Common use of Termination due to Disability or Retirement Clause in Contracts

Termination due to Disability or Retirement. If the Optionee’s employment terminates by reason of the Optionee’s disability (as defined in Section 22(e) of the Code) or retirement, any portion of this Share Option outstanding and exercisable on such date may thereafter be exercised by the Optionee for a period of twelve (12) months from the date of termination or until the Expiration Date, if earlier.

Termination due to Disability or Retirement. If the Optionee’s employment Business Relationship terminates by reason of the Optionee’s disability (as defined in Section 22(e) of the Code) or retirement, any portion of this Share Option outstanding and exercisable on such date may thereafter be exercised by the Optionee for a period of twelve (12) months from the date of termination or until the Expiration Date, if earlier.