Common use of Termination of Employment by Reason of Death or Disability Clause in Contracts

Termination of Employment by Reason of Death or Disability. Upon a termination of the Participant's employment with the Company or any Affiliate thereof, including if the Participant's employer ceases to be an Affiliate of the Company ("Termination of Employment"), by reason of death or disability (as determined by the Committee in its sole discretion), the Option shall become fully exercisable and may thereafter be exercised (in whole or in part) by the legal representative or legatee of the Participant, for a period of one (1) year (or such longer period as the Committee shall specify at any time) from the date of Termination of Employment, or until the expiration of the stated term of the Option, if earlier, at which time all rights of the Participant or the Participant's legal representative or legatee in such Option shall terminate.

Termination of Employment by Reason of Death or Disability. Upon a termination of the ParticipantOptionee's employment with the Company Trust or any Affiliate thereof, including if the ParticipantOptionee's employer ceases to be an Affiliate of the Company Trust ("Termination of Employment"), by reason of death or disability (as determined by the Committee in its sole discretion), the Option shall become fully exercisable and may thereafter be exercised (in whole or in part) by the legal representative or legatee of the ParticipantOptionee, for a period of one (1) year (or such longer period as the Committee shall specify at any time) from the date of Termination of Employment, or until the expiration of the stated term of the Option, if earlier, at which time all rights of the Participant Optionee or the ParticipantOptionee's legal representative or legatee in such Option shall terminate.