Common use of Retirement of Optionee Clause in Contracts

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 the Optionee's status as an Employee terminates as a result ’s employment shall terminate by reason of the Optionee's retirement but not due to disabilityretirement, the Optionee mayOption may be exercised, to the extent otherwise that the Optionee shall be entitled to do so entitled on the Termination Dateas of Optionee’s retirement date, exercise this Option at any time prior to within 90 days after such retirement date, but not beyond the Term/Expiration Dateoriginal term of the Option.