Disability Definition Example with 6 Variations

This page contains an example definition of Disability, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Disability. (i) with respect to the exercise of an Incentive Stock Option after termination of employment, a disability within the meaning of Section 22(e)(3) of the Code and (ii) for all other purposes, a mental or physical condition which, in the opinion of the Committee, renders a grantee unable or incompetent to carry out the job responsibilities which such grantee held or the tasks to which such grantee was assigned at the time the disability was incurred and which is expected to be permanent or for... an indefinite duration exceeding one year View More

Variations

Disability. (i) with respect as relates to the exercise of an Incentive Stock Option incentive stock option after termination Termination of employment, Employment, a permanent and total disability within the meaning of Section 22(e)(3) of the Code Internal Revenue Code, and (ii) for all other purposes, a mental or physical condition which, in the opinion of the Committee, renders a grantee Grantee unable or incompetent to carry out the job responsibilities which such grantee Grantee held or the tasks duties to which such grantee Grantee was assigned at the time the disability was incurred incurred, and which is expected to be permanent or for an indefinite duration exceeding one year duration. View More
Disability. (i) with respect to the exercise of an Incentive Stock Option after termination of employment, a disability within the meaning of Section 22(e)(3) of the Code and (ii) for all other purposes, a mental or physical condition which, in the opinion of the Committee, renders a grantee unable or incompetent to carry out the job responsibilities which such grantee held or the tasks to which such grantee was assigned (or, in the case of a non‐employee director of the Company, the services in such... capacity which such non‐employee director is expected to perform) at the time the disability was incurred and which is expected to be permanent or for an indefinite duration exceeding one year View More
Disability. (i) with respect to the exercise of an Incentive Stock Option after termination of employment, a disability within the meaning of Section 22(e)(3) of the Code and (ii) for all other purposes, a mental or physical condition which, in the opinion of the Committee, renders a grantee unable or incompetent to carry out the job responsibilities which such grantee held or the tasks to which such grantee was assigned (or, in the case of a non-employee director of the Company, the services in such... capacity which such non-employee director is expected to perform) at the time the disability was incurred and which is expected to be permanent or for an indefinite duration exceeding one year View More
Disability. (i) with respect to the exercise of an Incentive Stock Option after termination of employment, a disability within the meaning of Section 22(e)(3) of the Code and (ii) for all other purposes, a mental or physical condition which, in the opinion of the Committee, renders a grantee unable or incompetent to carry out the job responsibilities which such grantee held or the tasks to which such grantee was assigned at the time the disability was incurred and which is expected to be permanent or for... an indefinite duration exceeding one year View More
Disability. (i) with respect to the exercise of an Incentive Stock Option after termination of employment, a disability within the meaning of Section 22(e)(3) of the Code and (ii) for all other purposes, a mental or physical condition which, in the opinion of the Committee, renders a grantee Grantee unable or incompetent to carry out the job responsibilities which such grantee Grantee held or the tasks duties to which such grantee Grantee was assigned at the time the disability was incurred incurred, and... which is expected to be permanent or for an indefinite duration exceeding one year duration. View More
Disability. (i) with respect to for purposes of the exercise of an Incentive Stock Option after termination of employment, a disability within the meaning of Section 22(e)(3) of the Code Code, and (ii) for all other purposes, a mental or physical condition which, in the opinion of the Committee, Administrator renders a grantee Grantee unable or incompetent to carry out the job responsibilities which such grantee Grantee held or the tasks to which such grantee Grantee was assigned at the time the disability... was incurred incurred. and which is expected to be permanent or for an indefinite duration exceeding one year View More
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