of the Optionee’s employment termination date shall remain exercisable until the expiration date specified on Exhibit A. The term “Retirement” as used in this Agreement means the termination of the Optionee's employment with the Company or its subsidiary on or after (a) the Optionee’s 65th birthday or (b) the Optionee’s 55th birthday if the Optionee has completed ten years of service with the Company or any of its subsidiaries.
Retirement of Optionee. In the event of termination of Optionee's Continuous Status as an Employee as a result of such Optionee's retirement from the Company at age fifty five (55) or greater after having Continuous Status as an Employee for (5) years or more, Optionee shall fully vest in and have the right to exercise this Option as to all of the Optioned Stock and Optionee may, but only within three (3) years from the date of such termination (but in no event later than the expiration date of the term of this Option as set forth in Section 2), exercise this Option to the extent Optionee was entitled to exercise it at the date of such termination. To the extent that Optionee does not exercise this Option (which Optionee was entitled to exercise) within the time specified herein, this Option shall terminate.
Retirement of Optionee. If the Optionee shall retire from Continuous Service on or after normal retirement age (defined under this Agreement as age 65), then the portion of the Option to purchase Shares which is not vested shall terminate immediately and the portion of the Option which is vested shall remain outstanding subject to termination as otherwise provided in this Agreement or the Plan, and the Optionee’s right to exercise the Option shall remain subject to the terms of Section 6.
Retirement of Optionee. If an Optionee ceases to be an Employee by reason of Retirement, such Optionee shall have the right, subject to the restrictions of (e) above, to exercise the Option at any time prior to and including, but not later than the termination date set forth in the Option, but only to the extent that, at the date of termination of employment, the Optionee's right to exercise such Option had accrued pursuant to the terms of the applicable option agreement and had not previously been exercised. The foregoing notwithstanding, in the case of a Nonstatutory Stock Option, the Board, or the Committee if there be one, may extend or otherwise modify the period of time specified herein during which the Option may be exercised following termination of Optionee's employment.
Retirement of Optionee. In the event an Optionee’s Termination of Employment occurs as a result of Optionee’s retirement pursuant to a Company retirement plan, as contemplated by Section 2.5(c) of the Plan, the Optionee may exercise his or her Option (to the extent that the Optionee was entitled to exercise it at the date of termination), but only within such period of time ending on the earlier of (i) the date three (3) years following such Termination of Employment, or (ii) the expiration of the term of the Option as set forth herein. If, after termination, the Optionee does not exercise his or her Option as set forth in this Section 5(d), the Option shall terminate.
Retirement of Optionee. Upon termination of the Optionee’s employment with the Company or any subsidiary of the Company (or the successor of any such company) as a result of the retirement of the Optionee, this Option, after such retirement, shall continue to vest and become exercisable in accordance with the provisions of Section 2 hereof as if the Optionee had remained employed by the Company and, subject to the terms of Section 6 hereof, shall remain exercisable until the date of expiration of the term of this Option as set forth in Section 9 below. Retirement of the Optionee shall mean (i) the termination of employment with the Company on or after the last day the month in which the Optionee attains age 65 and has, as of such date of termination, been continuously employed by the Company for at least two years or (ii) otherwise as the Committee shall determine, in its sole discretion.
Retirement of Optionee. In the event of an Optionee’s Retirement while a Director, the Option shall become vested and exercisable for the full number of Shares covered by the Option. The Option held by the Optionee at the time of Retirement may be exercised at any time within twelve (12) months following the date of Retirement (but in no event later than the date of expiration of its ten (10) year term). If the Option is not exercised within the time specified herein, the Option shall terminate.
Retirement of Optionee. If an Optionee who ceases to be an Employee at any time by reason of Retirement has not fully exercised his Incentive Option(s), then any Incentive Option(s) of such Optionee shall vest immediately and fully, and such Optionee shall have the right, subject to the restrictions of Sections 7.5, 7.17 and 7.18 hereof, to exercise such Incentive Option(s) to acquire the Units of Partnership Interest in TRG made the subject of such Incentive Option(s), in full or in part, at any time prior to the tenth (10th) anniversary date of the Date of Grant.
Retirement of Optionee. If a Optionee ceases to be a Service Provider as a result of his Retirement, this Option may be exercised for a period of twelve (12) months after the date of such Retirement (but in no event later than the expiration date of this Option as set forth in the Notice of Grant or as provided in Section 11(c)) to the extent that the Option is vested on the date of such Retirement. If, after his Retirement, the Optionee does not exercise his Option within the time specified herein, the Option will terminate.
