Common use of Termination of Employment for Reasons Other Than Retirement, Disability or Death Clause in Contracts

Termination of Employment for Reasons Other Than Retirement, Disability or Death. In the event the Participant ceases to be employed by the Company for any reason other than Retirement (as defined below) or on account of Disability or death, this Option shall, to the extent rights to pur-chase shares hereunder have vested at the date of such termination and shall not have been fully exercised, be exercisable, in whole or in part, at any time within a period of three (3) months following cessation of the Participant's 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.

Appears in 2 contracts

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

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Termination of Employment for Reasons Other Than Retirement, Disability or Death. In the event the Participant Employee ceases to be employed by the Company for any reason other than Retirement (as defined below) or on account of Disability or death, this Option shall, to the extent rights to pur-chase purchase shares hereunder have vested at the date of such termination and shall not have been fully exercised, be exercisable, in whole or in part, at any time within a period of three (3) months following cessation of the Participant's Employee’s 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.

Appears in 2 contracts

Samples: Term Incentive Plan Stock Option Agreement (Miller Herman Inc), Term Incentive Plan Stock Option Agreement (Miller Herman Inc)

Termination of Employment for Reasons Other Than Retirement, Disability or Death. In If the event the Participant Employee ceases to be employed by the Company for any reason other than Retirement (as defined below) retirement or on account of Disability disability or death, this Option shall, to the extent rights to pur-chase purchase shares hereunder have vested accrued at the date of such termination and shall not have been fully exercised, be exercisable, in whole or in part, at any time within a period of three (3) months following cessation of the ParticipantEmployee's 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.

Appears in 1 contract

Samples: Stock Option Agreement (Independent Bank Corp /Mi/)

Termination of Employment for Reasons Other Than Retirement, Disability or Death. In the event the Participant ceases to be employed by the Company for any reason other than Retirement (as defined below) or on account of Disability or death, this Option shall, to the extent rights to pur-chase shares hereunder have vested at the date of such termination and shall not have been fully exercised, be exercisable, in whole or in part, at any time within a period of three (3) months following cessation of the Participant's 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.

Appears in 1 contract

Samples: Term Incentive Plan (Miller Herman Inc)

Termination of Employment for Reasons Other Than Retirement, Disability or Death. In If the event the Participant Employee ceases to be employed by the Company for any reason other than Retirement (as defined below) retirement or on account of Disability disability or death, this Option shall, to the extent rights to pur-chase purchase shares hereunder have vested accrued at the date of such termination and shall not have been fully exercised, be exercisable, in whole or in part, at any time within a period of three (3) months following cessation of the Participant's Employee’s 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.

Appears in 1 contract

Samples: Stock Option Agreement (Independent Bank Corp /Mi/)

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Termination of Employment for Reasons Other Than Retirement, Disability or Death. In the event the Participant Employee ceases to be employed by the Company for any reason other than Retirement (as defined below) or on account of Disability or death, this Option shall, to the extent rights to pur-chase shares hereunder have vested at the date of such termination and shall not have been fully exercised, be exercisable, in whole or in part, at any time within a period of three (3) months following cessation of the ParticipantEmployee's 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.

Appears in 1 contract

Samples: Term Incentive Plan (Miller Herman Inc)

Termination of Employment for Reasons Other Than Retirement, Disability or Death. In the event the Participant ceases to be employed by the Company for any reason other than Retirement (as defined below) or on account of Disability or death, this Option shall, to the extent rights to pur-chase purchase shares hereunder have vested at the date of such termination and shall not have been fully exercised, be exercisable, in whole or in part, at any time within a period of three (3) months following cessation of the Participant's 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.. (b)

Appears in 1 contract

Samples: Millerknoll, Inc.

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