Common use of Affiliation Clause in Contracts

Affiliation. Except as provided in Section 14 hereof, if, for any reason other than disability or death, an Optionee ceases to be affiliated with the Company or a Subsidiary as an employee, the Options granted to such Optionee shall expire on the expiration dates specified for said Options at the time of their grant, or three (3) months after the Optionee ceases to be so employed, whichever is earlier. During such period after cessation of employment, such Options shall be exercisable only as to those increments, if any which had become exercisable as of the date on which such Optionee ceased to be so employed with the Company or the Subsidiary, and any Options or increments which had not become exercisable as of such date shall expire automatically on such date.

Affiliation. Except as provided in Section 14 20 hereof, if, for any reason other than disability or death, an Optionee ceases to be affiliated with the Company or a Subsidiary as an employee, the Options granted to such Optionee shall expire on the expiration dates specified for said Options at the time of their grant, or three (3) months after the Optionee ceases to be so employed, whichever is earlier. During such period after cessation of employmentaffiliation, such Options shall be exercisable only as to those increments, if any which had become exercisable as of the date on which such Optionee ceased to be so employed affiliated with the Company or the Subsidiary, and any Options or increments which had not become exercisable as of such date shall expire automatically on such date.