Common use of Termination by Reason of Retirement Clause in Contracts

Termination by Reason of Retirement. If the Employee’s employment is terminated due to his retirement the Employee may exercise the Option, subject to the limitations of Subsection 3.1(b), within thirty-six (36) months after Termination of Employment, but not later than the Option’s Expiration Date.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement, Non Qualified Stock Option Agreement (Avery Dennison Corporation), Non Qualified Stock Option Agreement (Avery Dennison Corporation)

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Termination by Reason of Retirement. If the Employee’s employment is terminated due to his retirement the Employee may exercise the Option, subject to the limitations of Subsection 3.1(b), within thirty-six sixty (3660) months after Termination of Employment, but not later than the Option’s Expiration Date.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Avery Dennison Corporation)

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