Termination of Employment by Reason of Disability. If Optionee's ------------------------------------------------- employment with the Company and/or any Subsidiary terminates by reason of Disability, then the Option shall immediately become exercisable in full (notwithstanding Section 2 above), and the Option may thereafter be exercised, in whole or in part, for a period of three (3) years from the date of such termination of employment or until the expiration of the Option Term, whichever period is the shorter; and if Optionee dies within such period, any unexercised Option held by Optionee shall thereafter be exercisable, in whole or in part, for the remainder of such period.
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Samples: Non Qualified Stock Option Agreement (Alabama National Bancorporation), Non Qualified Stock Option Agreement (Alabama National Bancorporation), Non Qualified Stock Option Agreement (Alabama National Bancorporation)
Termination of Employment by Reason of Disability. If Optionee's ------------------------------------------------- ’s employment with the Company and/or any Subsidiary terminates by reason of Disability, then the Option shall immediately become exercisable in full (notwithstanding Section 2 above), and the Option may thereafter be exercised, in whole or in part, for a period of three one (31) years year from the date of such termination of employment or until the expiration of the Option Term, whichever period is the shorter; and if Optionee dies within such period, any unexercised Option held by Optionee shall thereafter be exercisable, in whole or in part, for the remainder of such period.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Computer Programs & Systems Inc)
Termination of Employment by Reason of Disability. If Optionee's ------------------------------------------------- employment with the Company and/or any Subsidiary terminates by reason of Disability, then the Option shall immediately become exercisable in full (notwithstanding Section 2 above), and the Option may thereafter be exercised, in whole or in part, for a period of three one (31) years year from the date of such termination of employment or until the expiration of the Option Term, whichever period is the shorter; and if Optionee dies within such period, any unexercised Option held by Optionee shall thereafter be exercisable, in whole or in part, for the remainder of such period.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Computer Programs & Systems Inc)
Termination of Employment by Reason of Disability. If Optionee's ------------------------------------------------- ’s employment with the Company and/or any Subsidiary terminates by reason of Disability, then the Option shall immediately become exercisable in full (notwithstanding Section 2 above), and the Option may thereafter be exercised, in whole or in part, for a period of three (3) years from the date of such termination of employment or until the expiration of the Option Term, whichever period is the shorter; and if Optionee dies within such period, any unexercised Option held by Optionee shall thereafter be exercisable, in whole or in part, for the remainder of such period.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Alabama National Bancorporation)