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 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 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.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Rogers Corp), Qualified Stock Option Agreement (Rogers Corp)

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Termination by Reason of Disability or Retirement. If the Optionee's Employee’s employment by the Company and its Subsidiaries terminates has terminated by reason of Disability (as defined in the Plan), the Stock Option 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 Optionee's Employee’s employment by the Company and its Subsidiaries terminates has terminated by reason of Retirement (as defined in the Plan), the Stock Option 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.

Appears in 2 contracts

Samples: 1998 Stock Incentive Plan (Rogers Corp), Rogers Corporation (Rogers Corp)

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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 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 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.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Rogers Corp)

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