Common use of Termination for Retirement Clause in Contracts

Termination for Retirement. If the Participant’s employment with the Company terminates due to Retirement, the Vested Portion of an Option shall remain exercisable until the Expiration Date; and

Appears in 2 contracts

Sources: Non Qualified Stock Option Agreement (TRW Automotive Holdings Corp), Non Qualified Stock Option Agreement (TRW Automotive Holdings Corp)

Termination for Retirement. If the Participant’s employment with the Company terminates due to Retirement, the Vested Portion of an Option (including the portion of the Option that may become vested after such termination in accordance with Section 3(b)) shall remain exercisable until the Expiration Date; and

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (TRW Automotive Holdings Corp)