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Common use of Termination of Employment Due to Death, Disability or Retirement Clause in Contracts

Termination of Employment Due to Death, Disability or Retirement. If the Grantee’s termination of employment is due to death, Disability, or Retirement (termination on or after age 65), or if Grantee terminates employment after age 55, the following shall apply:

Appears in 3 contracts

Samples: Stock Appreciation Rights Agreement (Zep Inc.), Stock Appreciation Rights Agreement (Zep Inc.), Stock Appreciation Rights Agreement (Zep Inc.)

Termination of Employment Due to Death, Disability or Retirement. If the Grantee’s termination of employment is due to death, Disability, or Retirement (for purposes of this Agreement, “Retirement” means voluntary termination on or after age 65), or if Grantee terminates employment after age 55, the following shall apply:

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Zep Inc.)