Common use of Termination of Employment Disability Clause in Contracts

Termination of Employment Disability. If there is a Termination of Service of the Holder by reason of Disability, the Holder shall have the right for one (1) year after the date of Termination of Service to exercise this Nonqualified Stock Option to the extent this Nonqualified Stock Option is exercisable on the date of such Termination of Service, and thereafter, this Nonqualified Stock Option shall terminate and cease to be exercisable.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Applebees International Inc)

AutoNDA by SimpleDocs

Termination of Employment Disability. If there is a Termination of Service of the Holder by reason of Disability, this Nonqualified Stock Option shall immediately vest in full, and the Holder shall have the right for one three (13) year years after the date of Termination of Service to exercise this Nonqualified Stock Option to the extent this Nonqualified Stock Option is exercisable on the date of such Termination of ServiceOption, and thereafter, this Nonqualified Stock Option shall terminate and cease to be exercisable.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Applebees International Inc)

Termination of Employment Disability. If there is a Termination of Service of the Holder by reason of Disability, this Incentive Stock Option shall immediately vest in full, and the Holder shall have the right for one (1) year after the date of Termination of Service to exercise this Nonqualified Incentive Stock Option to the extent this Nonqualified Stock Option is exercisable on the date of such Termination of ServiceOption, and thereafter, this Nonqualified Incentive Stock Option shall terminate and cease to be exercisable.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Applebees International Inc)

AutoNDA by SimpleDocs

Termination of Employment Disability. If there is a Termination of Service of the Holder by reason of Disability, the Holder shall have the right for one (1) year after the date of such Termination of Service to exercise this Nonqualified Incentive Stock Option to the extent this Nonqualified Incentive Stock Option is exercisable on the date of such Termination of Service, Service date and thereafter, this Nonqualified Incentive Stock Option shall terminate and cease to be exercisable.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Applebees International Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!