Common use of Termination by Reason of Retirement Clause in Contracts

Termination by Reason of Retirement. If the Optionee's employment terminates by reason of the Optionee’s Retirement (as defined in Section 1 of the Plan), any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter be exercised by the Optionee for a period of 24 months from the date of termination or until the Expiration Date, if earlier.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Boston Private Financial Holdings Inc), Non Qualified Stock Option Agreement (Boston Private Financial Holdings Inc)

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Termination by Reason of Retirement. If the Optionee's employment terminates by reason of the Optionee’s 's Retirement (as defined in Section 1 of the Plan), any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter be exercised by the Optionee for a period of 24 months from the date of termination or until the Expiration Date, if earlier.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Boston Private Financial Holdings Inc), Non Qualified Stock Option Agreement (Boston Private Financial Holdings Inc)

Termination by Reason of Retirement. If the Optionee's ’s employment terminates by reason of the Optionee’s Retirement (as defined in Section 1 of the Plan)Retirement, any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter be exercised by the Optionee for a period of 24 12 months from the date of termination or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Time Based Non Qualified Stock Option Agreement (Boston Private Financial Holdings Inc)

Termination by Reason of Retirement. If the Optionee's ’s employment terminates by reason of the Optionee’s Retirement (as defined in Section 1 of the Plan)Retirement, any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter may, to the extent exercisable, be exercised by the Optionee for a period until the earlier of 24 (i) of 12 months from the later of (x) the date of termination the Optionee’s Retirement or until (y) the Vesting Date or (ii) the Expiration Date, if earlier.

Appears in 1 contract

Samples: Performance Based Non Qualified Stock Option Agreement (Boston Private Financial Holdings Inc)

Termination by Reason of Retirement. If the Optionee's employment terminates Optionee ceases to be an employee by reason of the Optionee’s Retirement (as defined in Section 1 of the Plan), any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter be exercised held by the Optionee may be exercised for a period of 24 months from the date of termination or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Boston Private Financial Holdings Inc)

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Termination by Reason of Retirement. If the Optionee's ’s employment terminates by reason of the Optionee’s Retirement (as defined in Section 1 of the Plan), any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter be exercised by the Optionee for a period of 24 months from the date of termination or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Boston Private Financial Holdings Inc)

Termination by Reason of Retirement. If the Optionee's ’s employment terminates by reason of the Optionee’s Retirement (as defined in Section 1 of the Plan), any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter be exercised by the Optionee for a period of 24 months from the date of termination or until the Expiration Date, if earlier.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Boston Private Financial Holdings Inc)

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