Common use of Termination Due to Disability Clause in Contracts

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7, 2021, or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to Disability, the Option shall immediately become 100% vested.

Appears in 3 contracts

Samples: Non Qualified Stock Option Award Agreement (Xylem Inc.), 2011 Non Qualified Stock Option Award Agreement Founders Grant (Xylem Inc.), 2011 Non Qualified Stock Option Award Agreement (Exelis Inc.)

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Termination Due to Disability. If the Optionee’s employment is terminated as a result terminates by reason of the Optionee’s Disability (as defined below)Disability, the Option shall expire on the earlier of November 7, 2021, or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of this Option outstanding on such date, to the extent exercisable on the date of termination, may thereafter be exercised by the Optionee for a period of 6 months from the date of termination or until the Expiration Date, if earlier. Any portion of this Option that is not vested at exercisable on the time date of the termination shall terminate immediately and be of the Optionee’s employment due to Disability, the Option shall immediately become 100% vestedno further force or effect.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Citrix Systems Inc), Stock Option Agreement (Citrix Systems Inc)

Termination Due to Disability. If the Optionee’s employment is terminated as a result terminates by reason of the Optionee’s Disability (as defined belowin the Plan), any Option held by the Option Optionee shall expire on become fully exercisable and may thereafter be exercised by the earlier Optionee for a period of November 7, 2021, or 12 months from the date five years after of termination or until the termination Expiration Date, if earlier. The death of the Optionee’s employment due to Disability. If all Optionee during the 12-month period provided in this Section 3(b) shall extend such period for another 12 months from the date of death or any portion of until the Option is not vested at the time of the termination of the Optionee’s employment due to DisabilityExpiration Date, the Option shall immediately become 100% vestedif earlier.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement for Company Employees (Stockeryale Inc), Annual Grant Non Qualified Stock Option Agreement (Stockeryale Inc)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7[Month, 2021Day, Year], or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to Disability, the Option shall immediately become 100% vested.

Appears in 2 contracts

Samples: Omnibus Incentive Plan (Exelis Inc.), Non Qualified Stock Option Award Agreement (Exelis Inc.)

Termination Due to Disability. If the Optionee’s employment is terminated terminates by reason of disability (as determined by the Administrator), any Option held by the Optionee shall become fully exercisable and may thereafter be exercised by the Optionee for a result period of twelve (12) months from the date of termination or until the Expiration Date, if earlier. The death of the Optionee’s Disability (as defined below), Optionee during the Option 12-month period provided in this Section 3(b) shall expire on the earlier of November 7, 2021, or extend such period for another 12 months from the date five years after of death or until the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to DisabilityExpiration Date, the Option shall immediately become 100% vestedif earlier.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Zoll Medical Corporation), Incentive Stock Option Agreement (Zoll Medical Corporation)

Termination Due to Disability. If the Optionee’s employment is terminated as a result terminates by reason of the Optionee’s Disability (as defined belowdetermined by the Committee), this Option may be exercised, to the extent exercisable on the date of termination, by the Optionee for a period of 12 months from the date of termination or until the Option expires, if earlier. The death of the Optionee during the 12-month period provided in this Section 3(b) shall expire on the earlier of November 7, 2021, or extend such period for another 12 months from the date five years after of death or until the termination of the Optionee’s employment due to Disability. If all or any portion of date the Option is not vested at the time of the termination of the Optionee’s employment due to Disabilityexpires, the Option shall immediately become 100% vestedif earlier.

Appears in 2 contracts

Samples: Option Agreement (Geno LLC), Option Agreement (Geno LLC)

Termination Due to Disability. If the Optionee’s employment is terminated as a result (or other business relationship) terminates by reason of the Optionee’s Disability (as defined below), any Option held by the Option Optionee shall expire be automatically vested on the earlier date of November 7termination, 2021and shall be exercisable for a period of twelve (12) months from the date of termination, or until the Expiration Date, if earlier. The death of the Optionee during the twelve (12) month period provided in this Section 4(b) shall extend such period for six (6) months from the date five years after of death or until the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to DisabilityExpiration Date, the Option shall immediately become 100% vestedif earlier.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Avalonbay Communities Inc), Incentive Stock Option Agreement (Avalonbay Communities Inc)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7February 25, 20212025, or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s 's employment due to Disability, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: 2011 Omnibus Incentive Plan (ITT Corp)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7February 19, 20212026, or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s 's employment due to Disability, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: Omnibus Incentive Plan (ITT Corp)

Termination Due to Disability. If the Optionee’s 's employment is terminated as a result of the Optionee’s 's Disability (as defined below), the Option shall expire on the earlier of November 7, 2021, (seven years from the grant date) or the date five years after the termination of the Optionee’s 's employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to Disability's employment, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (Itt Industries Inc)

Termination Due to Disability. If the Optionee’s employment is terminated 's Continuous Status as an Employee or Consultant terminates as a result of the Optionee’s Disability 's permanent and total disability (as defined belowin Internal Revenue Code Section 22(e)(3)), then Optionee may exercise the Option, up to the extent otherwise so entitled at the date of termination of Continuous Status, for up to 12 months after the date of termination of Continuous Status, but in no event later than the Expiration Date, to the extent Optionee has not exercised the Option shall expire on the earlier of November 7, 2021, or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to Disability, the Option shall immediately become 100% vestedbefore that time.

Appears in 1 contract

Samples: Option Agreement (PMC Sierra Inc)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7March 3, 2021, 2021 or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to Disability, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: 2011 Non Qualified Stock Option Award Agreement (ITT Corp)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7[month, 2021day, year], or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to Disability, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (ITT Corp)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7, 2021, or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to Disability, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (Exelis Inc.)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7March 4, 20212024, or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s 's employment due to Disability, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: Omnibus Incentive Plan (ITT Corp)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7March 5, 20212023, or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to Disability, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (ITT Corp)

Termination Due to Disability. If the Optionee’s employment is terminated 's Continuous Status as an Employee or Consultant terminates as a result of the Optionee’s Disability 's permanent and total disability (as defined belowin Internal Revenue Code Section 22(e)(3)), then the Optionee may exercise the Option, up to the extent otherwise so entitled at the date of termination of Continuous Status, for up to 12 months after the date of termination of Continuous Status, but in no event later than the Expiration Date, to the extent Optionee has not exercised the Option shall expire on the earlier of November 7, 2021, or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to Disability, the Option shall immediately become 100% vestedbefore that time.

Appears in 1 contract

Samples: Stock Option Agreement (PMC Sierra Inc)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7March 3, 2021, or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to Disability, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: Qualified Stock Option Award Agreement (ITT Corp)

Termination Due to Disability. If the Optionee’s 's employment is terminated as a result of the Optionee’s 's Disability (as defined below), the Option shall expire on the earlier of November 7, 2021, (seven years from the grant date) or the date five years after the termination of the Optionee’s 's employment due to Disability. If all or any portion of the Option is not vested at the time of the Optionee's termination of the Optionee’s employment due to Disabilityemployment, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: Employee Option Agreement (Itt Industries Inc)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7(month, 2021day, year — option expiration date), or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to Disability, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (Itt Corp)

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Termination Due to Disability. If the Optionee’s employment is terminated as a result terminates by reason of the Optionee’s Disability (as defined belowdetermined by the Committee), this Option may be exercised by the Optionee for a period of 12 months from the date of termination or until the Option expires, if earlier. The death of the Optionee during the 12-month period provided in this Section 3(a) shall expire on the earlier of November 7, 2021, or extend such period for another 12 months from the date five years after of death or until the termination of the Optionee’s employment due to Disability. If all or any portion of date the Option is not vested at the time of the termination of the Optionee’s employment due to Disabilityexpires, the Option shall immediately become 100% vestedif earlier.

Appears in 1 contract

Samples: Option Agreement (Geno LLC)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7(month, 2021day, year — option expiration date), or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to Disability, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (Itt Corp)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7, 2021[Term_due_to_Disability], or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s 's employment due to Disability, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: Omnibus Incentive Plan (Vectrus, Inc.)

Termination Due to Disability. If the Optionee’s 's employment is terminated as a result terminates by reason of the Optionee’s Disability (as defined belowin Section 1 of the Plan), this Option may be exercised, to the Option shall expire extent exercisable on the earlier date of November 7termination, 2021, or for a period of twelve (12) months from the date five years after of termination or until the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to DisabilityExpiration Date, the Option shall immediately become 100% vestedif earlier.

Appears in 1 contract

Samples: Employment Agreement (Strategic Diagnostics Inc/De/)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7March 8, 20212022, or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to Disability, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (ITT Corp)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7, 2021[Expiration_Date], or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s 's employment due to Disability, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: Omnibus Incentive Plan (Vectrus, Inc.)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7___________, 2021, 20__ or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to Disability, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: Equity Incentive Plan (ITT Corp)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7_________, 202120__, or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to Disability, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: Qualified Stock Option Award Agreement (ITT Corp)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7[month, 2021day, year] or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to Disability, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: Itt Corporation 2003 Equity Incentive Plan (ITT Corp)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7March 2, 20212022, or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to Disability, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: 2011 Omnibus Incentive Plan (Xylem Inc.)

Termination Due to Disability. If the Optionee’s employment is terminated as a result terminates by reason of the Optionee’s Disability disability (as defined belowdetermined by the Committee), the Option shall expire on the earlier of November 7, 2021, or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of this Premium Option outstanding on such date, to the extent exercisable on the date of such termination of employment, may thereafter be exercised by the Optionee for a period of 12 months from the date of disability or until the Expiration Date, if earlier. Any portion of this Premium Option that is not vested at exercisable on the time date of the termination disability shall terminate immediately and be of the Optionee’s employment due to Disability, the Option shall immediately become 100% vestedno further force or effect.

Appears in 1 contract

Samples: Premium Non Qualified Stock Option Agreement for Employees (Ponce Financial Group, Inc.)

Termination Due to Disability. If the Optionee’s employment is terminated as a result of the Optionee’s Disability (as defined below), the Option shall expire on the earlier of November 7March 8, 20212022, or the date five years after the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to Disability, the Option shall immediately become 100% vested.

Appears in 1 contract

Samples: 2011 Omnibus Incentive Plan (ITT Corp)

Termination Due to Disability. If the Optionee’s 's employment is terminated as a result terminates by reason of the Optionee’s Disability (as defined belowin Section 22(e)(3) of the Internal Revenue Code of 1986, as amended (the "Code")), any Option held by the Option Optionee shall expire on become fully exercisable and may thereafter be exercised by the earlier Optionee for a period of November 7, 2021, or twelve (12) months from the date five years after of termination or until the termination of the Optionee’s employment due to Disability. If all or any portion of the Option is not vested at the time of the termination of the Optionee’s employment due to DisabilityExpiration Date, the Option shall immediately become 100% vestedif earlier.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Wyndham International Inc)

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