Common use of Termination by Reason of Disability Clause in Contracts

Termination by Reason of Disability. If the Optionee’s employment by the Company terminates by reason of Disability, this Option may thereafter be 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 of three (3) years from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 8 contracts

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

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Termination by Reason of Disability. If the Optionee’s employment by the Company Service terminates by reason of Disability, this the Option may thereafter be exercisedexercised by the Optionee or his or her personal representative, to the extent the Option it 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 applicabletermination, for a period of three (3) years from ending 12 Months following the date of such termination of employment or until (or, if sooner, on the expiration last day of the Term stated term of the Option, whichever period is the shortersuch Option as provided in Section 3 of this Agreement).

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Lululemon Athletica Inc.), Non Qualified Stock Option Agreement (Lululemon Athletica Inc.), Non Qualified Stock Option Agreement (Lululemon Athletica Inc.)

Termination by Reason of Disability. If the Optionee’s employment by the Company terminates by reason of Disability, this Option may thereafter be 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), exercised by the Optionee or personal representative or guardian of the Optionee, as applicable, but only if the Market-Vesting Conditions has been satisfied, for a period of three (3) years from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Chefs' Warehouse, Inc.), Non Qualified Stock Option Agreement (Chefs' Warehouse, Inc.), Non Qualified Stock Option Agreement (Chefs' Warehouse, Inc.)

Termination by Reason of Disability. If the Optionee’s employment by service as a director of the Company terminates by reason of Disability, this Option may thereafter be 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 of three (3) years from the date of such termination of employment service as a director or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 3 contracts

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

Termination by Reason of Disability. If the Optionee’s employment by the Company Service terminates by reason of Disability, this the Option may thereafter be exercisedexercised by the Optionee or his or her personal representative, to the extent the Option it 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 applicabletermination, for a period of three (3) years from ending twelve months following the date of such termination of employment or until (or, if sooner, on the expiration last day of the Term stated term of the Option, whichever period is the shortersuch Option as provided in Section 3 of this Agreement).

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Lululemon Athletica Inc.), Non Qualified Stock Option Agreement (Lululemon Athletica Inc.)

Termination by Reason of Disability. If the Optionee’s 's employment by the Company terminates by reason of Disability, this Option may thereafter be 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), exercised by the Optionee or personal representative or guardian of the Optionee, as applicable, for a period of three (3) years from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Performance Food Group Co), Non Qualified Stock Option Agreement (Performance Food Group Co)

Termination by Reason of Disability. If the Optionee’s 's employment by the Company terminates by reason of Disability, this Option may thereafter be 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)termination, by the Optionee or personal representative or guardian of the Optionee, as applicable, for a period of three one (31) years year from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Genesco Inc), Non Qualified Stock Option Agreement (Genesco Inc)

Termination by Reason of Disability. If the Optionee’s employment by the Company terminates by reason of Disability, this Option may thereafter be 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)termination, by the Optionee or personal representative or guardian of the Optionee, as applicable, for a period of three (3) years from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (HealthSpring, Inc.), Non Qualified Stock Option Agreement (Healthstream Inc)

Termination by Reason of Disability. If the Optionee’s 's employment by the Company terminates by reason of Disability, this Option may thereafter be 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), exercised by the Optionee or personal representative or guardian of the Optionee, as applicable, for a period of three (3) years from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Bright Horizons Family Solutions Inc), Non Qualified Stock Option Agreement (HealthSpring, Inc.)

Termination by Reason of Disability. If the Optionee’s employment by the Company terminates by reason of Disability, this Option may thereafter be 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 of three twelve (312) years months from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Community First Inc), Incentive Stock Option Agreement (Community First Inc)

Termination by Reason of Disability. If the Optionee’s employment by the Company terminates by reason of Disability, this Option may thereafter be 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), exercised by the Optionee or personal representative or guardian of the Optionee, as applicable, to the extent the Optionee was entitled to exercise it at the date of the Optionee’s Disability, for a period of three (3) years one year from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Pinnacle Financial Partners Inc)

Termination by Reason of Disability. If the Optionee’s 's employment by with the Company terminates by reason of Disability, this the Option may thereafter be exercised, to the extent the Option was exercisable at the time of such termination (after giving effect exercised as to any acceleration of vesting provided for in Section 2 above), by the Optionee or personal representative or guardian Option Shares exercisable as of the Optionee, as applicable, date of termination by reason of Disability for a period of three (3) years 12 months from the date of such termination of employment or until the expiration of the Term stated term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Juno Lighting Inc)

Termination by Reason of Disability. If the Optionee’s employment by the Company terminates by reason of DisabilityDisability (as defined in Section 22(e)(3) of the Code), this any Option held by the Optionee may thereafter be exercised, to the extent exercisable on the Option was exercisable at the time date 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 applicabletermination, for a period of three one (31) years year from the date of such termination of employment or until the expiration of the Term of the OptionExpiration Date, whichever period is the shorterif earlier.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Brooktrout Inc)

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

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Civitas Bankgroup Inc)

Termination by Reason of Disability. If the Optionee’s 's employment by the Company terminates by reason of Disability, this Option may thereafter be 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), exercised by the Optionee or personal representative or guardian of the Optionee, as applicable, to the extent the Optionee was entitled to exercise it at the date of the Optionee's Disability, for a period of three (3) years one year from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Pinnacle Financial Partners Inc)

Termination by Reason of Disability. If the Optionee’s 's employment by the Company terminates by reason of Disability, this Option may thereafter be 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), exercised by the Optionee or personal representative or guardian of the Optionee, as applicable, for a period of three (3) years one year from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Luminex Corp)

Termination by Reason of Disability. If the Optionee’s employment by the Company terminates by reason of Disability, this Option may thereafter be 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)termination, by the Optionee or personal representative or guardian of the Optionee, as applicable, for a period of three one (31) years year from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Healthstream Inc)

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Termination by Reason of Disability. If the Optionee’s employment by the Company terminates by reason of Disability, this Option may thereafter be 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), exercised by the Optionee or personal representative or guardian of the Optionee, as applicable, for a period of three one (31) years year from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Emdeon Inc.)

Termination by Reason of Disability. If the Optionee’s employment by the Company terminates by reason of Disability, this Option may thereafter be 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), exercised by the Optionee or personal representative or guardian of the Optionee, as applicable, for a period of three (3) years from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (HealthSpring, Inc.)

Termination by Reason of Disability. If the Optionee’s 's employment by the Company terminates by reason of Disability, this Option may thereafter be 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)termination, by the Optionee or personal representative or guardian of the Optionee, as applicable, for a period of three (3) years one year from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Pinnacle Financial Partners Inc)

Termination by Reason of Disability. If the Optionee’s employment by 's position as a director of the Company terminates by reason of Disability, this Option may thereafter be 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), exercised by the Optionee or personal representative or guardian of the Optionee, as applicable, to the extent that the Optionee was entitled to exercise it at the date of Optionee's Disability for a period of three (3) years one year from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Performance Food Group Co)

Termination by Reason of Disability. If the Optionee’s 's employment by the Company terminates by reason of Disability, this Option may thereafter be 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)termination, by the Optionee or personal representative or guardian of the Optionee, as applicable, for a period of three (3) years from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Alexanders J Corp)

Termination by Reason of Disability. If the Optionee’s employment by with the Company terminates by reason of Disability, this Option may thereafter be 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)termination, by the Optionee or personal representative or guardian of the Optionee, as applicable, for a period of three (3) years one year from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Mri Interventions, Inc.)

Termination by Reason of Disability. If the Optionee’s 's employment by the Company terminates by reason of Disability, this Option may thereafter be 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)termination, by the Optionee or personal representative or guardian of the Optionee, as applicable, for a period of three (3) years from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.,

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Alexanders J Corp)

Termination by Reason of Disability. If the Optionee’s employment by 's position as a director of the Company terminates by reason of Disability, this Option may thereafter be 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), exercised by the Optionee or personal representative or guardian of the Optionee, as applicable, to the extent that the Optionee was entitled to exercise it at the date of Optionee's Disability for a period of three (3) years from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Alexanders J Corp)

Termination by Reason of Disability. If the Optionee’s employment by the Company or service as a director of the Company (whichever occurs later) terminates by reason of Disability, this Option may thereafter be 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 of three (3) years from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Wilson Bank Holding Co)

Termination by Reason of Disability. If the Optionee’s employment by Service with the Company terminates by reason of DisabilityDisability (as defined below), this Option may thereafter be 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)termination, by the Optionee or personal representative or guardian of the Optionee, as applicable, for a period of three one (31) years year from the date of such termination of employment Service or until the expiration of the Term Expiration Date of the Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Surgivision Inc)

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