Common use of Continuation of Employee Benefits and Stock Options Clause in Contracts

Continuation of Employee Benefits and Stock Options. Employee's medical, dental, life and disability benefits (and if applicable, benefits for Employee's dependents) will continue through Employee's Transitional Period as if Employee remained actively employed. Solely for purposes of determining the date on which options shall expire and become non-exercisable under applicable option plans, Employee's employment will be considered to extend through the Transitional Period; any incentive stock options shall become nonqualified options to the extent they remain unexercised more than three months after the Severance Event.