Termination of Employment or Other Service. 1. 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, Disability or Retirement (as such terms are defined in the Plan), this Option will remain exercisable to the extent exercisable as of such termination following such termination until the Time of Termination.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Northern Technologies International Corp), Incentive Stock Option Agreement (Northern Technologies International Corp)
Termination of Employment or Other Service. 1(a) Termination Due to Death, Disability or Retirement. 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, Disability (as defined in the Plan) or Retirement (as such terms are defined in the Plan), this Option will become immediately exercisable in full and will remain exercisable to the extent exercisable as for a period of one year after such termination following such termination until (but in no event after the Time of Termination).
Appears in 1 contract
Samples: Non Statutory Stock Option Agreement (Rdo Equipment Co)
Termination of Employment or Other Service. 1. (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 or Disability or Retirement (as such terms are defined in the Plan), this Option will remain exercisable to terminate and may no longer be exercised on the extent exercisable as earlier of such termination following such termination until the Time of TerminationTermination or one year after such termination of employment or other service.
Appears in 1 contract
Termination of Employment or Other Service. 1. (a) In the event that the Optionee's employment or other service with the Company and all Subsidiaries (as defined in the 1995 Plan) is terminated by reason of the Optionee's death, Disability or Retirement (as such terms are defined in the 1995 Plan), this Option will shall remain exercisable to the extent exercisable as of such termination following for a period of one year after such termination until in the case of death or Disability and three months in the case of Retirement (but in no event after the Time of Termination).
Appears in 1 contract
Samples: Employment Agreement (Nicollet Process Engineering Inc)
