Common use of Termination by Reason of Disability Clause in Contracts

Termination by Reason of Disability. If the Optionee's employment with the Company, any Subsidiary, and/or any Affiliate terminates by reason of Disability, the Option shall be immediately exercisable and may thereafter be exercised during the period ending on the expiration of the stated term of the Option.

Appears in 17 contracts

Samples: Non Qualified (Globe Life Inc.), Non Qualified (Globe Life Inc.), Non Qualified (Globe Life Inc.)

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Termination by Reason of Disability. If the Optionee's ’s employment with by the Company, any Subsidiary, and/or any Affiliate Company terminates by reason of Disability, the this Option shall be immediately exercisable and may thereafter be exercised during exercised, to the extent the Option was exercisable at the time of such termination (after giving effect to any acceleration of vesting provided for in Section 2 above), by the Optionee or personal representative or guardian of the Optionee, as applicable, for a period ending on of three (3) years from the date of such termination of employment or until the expiration of the stated term Term of the Option, whichever period is the shorter.

Appears in 8 contracts

Samples: Qualified Stock Option Agreement (Community First Inc), Non Qualified Stock Option Agreement (Wilson Bank Holding Co), Qualified Stock Option Agreement (Community First Inc)

Termination by Reason of Disability. If the Optionee's ’s employment with the Company, any Subsidiary, and/or any Affiliate terminates by reason of Disability, the Option shall be immediately exercisable and may thereafter be exercised during the period ending on the expiration of the stated term of the Option.

Appears in 6 contracts

Samples: Grant Agreement (Torchmark Corp), Grant Agreement (Torchmark Corp), Grant Agreement (Torchmark Corp)

Termination by Reason of Disability. If the Optionee's employment with by the Company, any Subsidiary, and/or any Affiliate Company terminates by reason of Disability, the this Option shall be immediately exercisable and may thereafter be exercised during by the period ending on Optionee or personal representative or guardian of the Optionee, as applicable, until the expiration of the stated term original Term of the Option.

Appears in 3 contracts

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

Termination by Reason of Disability. If the Optionee's employment with by the Company, any Subsidiary, and/or any Affiliate Company terminates by reason of Disability, the this Option shall be immediately exercisable and may thereafter be exercised during by the period ending on Optionee or personal representative or guardian of the Optionee, as applicable, until the expiration of the stated term Term of the Option.

Appears in 3 contracts

Samples: Gaylord Entertainment Company Non Qualified Stock Option Agreement (Gaylord Entertainment Co /De), Non Qualified Stock Option Agreement (Luminex Corp), American Retirement Corporation Non Qualified Stock Option Agreement (American Retirement Corp)

Termination by Reason of Disability. If the Optionee's ’s employment with the Company, any Subsidiary, and/or and any Affiliate terminates by reason of Disability, the Option shall be immediately exercisable and may thereafter be exercised during the period ending on the expiration of the stated term of the Option.

Appears in 2 contracts

Samples: Grant Agreement (Torchmark Corp), Grant Agreement (Torchmark Corp)

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Termination by Reason of Disability. If the Optionee's ’s employment with by the Company, any Subsidiary, and/or any Affiliate Company terminates by reason of Disability, the this Option shall be immediately exercisable and may thereafter be exercised during by the period ending on Optionee or personal representative or guardian of the Optionee, as applicable, until the expiration of the stated term Term of the Option.

Appears in 2 contracts

Samples: Gaylord Entertainment Company Non Qualified Stock Option Agreement (Gaylord Entertainment Co /De), Non Qualified Stock Option Agreement (Luminex Corp)

Termination by Reason of Disability. If the Optionee's ’s employment with by the Company, any Subsidiary, and/or any Affiliate Company terminates by reason of Disability, the this Option shall be immediately exercisable and may thereafter be exercised during by the period ending on Optionee or personal representative or guardian of the Optionee, as applicable, until the expiration of the stated term Term of the Option.. (c)

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement

Termination by Reason of Disability. If the Optionee's ’s employment with the Company, any Subsidiary, and/or Subsidiary or any Affiliate terminates by reason of Disability, the Option shall be immediately exercisable and may thereafter be exercised during the period ending on the expiration of the stated term of the Option.

Appears in 1 contract

Samples: Grant Agreement (Waddell & Reed Financial Inc)

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