Common use of Cessation of Employment or Office Clause in Contracts

Cessation of Employment or Office. In the even of the Optionee ceasing to be a director, officer or full-time employee of the Corporation, this option shall terminate and become null and void as to any shares not taken up and paid for pursuant hereto on the date (the "Termination Date") which is the first to occur of:

Appears in 7 contracts

Samples: Share Option Agreement (Trancom Industries Inc), Share Option Agreement (Trancom Industries Inc), Share Option Agreement (Trancom Industries Inc)

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Cessation of Employment or Office. In the even event of the Optionee ceasing to be a directorDirector, officer Officer, Employee, Management Company Employee or full-time employee Consultant of the Corporation or any subsidiary of the Corporation, this option Option shall terminate and become null and void as to any shares not taken up and paid for pursuant hereto on the date (the "Termination Date") which is the first to occur of:

Appears in 1 contract

Samples: Share Option Agreement (Zodiac Exploration Corp.)

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Cessation of Employment or Office. In the even event of the Optionee ceasing to be a director, officer or full-time employee of the Corporation, this option shall terminate and become null and void as to any shares not taken up and paid for pursuant hereto on the date (the "Termination Date") which is the first to occur of:

Appears in 1 contract

Samples: Share Option Agreement (Trancom Industries Inc)

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