Common use of Termination of Employment or Other Service Clause in Contracts

Termination of Employment or Other Service. (a) In the event that the Optionee’s employment or other service with the Company and all Subsidiaries is terminated by reason of the Optionee’s death or Disability, this Option will become immediately exercisable in full and will remain exercisable for a period of one year after such termination (but in no event will this Option be exercisable after the Time of Termination).

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (Marten Transport LTD), Non Statutory Stock Option Agreement (Ecolab Inc)

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Termination of Employment or Other Service. (a) In the event that the Optionee’s employment or other service with the Company and all Subsidiaries is terminated by reason of the Optionee’s death death, Disability or Disabilityretirement, this Option will become immediately exercisable in full and will remain exercisable for a period of one year after such termination (but in no event will this Option be exercisable after the Time of Termination).

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Marten Transport LTD)

Termination of Employment or Other Service. (a) In the event that the Optionee’s 's employment or other service with the Company and all Subsidiaries is terminated by reason of the Optionee’s 's death or DisabilityDisability (as defined in the Plan), this Option will become immediately exercisable in full and will remain exercisable for a period of one year five years after such termination (but in no event will this Option be exercisable after the Time of Termination).

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Ecolab Inc)

Termination of Employment or Other Service. (a) In the event that the Optionee’s employment or other service with the Company and all Subsidiaries is terminated by reason of the Optionee’s death or Disability, this Option will become immediately exercisable in full and will remain exercisable for a period of one year five years after such termination (but in no event will this Option be exercisable after the Time of Termination).

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Ecolab Inc)

Termination of Employment or Other Service. (a) In the event that the Optionee’s 's employment or other service with the Company and all Subsidiaries is terminated by reason of the Optionee’s death 's death, Disability or DisabilityRetirement (as such terms are defined in the Company's 1994 Stock Incentive Plan, as amended), this Option will become immediately exercisable in full and will remain exercisable for a period until the earlier of the Time of Termination or one year after such termination (but in no event will this Option be exercisable after the Time of Termination)employment.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Nash Finch Co)

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Termination of Employment or Other Service. (a) In the event that the Optionee’s employment or other service with the Company and all Subsidiaries is terminated by reason of the Optionee’s death death, Disability or DisabilityRetirement, this Option will become immediately exercisable in full and will remain exercisable to the extent exercisable as of such termination for a period of one year after such termination (but in no event will this Option be exercisable after the Time of Termination).

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Marten Transport LTD)

Termination of Employment or Other Service. (a) In the event that the Optionee’s employment or other service with the Company and all Subsidiaries is terminated by reason of the Optionee’s death or DisabilityDisability (as defined in the Plan), this Option will become immediately exercisable in full and will remain exercisable for a period of one year five years after such termination (but in no event will this Option be exercisable after the Time of Termination).

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Ecolab Inc)

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