Common use of Termination Due to Retirement Clause in Contracts

Termination Due to Retirement. Subject to Section 7 below, in the event of Termination due to Retirement, then (regardless of any subsequent death of the Employee) the Option will continue to vest pursuant to Section 3, and the last date on which the Option may be exercised is the day prior to the Expiration Date.

Appears in 12 contracts

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

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Termination Due to Retirement. Subject to Section 7 6 below, in the event of Termination due to Retirement, then (regardless of any subsequent death of the Employee) the Option will continue to vest pursuant to Section 3, and the last date on which the Option may be exercised is the day prior to the Expiration Date.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Abbott Laboratories), Non Qualified Stock Option Agreement (Abbott Laboratories), Non Qualified Stock Option Agreement (Abbott Laboratories)

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Termination Due to Retirement. Subject to Section Sections 7 and 8 below, in the event of Termination due to Retirement, then (regardless of any subsequent death of the Employee) the Option will continue to vest pursuant to Section 3, and the last date on which the Option may be exercised is the day prior to the Expiration Date.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (AbbVie Inc.)

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