Common use of Termination by Retirement Clause in Contracts

Termination by Retirement. In the event the employment of the Optionee is terminated by reason of Retirement, the Optionee's Options shall continue to vest in accordance with the original schedule (just as if the Optionee had remained employed) and shall remain exercisable at any time prior to the expiration of the lesser of five years or the remaining Exercise Term of the Options. In the event of the Optionee's death after Retirement, the Options shall continue to vest and be exercisable in accordance with this subsection (c) as if the Optionee had lived and the Options shall be exercisable by the persons described in (a) above.

Termination by Retirement. In the event the employment of the Optionee is terminated by reason of Retirement, the Optionee's Options Option shall continue to vest in accordance with the original schedule (just as if the Optionee had remained employed) and shall remain exercisable at any time prior to the expiration of the lesser of five (5) years from the date of termination or the remaining Exercise Term of the OptionsTerm. In the event of the Optionee's death after Retirement, the Options Option shall continue to vest and be exercisable in accordance with this subsection (c) as if the Optionee had lived and the Options Option shall be exercisable by the persons described in (a) above.

Termination by Retirement. In the event the employment of the Optionee is terminated by reason of Retirement, the Optionee's Options Option shall continue to vest in accordance with the original schedule (just as if the Optionee had remained employed) and shall remain exercisable at any time prior to the expiration end of the lesser Exercise Term, or for five (5) years after the date of five years or the remaining Exercise Term of the Optionstermination, whichever period is shorter. In the event of the Optionee's ’s death after Retirement, the Options Option shall continue to vest and be exercisable in accordance with this subsection (c) as if the Optionee had lived and the Options Option shall be exercisable by the persons described in (a) above.

Termination by Retirement. In the event the employment of the Optionee is terminated by reason of Retirement, the Optionee's Options shall continue to vest in accordance with the original schedule (just as if the Optionee had remained employed) and shall remain exercisable at any time prior to the expiration of the lesser of five years or the remaining Exercise Term of the OptionsTerm. In the event of the Optionee's death after Retirement, the Options shall continue to vest and be exercisable in accordance with this subsection (c) as if the Optionee had lived and the Options shall be exercisable by the persons described in (a) above.

Termination by Retirement. In the event the employment of the Optionee is terminated by reason of Retirement, the Optionee's Options Option shall continue to vest in accordance with be exercisable (to the original schedule (just as if extent the Optionee had remained employedOption was vested and exercisable on the date of termination of employment) and shall remain exercisable at any time prior to the expiration of the lesser of five (5) years from the date of termination or the remaining Exercise Term of the OptionsTerm. In the event of the Optionee's death after Retirement, the Options Option shall continue to vest and be exercisable in accordance with this subsection (c) as if the Optionee had lived and the Options Option shall be exercisable by the persons described in (a) above.

Termination by Retirement. In the event the employment of the Optionee is terminated by reason of Retirement, the Optionee's Options Option shall continue to vest in accordance with the original schedule (just as if the Optionee had remained employed) and shall remain exercisable at any time prior to the expiration end of the lesser Exercise Term, or for five (5) years after the date of five years or the remaining Exercise Term of the Optionstermination, whichever period is shorter. In the event of the Optionee's ’s death after Retirement, the Options shall continue to vest and be exercisable in accordance with this subsection (c) as if the Optionee had lived and the Options Option shall be exercisable by the persons described in (a) above.

Termination by Retirement. In the event the employment of the Optionee is terminated by reason of Retirement, the Optionee's Options Option shall continue to vest in accordance with be exercisable (to the original schedule (just as if extent the Optionee had remained employedOption was vested and exercisable on the date of termination of employment) and shall remain exercisable at any time prior to the expiration end of the lesser Exercise Term, or for five (5) years after the date of five years or the remaining Exercise Term of the Optionstermination, whichever period is shorter. In the event of the Optionee's ’s death after Retirement, the Options Option shall continue to vest and be exercisable in accordance with this subsection (c) as if the Optionee had lived and the Options Option shall be exercisable by the persons described in (a) above.

Termination by Retirement. In the event the employment of the Optionee is terminated by reason of Retirement, the Optionee's Options Option shall continue to vest in accordance with the original schedule (just as if the Optionee had remained employed) and shall remain exercisable at any time prior to the expiration of the lesser of five (5) years from the date of termination or the remaining Exercise Term of the OptionsTerm. In the event of the Optionee's death after Retirement, the Options shall continue to vest and be exercisable in accordance with this subsection (c) as if the Optionee had lived and the Options Option shall be exercisable by the persons described in (a) above.