Common use of Termination by Reason of Disability or Retirement Clause in Contracts

Termination by Reason of Disability or Retirement. If the Optionee’s employment by the Company and its Subsidiaries terminates by reason of Disability (as defined in the Plan), the Stock Option shall become immediately vested and exercisable in full and may thereafter be exercised for a period of five years from the date of such termination of employment or until the tenth anniversary of the Grant Date, if earlier. If the Optionee’s employment by the Company and its Subsidiaries terminates by reason of Retirement (as defined in the Plan), the Stock Option shall become immediately vested and exercisable in full and may thereafter be exercised for a period of five years from the date of such termination of employment or until the tenth anniversary of the Grant Date, if earlier.

Termination by Reason of Disability or Retirement. If the Optionee’s 's employment by the Company and its Subsidiaries terminates by reason of Disability (as defined in the Plan), the Stock Option shall become immediately vested and exercisable in full and may thereafter be exercised for a period of five years from the date of such termination of employment or until the tenth anniversary of the Grant Date, if earlier. If the Optionee’s 's employment by the Company and its Subsidiaries terminates by reason of Retirement (as defined in the Plan), the Stock Option shall become immediately vested and exercisable in full and may thereafter be exercised for a period of five years from the date of such termination of employment or until the tenth anniversary of the Grant Date, if earlier.

Termination by Reason of Disability or Retirement. If the OptioneeEmployee’s employment by the Company and its Subsidiaries terminates has terminated by reason of Disability (as defined in the Plan), the Stock Option shall become immediately vested and exercisable in full and may thereafter be exercised for a period of five (5) years from the date of such termination of employment or until the tenth anniversary of the Grant Date, if earlier. If the OptioneeEmployee’s employment by the Company and its Subsidiaries terminates has terminated by reason of Retirement (as defined in the Plan), the Stock Option shall become immediately vested and exercisable in full and may thereafter be exercised for a period of five (5) years from the date of such termination of employment or until the tenth anniversary of the Grant Date, if earlier.