Cessation of Directorship. No Option may be exercised after Director ceases to be a director except to the extent that the Option was exercisable at the time of such cessation. No Option may be exercised after its term expires or is otherwise canceled.
Appears in 4 contracts
Samples: Nonqualified Stock Option Agreement (Alpha Microsystems), Nonqualified Stock Option Agreement (Alpha Microsystems), Nonqualified Stock Option Agreement (Alpha Microsystems)
