Common use of Termination Without Cause or For Disability Clause in Contracts

Termination Without Cause or For Disability. If the Optionee's employment is terminated without Cause or for Disability, the Option shall continue vesting in accordance with Section 4 hereof for a period of one (1) year following the date of such termination of employment and shall remain exercisable (to the extent it is exercisable at any time) until the earlier of (i) the end of one (1) year from the date of termination, or (ii) the end of the Exercise Term.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Criimi Mae Inc), Nonqualified Stock Option Agreement (Criimi Mae Inc), Nonqualified Stock Option Agreement (Criimi Mae Inc)

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