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: Stock Option Grant Agreement (Globe Life Inc.), Stock Option Grant Agreement (Globe Life Inc.), Stock Option Grant Agreement (Globe Life Inc.)

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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: Non Qualified Stock Option Grant Agreement (Torchmark Corp), Non Qualified Stock Option Grant Agreement (Torchmark Corp), Non Qualified Stock Option Grant Agreement (Torchmark 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.

Appears in 3 contracts

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

Termination by Reason of Disability. If the Optionee's employment ’s service with the Company, Company or any Subsidiary, and/or any Affiliate affiliate terminates by reason of DisabilityDisability (as defined below), the Option shall be immediately exercisable and held by such Optionee may thereafter be exercised during by the Optionee or his personal representative, to the extent it was exercisable at the time of termination, for a period ending 12 months following the date of termination (or, if sooner, on the expiration last day of the stated term of the such Option).

Appears in 3 contracts

Samples: Non Qualified Stock Option Award Agreement (Igi Inc), Non Qualified Stock Option Award Agreement (Igi Inc), Non Qualified Stock Option Award Agreement (Igi Inc)

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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), Performance Based Non Qualified Stock Option Agreement (Luminex Corp), Non Qualified Stock Option Agreement (Luminex 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: Non Qualified Stock Option Grant Agreement (Torchmark Corp), Non Qualified Stock Option Grant Agreement (Torchmark Corp)

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: Non Qualified Stock Option Grant Agreement (Waddell & Reed Financial Inc)

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