Common use of Termination of Employment for Disability Clause in Contracts

Termination of Employment for Disability. If the Participant ceases to be employed by the Company by reason of Disability, this Option shall, to the extent rights to purchase shares hereunder have vested as of the date of such Disability and have not been fully exercised, be exercisable, in whole or in part, at any time within the period of five (5) years following such termination of employment, subject, however, to prior expiration of the term of this Option and any other limitations upon its exercise in effect at the date of exercise. If the Participant dies after such Disability, this Option shall be exercisable in accordance with Section 8(e) hereof.

Appears in 3 contracts

Samples: Term Incentive Plan (Miller Herman Inc), Term Incentive Plan (Miller Herman Inc), Term Incentive Plan (Miller Herman Inc)

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Termination of Employment for Disability. If the Participant Employee ceases to be employed by the Company by reason of Disability, this Option shall, to the extent rights to purchase shares hereunder have vested as of the date of such Disability and have not been fully exercised, be exercisable, in whole or in part, at any time within the period of five (5) years following such termination of employment, subject, however, to prior expiration of the term of this Option and any other limitations upon its exercise in effect at the date of exercise. If the Participant Employee dies after such Disability, this Option shall be exercisable in accordance with Section paragraph 8(e) hereof.

Appears in 1 contract

Samples: Term Incentive Plan (Miller Herman Inc)

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Termination of Employment for Disability. If the Participant ceases to be employed by the Company by reason of Disability, this Option shall, to the extent rights to purchase shares hereunder have vested as of the date of such Disability and have not been fully exercised, be exercisable, in whole or in part, at any time within the period of five (5) years following such termination of employment, subject, however, to prior expiration of the term of this Option and any other limitations upon its exercise in effect at the date of exercise. If the Participant dies after such Disability, this Option shall be exercisable in accordance with Section 8(e) hereof.. (e)

Appears in 1 contract

Samples: Millerknoll, Inc.

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