Termination for Retirement. If the Optionee’s employment with the Company terminates as a result of Retirement (as defined below), then the Optionee (or any individual authorized to act on the Optionee’s behalf) may exercise the Option, to the extent it was exercisable on the date of Optionee’s Retirement, for four years following such date. At the end of such period the exercisable portion of the Option shall immediately terminate.
Appears in 2 contracts
Sources: Non Qualified Stock Option Award Agreement (CF Industries Holdings, Inc.), Non Qualified Stock Option Award Agreement (CF Industries Holdings, Inc.)