Notwithstanding Section 4. 1.1 above, in accordance with the provisions of the Plan, if the Optionee dies while serving as a Non-Employee Director of the Corporation or a Subsidiary of the Corporation (or dies within a period of one month after termination of his service as a Non-Employee Director for any reason other than Disability or within a period of one year after termination of his service as Non-Employee Director by reason of Disability), the unexercised portion of any Option held by such Optionee at the time of death will become immediately vested and will be exercisable until terminated in accordance with Section 4.3 below.
Appears in 2 contracts
Sources: Nonqualified Stock Option Agreement (Aci Worldwide, Inc.), Nonqualified Stock Option Agreement (Transaction Systems Architects Inc)