Common use of Earlier Termination of Option Clause in Contracts

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.