Common use of Termination/Eligibility for Retirement or Termination for Total Disability Clause in Contracts

Termination/Eligibility for Retirement or Termination for Total Disability. If (A) the Participant attains at least age 60 while still employed by the Company or an Affiliate and completes 5 or more years of continuous service with the Company and any of its Affiliates, or (B) the Participant’s employment with the Company or any of its Affiliates terminates as a result of a total disability, i.e., the inability to perform any job for which the Participant is reasonably suited by means of education, training or experience, then any unexercisable Options shall become immediately exercisable, and any unexercised Options shall expire on the Expiration Date.

Appears in 5 contracts

Samples: Ge Company Stock Option Award Agreement (Baker Hughes a GE Co), Stock Option Award Agreement (Bear Newco, Inc.), Stock Option Award Agreement (Bear Newco, Inc.)

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Termination/Eligibility for Retirement or Termination for Total Disability. If (A) the Participant attains at least age 60 while still employed by the Company or an Affiliate and completes 5 or more years of continuous service with the Company and any of its Affiliates, or (B) the Participant’s employment with the Company or any of its Affiliates terminates as a result of a total disability, i.e., the inability to perform any job for which the Participant is reasonably suited by means of education, training or experience, then any unexercisable Options the Option shall become immediately exercisable, exercisable in full and any unexercised Options the Option shall expire on remain exercisable until the Expiration Date.

Appears in 1 contract

Samples: Baker Hughes a GE Co

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