Termination by Disability. In the event the employment of the Optionee is terminated by reason of Disability, the Option shall become immediately and fully exercisable as of the date the Committee determines the Optionee terminated for Disability and shall remain exercisable at any time prior to the end of the Exercise Term, or for one (1) year after the date of termination, whichever period is shorter.
Appears in 22 contracts
Samples: Stock Option Agreement (Acuity Brands Inc), Stock Option Agreement (Acuity Brands Inc), Non Qualified Stock Option Agreement (Zep Inc.)
Termination by Disability. In the event the employment of the Optionee is terminated by reason of Disability, the Option shall become immediately and fully exercisable all vested Options as of the date the Committee determines the Optionee terminated for Disability and shall remain exercisable at any time prior to the end expiration of the Exercise Term, or for one (1) year after . All Options that are not vested as of the date of termination, whichever period is shortertermination for Disability shall be immediately forfeited.
Appears in 9 contracts
Samples: Nonqualified Stock Option Agreement (National Service Industries Inc), Nonqualified Stock Option Agreement (National Service Industries Inc), Incentive Stock Option Agreement (National Service Industries Inc)
Termination by Disability. In the event the employment of the Optionee is terminated by reason of Disability, the Option shall become immediately and fully exercisable as of the date the Committee determines the Optionee terminated for Disability and shall remain exercisable at any time prior to the end expiration of the Exercise Term, or for lesser of one (1) year after from the date of termination, whichever period is shortertermination or the remaining Exercise Term.
Appears in 6 contracts
Samples: Nonqualified Stock Option Agreement (National Service Industries Inc), Incentive Stock Option Agreement (National Service Industries Inc), Incentive Stock Option Agreement (National Service Industries Inc)
Termination by Disability. In the event the employment of the Optionee is terminated by reason of Disability, the Option shall become immediately and fully exercisable as of the date the Committee determines the Optionee was terminated for Disability and shall remain exercisable at any time prior to the end of the Exercise Term, or for one (1) year after the date Date of terminationTermination, whichever period is shorter.
Appears in 2 contracts
Samples: Nonqualified Stock Option Award Agreement (Acuity Brands Inc), Nonqualified Stock Option Award Agreement (Acuity Brands Inc)
Termination by Disability. In the event the employment service of the Optionee is terminated by reason of Disability, the Option shall become immediately and fully exercisable as of the date the Committee determines the Optionee terminated service for Disability and shall remain exercisable at any time prior to the end of the Exercise Term, or for one three (13) year years after the date of termination, whichever period is shorter.
Appears in 1 contract
Samples: Stock Option Agreement (Zep Inc.)
