Common use of Termination by Reason of Disability Clause in Contracts

Termination by Reason of Disability. If the Optionee’s Service terminates by reason of Disability, the Option may thereafter be exercised by the Optionee or his or her 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 last day of the stated term of such 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.)

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Termination by Reason of Disability. If the Optionee’s Service service with the Company or any affiliate terminates by reason of DisabilityDisability (as defined below), the Option held by such Optionee may thereafter be exercised by the Optionee or his or her personal representative, to the extent it was exercisable at the time of termination, for a period ending 12 Months months following the date of termination (or, if sooner, on the last day of the stated term of such Option as provided in Section 3 of this AgreementOption).

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)

Termination by Reason of Disability. If the Optionee’s Service terminates by reason of Disability, the Option may thereafter be exercised by the Optionee or his or her personal representative, to the extent it was exercisable at the time of termination, for a period ending 12 Months twelve months following the date of termination (or, if sooner, on the last day of the stated term of such 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 In the event of the Optionee’s termination of Service terminates by reason of Disability”), the Option may thereafter be exercised by the Optionee or his or her personal representativeOption, to the extent it was vested and exercisable at the time of terminationsuch termination of Service, for a period ending 12 Months following shall terminate and no longer be exercisable upon the earlier of (A) the expiration date of the Option set forth in Section 5(a) hereof, and (B) the date that is 12 months following such termination of termination (or, if sooner, on the last day of the stated term of such Option as provided in Section 3 of this Agreement)Service.

Appears in 1 contract

Samples: Inducement Award Stock Option Agreement (Delcath Systems, Inc.)

Termination by Reason of Disability. If In the event of the Optionee’s termination of Service terminates by reason of Disability, the Option may thereafter be exercised by the Optionee or his or her personal representativeOption, to the extent it was vested and exercisable at the time of terminationsuch termination of Service, for a period ending 12 Months following shall terminate and no longer be exercisable upon the earlier of (A) the Expiration Date set forth in the Grant Notice, and (B) the date that is 12 months following such termination of termination (or, if sooner, on the last day of the stated term of such Option as provided in Section 3 of this Agreement)Service.

Appears in 1 contract

Samples: Stock Option Agreement (Delcath Systems, Inc.)

Termination by Reason of Disability. If the Optionee’s Service employment terminates by reason of DisabilityDisability (as defined in the Plan), the any Option may thereafter be exercised held by the Optionee or his or her personal representativemay be exercised, to the extent it was exercisable at on the time date of termination, for a period ending 12 Months following of twelve months (12) from the date of termination (oror until the Expiration Date, if sooner, on the last day of the stated term of such Option as provided in Section 3 of this Agreement)earlier.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Brooktrout Inc)

Termination by Reason of Disability. If In the event of the Optionee’s termination of Service terminates by reason of Disability” (as defined in the Employment Agreement), the Option may thereafter be exercised by the Optionee or his or her personal representativeOption, to the extent it was vested and exercisable at the time of terminationsuch termination of Service, for a period ending 12 Months following shall terminate and no longer be exercisable upon the earlier of (A) the expiration date of the Option set forth in Section 5(a) hereof, and (B) the date that is 12 months following such termination of termination (or, if sooner, on the last day of the stated term of such Option as provided in Section 3 of this Agreement)Service.

Appears in 1 contract

Samples: Inducement Award Stock Option Award Agreement (Delcath Systems, Inc.)

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Termination by Reason of Disability. If the Optionee’s Service employment terminates by reason of DisabilityDisability (as defined in Section 22(e)(3) of the Code), the any Option may thereafter be exercised held by the Optionee or his or her personal representativemay be exercised, to the extent it was exercisable at on the time date of termination, for a period ending 12 Months following of one (1) year from the date of termination (oror until the Expiration Date, if sooner, on the last day of the stated term of such Option as provided in Section 3 of this Agreement)earlier.

Appears in 1 contract

Samples: Option and Incentive Plan Incentive Stock Option Agreement (Brooktrout Inc)

Termination by Reason of Disability. If the Optionee’s Service with the Company terminates by reason of DisabilityDisability (as defined below), the this Option may thereafter be exercised by the Optionee or his or her personal representativeexercised, to the extent it the Option was exercisable at the time of such termination, by the Optionee or personal representative or guardian of the Optionee, as applicable, for a period ending 12 Months following of one (1) year from the date of such termination (or, if sooner, on of Service or until the last day Expiration Date of the stated term of such Option as provided in Section 3 of this Agreement)Option, whichever period is the shorter.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Surgivision Inc)

Termination by Reason of Disability. If the Optionee’s Service with the Company terminates by reason of Disability, the this Option may thereafter be exercised by the Optionee or his or her personal representativeexercised, to the extent it the Option was exercisable at the time of such termination, by the Optionee or personal representative or guardian of the Optionee, as applicable, for a period ending 12 Months following of one (1) year from the date of such termination (or, if sooner, on of Service or until the last day expiration of the stated term Term of such Option as provided in Section 3 of this Agreement)the Option, whichever period is the shorter.

Appears in 1 contract

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

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