Retirement or Disability. If your employment with the Company Group terminates due to your Retirement or Disability, then your option shall continue to vest after such termination of employment until the earlier of the Expiration Date or three (3) years after the date your employment with the Company Group terminates as a result of Retirement or a Disability. For purposes of this Section 2.2, the term “Retirement” means the voluntary termination of your employment relationship with the Company Group on or after the date on which (a) you are age 65 or (b) you are age 55 and have five years of service with the Company Group.
Appears in 2 contracts
Samples: Employee Stock Option Agreement (Quanex Corp), Employee Stock Option Agreement (Quanex Building Products CORP)
Retirement or Disability. If your employment with the Company Group terminates due to your Retirement or Disability, then your option the Option shall continue to vest after such termination of employment until the earlier of the Expiration Date or three (3) years after the date your employment with the Company Group terminates as a result of Retirement or a Disability. For purposes of this Section 2.22.3, the term “Retirement” means the voluntary termination of your employment relationship with the Company Group on or after the date on which (a) you are age 65 or (b) you are age 55 and have five years of service with the Company Group.
Appears in 2 contracts
Samples: Stock Option Agreement (Quanex Building Products CORP), Stock Option Agreement (Quanex Building Products CORP)
Retirement or Disability. If your employment with the Company Group terminates due to your Retirement or Disability, then your option shall continue to vest after such termination of employment until the earlier of the Expiration Date or three (3) years after the date your employment with the Company Group terminates as a result of Retirement or a Disability. For purposes of this Section 2.22.3, the term “Retirement” means the voluntary termination of your employment relationship with the Company Group on or after the date on which (a) you are age 65 or (b) you are age 55 and have five years of service with the Company Group.
Appears in 2 contracts
Samples: Executive Stock Option Agreement (Quanex Corp), Executive Stock Option Agreement (Quanex Building Products CORP)
Retirement or Disability. If your employment with the Company Group terminates due to your Retirement or Disability, then your option the Option shall continue to vest after such termination of employment until the earlier of the Expiration Date or three (3) years after the date your employment with the Company Group terminates as a result of Retirement or a Disability. For purposes of this Section 2.2, the term “Retirement” means the voluntary termination of your employment relationship with the Company Group on or after the date on which (a) you are age 65 or (b) you are age 55 and have five years of service with the Company Group.
Appears in 1 contract
Samples: Employee Stock Option Agreement (Quanex Building Products CORP)