Termination of Employment Due to Death, Disability or Retirement. If your employment by PRG, its Subsidiaries or Affiliates terminates by reason of your death, Disability, or Retirement (see below for definitions)(i) your Options that are unvested as of the date of termination of your employment will terminate as of the date of the termination of your employment, and (ii) you (or your estate) can exercise any portion of your vested Options at any time within ninety (90) days after the date of termination of employment. After such 90-day period, the unexercised, but vested Options shall terminate.
Appears in 4 contracts
Samples: Qualified Stock Option Agreement (Profit Recovery Group International Inc), Option Agreement (Profit Recovery Group International Inc), Option Agreement (Profit Recovery Group International Inc)
Termination of Employment Due to Death, Disability or Retirement. If your employment by PRG, its Subsidiaries or Affiliates terminates by reason of your death, Disability, or Retirement (see below for definitions)(idefinitions), (i) your Options that are unvested as of the date of termination of your employment will terminate as of the date of the termination of your employment, and (ii) you (or your estate) can exercise any portion of your vested Options at any time within ninety (90) days after the date of termination of employment. After such 90-day period, the unexercised, but vested Options shall terminate.
Appears in 1 contract
Samples: Qualified Stock Option Agreement (Profit Recovery Group International Inc)
