Continuation of Employment Period Sample Clauses

Continuation of Employment Period. Section 3.3 of the Employment --------------------------------- Agreement provides that the grant of certain options to Employee shall be subject to a three-year vesting schedule, with such options becoming exercisable with respect to one-third of the shares subject to such options on each of the first, second and third anniversary dates, respectively, of the first day of the Employment Period (as that term is defined in the Employment Agreement) if the conditions set forth in the related stock option agreement have been satisfied. Notwithstanding anything to the contrary set forth in this Agreement, Employer and Employee acknowledge and agree that, for all purposes related to the vesting of these options, Employee's employment under this Agreement shall replace Employee's employment under the Employment Agreement effective as of the Transition Date, and that there shall be no termination of Employee's employment until the Separation Date. In addition, Employer and Employee each hereby confirm their understanding that, effective upon the Separation Date: (a) Employee's options to purchase up to 150,000 shares of common stock of Employer will be fully vested; and (b) subject to the provisions of Section 12, Employee ---------- will have ninety (90) days thereafter in which to exercise such options.