Common use of Termination of Employment by Disability Clause in Contracts

Termination of Employment by Disability. If, without having fully exercised this Option, Optionee's employment with the Company is terminated by reason of Disability (as determined pursuant to the November 11, 1996, Employment Agreement by and between Kerr and Company, and any successor employment agreement (the "Empxxxxent Agreement")), any outstanding Options granted to Optionee that are not exercisable at the date of termination shall become fully exercisable, except for Options granted within six (6) months prior to the date of termination, which Options shall become fully exercisable on the next business day after the sixth month anniversary of the Date of Grant. Optionee shall have the same right to exercise this Option as Optionee had during his employment for a period ending on the Date of Expiration set forth above.

Termination of Employment by Disability. If, without having fully exercised this Option, Optionee's employment with the Company is terminated by reason of Disability (as determined pursuant to the November September 11, 19961991, Employment Agreement by and between Kerr and Company, and any successor employment agreement (the "Empxxxxent Emxxxxment Agreement")), any outstanding Options granted to Optionee that are not exercisable at the date of termination shall become fully exercisable, except for Options granted within six (6) months prior to the date of termination, which Options shall become fully exercisable on the next business day after the sixth month anniversary of the Date of Grant. Optionee shall have the same right to exercise this Option as Optionee had during his employment for a period ending on the Date of Expiration set forth above.

Termination of Employment by Disability. If, without having fully exercised this Option, Optionee's employment with the Company is terminated by reason of Disability (as determined pursuant to the November September 11, 19961991, Employment Agreement by and between Kerr and Company, and any successor employment agreement (the "Empxxxxent Agreement")), any outstanding Options granted to Optionee that are not exercisable at the date of termination shall become fully exercisable, except for Options granted within six (6) months prior to the date of termination, which Options shall become fully exercisable on the next business day after the sixth month anniversary of the Date of Grant. Optionee shall have the same right to exercise this Option as Optionee had during his employment for a period ending on the Date of Expiration set forth above.