Termination due to Disability or Retirement. If the Optionee terminates employment from the Company and its Subsidiaries by reason of total and permanent disability (within the meaning of Code Section 22(e)(3)), or retirement on or after age 58, at a time when the Optionee could not have been terminated for cause (as defined below), the Optionee (or his legal representative) may exercise the Option until the first anniversary of the date of such termination.
Appears in 2 contracts
Sources: Incentive Stock Option Agreement (First Business Financial Services, Inc.), Incentive Stock Option Agreement (First Business Financial Services, Inc.)