Common use of Disability of the Optionee Clause in Contracts

Disability of the Optionee. Notwithstanding the provisions of Section 6 above, in the event of termination of the Optionee’s continuous status as an Employee as a result of total and permanent disability, the vested portion of the Option may be exercised in accordance with the provisions of Section 6.4(i) of the Plan.

Appears in 1 contract

Sources: Stock Option Agreement

Disability of the Optionee. Notwithstanding the provisions of Section 6 above, in the event of termination of the Optionee’s 's continuous status as an Employee as a result of total and permanent disability, the vested portion of the Option may be exercised in accordance with the provisions of Section 6.4(i) of the Plan.

Appears in 1 contract

Sources: Stock Option Agreement (8x8 Inc /De/)