Common use of Termination on Account of Disability Clause in Contracts

Termination on Account of Disability. If the Option Holder becomes Disabled, the Option may be exercised by the Option Holder within one year following the Option Holder’s termination of services on account of Disability (provided that such exercise must occur within the Option Period), but not thereafter. In any such case, the Option may be exercised only as to the shares as to which the Option had become exercisable on or before the date of the Option Holder’s termination of services.

Appears in 16 contracts

Samples: Incentive Stock Option Agreement (Uqm Technologies Inc), Non Qualified Stock Option Agreement (Uqm Technologies Inc), Incentive Stock Option Agreement (Uqm Technologies Inc)

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Termination on Account of Disability. If the Option Holder becomes Disabled, the Option may be exercised by the Option Holder within one year following the Option Holder’s 's termination of services on account of Disability (provided that such exercise must occur within the Option Period), but not thereafter. In any such case, the Option may be exercised only as to the shares as to which the Option had become exercisable on or before the date of the Option Holder’s 's termination of services.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Uqm Technologies Inc), Incentive Stock Option Agreement (Uqm Technologies Inc), Equity Incentive Plan Incentive Stock Option Agreement (Wild Oats Markets Inc)

Termination on Account of Disability. If the Option Holder becomes Disabled, the Option may be exercised by the Option Holder within one year following the Option Holder’s 's termination of services on account of Disability (provided that such exercise must occur within the Option Period), but not thereafter. In any such case, the Option may be exercised only as to the shares as to which the Option had become exercisable on or before the date of the Option Holder’s 's termination of services.

Appears in 2 contracts

Samples: Equity Incentive Plan Non Qualified Stock Option Agreement (Wild Oats Markets Inc), Equity Incentive Plan Non Qualified Stock Option Agreement for Directors (Wild Oats Markets Inc)

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Termination on Account of Disability. If the Option Holder becomes DisabledDisabled while still employed by or performing services for the Company, the Option may be exercised by the Option Holder within one year for a period of three years following the Option Holder’s 's termination of services on account of Disability (provided that such exercise must occur within the Option Period), but not thereafter. In any such case, the Option may be exercised only as to the shares as to which the Option had become exercisable on or before the date of the Option Holder’s termination of services.

Appears in 1 contract

Samples: Non Incentive Stock Option Agreement (Zulu Energy Corp.)

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