Termination as a Result of Death or Disability. In the event Optionee’s employment or service with the Company or any Parent or Subsidiary is terminated as a result of Optionee’s death or Disability, any portion of the Option that has vested as of the Termination Date shall be exercisable in whole or in part for a period of one year following the Termination Date. Upon expiration of such one-year period, any unexercised portion of the Option shall terminate in full.
Appears in 3 contracts
Samples: Stock Option Agreement (Infrasource Services Inc), Stock Option Agreement (Infrasource Services Inc), Non Qualified Stock Option Agreement (Infrasource Services Inc)
Termination as a Result of Death or Disability. In the event Optionee’s 's employment or service with the Company or any Parent or Subsidiary is terminated as a result of Optionee’s 's death or Disability, any portion of the Option that has vested as of the Termination Date shall be exercisable in whole or in part according to the terms of this Option Agreement for a period of one year six (6) months following the Termination Date. Upon expiration of such onesix-year month period, any unexercised portion of the Option shall terminate in full.
Appears in 2 contracts
Samples: Stock Option Plan Option Agreement (Cherokee International Corp), Option Agreement (Cherokee International Corp)
Termination as a Result of Death or Disability. In the event Optionee’s 's employment or service with the Company or any Parent or Subsidiary is terminated as a result of Optionee’s 's death or Disability, any portion of the Option that has vested as of the Termination Date shall be exercisable in whole or in part for a period of one year following the Termination Date. Upon expiration of such one-year period, any unexercised portion of the Option shall terminate in full.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Infrasource Services Inc), Infrasource Services (Infrasource Services Inc)
Termination as a Result of Death or Disability. In the event Optionee’s employment with or service with to the Company or any Parent or Subsidiary is terminated as a result of Optionee’s death or Disability, any portion of the Option that has vested as of the Termination Date shall be exercisable in whole or in part for a period of one year following the Termination Date. Upon expiration of such one-year period, any unexercised portion of the Option shall terminate in full.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Infrasource Services Inc)
Termination as a Result of Death or Disability. In the event Optionee’s 's employment or service with the Company or any Parent or Subsidiary is terminated as a result of Optionee’s 's death or Disability, any portion of the Option that has vested as of the Termination Date shall be exercisable in whole or in part according to the terms of the Option Agreement for a period of one year six (6) months following the Termination Date. Upon expiration of such onesix-year month period, any unexercised portion of the Option shall terminate in full.
Appears in 1 contract
Samples: Unit Option Agreement (Cherokee International Finance Inc)
