Earlier Termination of Option. Notwithstanding any other provision of this Agreement, this Option, to the extent that it has not previously been exercised, shall terminate upon the earliest to occur of: (i) the expiration of the term of this Option as set forth in subparagraph 2(b) hereof, (ii) the expiration of three (3) months after the earlier of the date on which the Recipient has been notified that his services no longer are needed, or he ceases to make his services available to the Corporation; or (iii) the expiration of one (1) year after the death of the Recipient or such later time as may be approved by the Compensation Committee of the Board of Directors of the Corporation (the "Committee").
Earlier Termination of Option. Notwithstanding the provisions of subparagraph 3(b), the right to exercise the vested portion of this Option shall, except as provided in 3(f) below, terminate upon the earliest to occur of: (i) the expiration of the term of this Option as set forth in paragraph 2 above; (ii) the expiration of one (1) year following the Employee’s termination of employment due to death or Disability; (iii) the expiration of one (1) year following the Employee’s termination of employment without Cause or Good Reason as those terms are defined in his Employment Agreement; or (iv) the date the Employee’s employment is terminated by the Corporation for Cause (as defined in the Employee’s Employment Agreement, if applicable, or the Stockholders’ Agreement) or the Employee voluntarily terminates his employment.
Earlier Termination of Option. Not withstanding the provisions of subparagraph 3(b), the right to exercise the vested portion of this Option shall, except as provided in (f) below, terminate upon the earliest to occur of: (i) the expiration of the term of this Option as set forth in paragraph 2 hereof, (ii) the expiration of one (1) year after the date the Employee’s employment is terminated because of death or Total and Permanent Disability, (iii) the expiration of one (1) year after the date the Employee’s employment is terminated by the Corporation without Cause or the Employee terminates for Good Reason, or (iv) the date the Employee’s employment is terminated by the Corporation for Cause or the Employee voluntarily terminates his employment. For purposes of this Agreement, “Cause” and “Good Reason” shall have the meaning set forth in the Employment Agreement, dated as of May 1, 2005 (“Employment Agreement”), between the Corporation and the Employee, as it may be amended.
Earlier Termination of Option. Notwithstanding the provisions of subparagraph 3(b), this Option shall, except as provided in (f) below, terminate upon the earliest to occur of: (i) the expiration of the term of this Option as set forth in paragraph 2 hereof, (ii) the expiration of three months after the Employee’s Retirement, (iii) the expiration of one year after the Employee ceases to be an employee of the Corporation due to Total and Permanent Disability, (iv) the expiration of two years after the Employee ceases to be an employee of the Corporation due to the death of the Employee, or (v) the date that an Employee terminates employment with the Corporation (whether by action of the Corporation or voluntarily by the Employee) for any reason other than Retirement, Total and Permanent Disability or death; provided that in the event any portion of the Option vests as a result of a Corporate Transaction described in (f) below, the Option shall be exercisable until the expiration of three months after the Employee’s termination of employment (or such later date as may apply under (iii) or (iv) above.
Earlier Termination of Option. As used herein, "Termination Date" is the date Optionee ceases to be an employee of the Bank or one of its Subsidiaries. Notwithstanding the provisions of paragraph 4 hereof, this Option, to the extent that it is exercisable on the Termination Date, shall terminate on the date on which the Optionee ceases to be an employee of the Bank or of one of its Subsidiaries for any other reason other than disability or retirement. This Option, to the extent that it is exercisable on the Termination Date, shall terminate upon the expiration of ninety (90) days after the date on which the Optionee ceases to be an employee of the Bank or of one of its Subsidiaries for reasons of disability or retirement. The Option granted herein may be exercised by Optionee's legal representative, appointed by reason of the death of Optionee, or by a person who acquired the right to exercise such Option by bequest or inheritance, or by reason of the death of Optionee, within twelve (12) months after Optionee's death; and, further provided, that in no event shall the Option be exercisable after ten (10) years from the date of this Agreement.
Earlier Termination of Option. Notwithstanding any other provision of this Agreement, this Option, to the extent that it has not previously been exercised, shall terminate upon the earliest to occur of: (i) the expiration of the term of this Option as set forth in subparagraph 2(b) hereof, or (ii) the expiration of one (1) year after the death of the Recipient or such later time as may be approved by the Compensation Committee of the Board of Directors of the Corporation (the "Committee").
