Termination of Employment - Retirement. In the event of the termination of employment for any reason, retirement or death of a Participant, or in the event the Plan is terminated pursuant to Section 10.2, Participant Contributions shall be automatically stopped and any Participant Contributions held by the Employer at such time shall be returned to such Participant.
Termination of Employment - Retirement. Unless otherwise determined by -------------------------------------- the Committee, in the event of a Participant's Retirement, the Participant may exercise only those Incentive Stock Options that were immediately exercisable by the Participant at the date of Retirement and only for a period of one (1) year from the date of Retirement, or, if sooner, until the expiration of the term of the Option. Any Option originally designated as an Incentive Stock Option shall be treated as a Non-Statutory Stock Option to the extent the Option does not otherwise qualify as an Incentive Stock Option pursuant to Section 422 of the Code.
Termination of Employment - Retirement. Upon the Grantee’s Termination of Employment by reason of Retirement, subject to the Grantee’s continued compliance with Section 10 below and the execution and non-revocation of a general release in the Company’s favor, each unvested installment of RSUs held by the Grantee shall vest upon the earlier to occur of (i) the date such installment would have otherwise vested or (ii) the first anniversary of the Grantee’s Termination of Employment.
Termination of Employment - Retirement. In the event of a ------------------------------------------- Participant's Retirement, the Participant may exercise only those Incentive Stock Options that were immediately exercisable by the Participant at the date of Retirement and only for a period of one (1) year following the date of Retirement; PROVIDED HOWEVER, that upon the Participant's Retirement, the Committee, in its discretion, may determine that all Incentive Stock Options that were not otherwise exercisable by the Participant as of such date shall continue to become exercisable in accordance with the terms of the Award Agreement if the Participant is immediately engaged by the Holding Company or an Affiliate as a consultant or advisor or continues to serve the Holding Company or an Affiliate as a director or advisory director. Any Option originally designated as an Incentive Stock Option shall be treated as a Non-Statutory Stock Options to the extent the Participant exercises such Option more than three (3) months following the Date of the Participant's Retirement.
Termination of Employment - Retirement. Unless otherwise determined by the Committee, in the event of a Participant's Retirement, the Participant may exercise only those Incentive Stock Options that were immediately exercisable by the Participant at the date of Retirement and only for a period of one (1) year following the date of Retirement. Any Option originally designated as an Incentive Stock Option shall be treated as a Non-Statutory Stock Options to the extent the Participant exercises such Option more than three (3) months following the Date of the Participant's Retirement.
Termination of Employment - Retirement. If there is a Termination of Service of the Holder by reason of Retirement, the vesting and exercisability of this Nonqualified Stock Option shall be determined under the Applebee's Internationax, Xxx. Xxecutive Retirement Plan.
Termination of Employment - Retirement. If there is a Termination of Service of the Holder by reason of Retirement, the vesting and exercisability of this Incentive Stock Option shall be determined under the Xxxxxxxx'x International, Inc. Executive Retirement Plan; provided that exercise may not occur after the Expiration Date.
Termination of Employment - Retirement. Upon the Optionee's Termination of -------------------------------------- Employment as a result of Retirement, subject to the Optionee's continued compliance with Section 11 below and the execution and non-revocation of a general release in the Company's favor, (i) all outstanding Options that were otherwise exercisable as of the Optionee's Termination of Employment and (ii) a number of Options equal to the positive difference, if any, between (x) the number of Shares subject to this Agreement multiplied by a fraction, the numerator of which equals the number of full months, rounded down to the nearest whole month, elapsed from the Grant Date through the Optionee's Termination of Employment and the denominator of which equals 60 and (y) the number of Shares subject to this Agreement that have previously vested, shall become exercisable as of the Optionee's Termination of Employment and, in each case, shall remain exercisable through the Expiration Date and shall thereafter terminate. Any portion of the Option that had not yet become exercisable as of the Termination of Employment (excluding for this purpose any Options that otherwise become vested pursuant to clause (ii) of this Section 10) shall terminate immediately effective as of such date, with no payment made in consideration therefor.
Termination of Employment - Retirement. If the Optionee's employment by the Company and any Subsidiary terminates by reason of Normal or Early Retirement or if Optionee dies during a period when Optionee could have terminated his or her employment by reason of Normal Retirement or Early Retirement, this Option will continue to vest pursuant to the terms described in 3. Timing of Exercise, and may thereafter be exercised by the Optionee or, upon the death of the Optionee, the legal representative of the estate or by the legatee of the Optionee under the will of the Optionee, until the expiration of the stated term of the Option.
Termination of Employment - Retirement. If there is a Termination of Service of the Holder by reason of Retirement, the vesting and exercisability of this SAR shall be determined in the same manner as the vesting and exercisability of an Option is determined under the Applebee's Internationax, Xxx. Executive Retirement Plan.
