Early Expiration Upon Termination of Employment. If Executive’s employment with the Company is terminated for any reason other than termination by the Company for Cause or a voluntary termination by Executive which is not within 90 days after a Good Reason Event, or if Executive shall retire in the ordinary course, (i) the unexercised portion of an Option that has vested prior to or on the date of such termination or retirement (such portion, the “Vested Portion,” and such date of termination or retirement, the “Termination Date”) may be exercised by Executive within 120 days of the Termination Date and such portion shall be immediately subject to the Repurchase Option pursuant to the terms and conditions set forth in the Executive Stock Agreement, and (ii) the portion of an Option which has not vested prior to or on the Termination Date and any portion of the Vested Portion which Executive does not elect to exercise within 120 days of the Termination Date shall expire and shall no longer be exercisable (provided that portions of an Option which have not vested prior to or on the Termination Date shall not expire, if such portions remain eligible for vesting because of Executive’s retirement as described in clause (vii) above). If Executive’s employment with the Company is terminated by the Company for Cause or in the event of a voluntary termination by Executive which is not within 90 days after a Good Reason Event, the portion of an Option that is unexercised (vested or unvested) shall expire and shall no longer be exercisable (provided that portions of an Option which have not vested prior to or on the Termination Date shall not expire, if such portions remain eligible for vesting because of Executive’s retirement as described in clause (vii) above).
Early Expiration Upon Termination of Employment. Any portion of your Option that was not vested and exercisable on the date your employment with the Company terminates shall expire and be forfeited without payment of any kind on such date, and any portion of your Option that was vested and exercisable on the date your employment with the Company terminates shall also expire and be forfeited without payment of any kind on such date; PROVIDED that: (i) if you die or become subject to any Disability, the portion of your Option that is vested and exercisable shall expire 180 days from the date of your death or Disability, but in no event after the Expiration Date, (ii) if you retire (with the approval of the Committee or the Board), the portion of your Option that is vested and exercisable shall expire 90 days from the date of your retirement, but in no event after the Expiration Date, (iii) if your employment is terminated other than for Cause, the portion of your Option that is vested and exercisable shall expire 90 days from the date of your termination, but in no event after the Expiration Date, and (iv) if your employment is terminated for Cause, the portion of your Option, to the extent not theretofore exercised, shall expire immediately.
Early Expiration Upon Termination of Employment. Any portion of your Option that was not vested and exercisable on the date your employment with the Company terminated shall expire and be forfeited on such date, and any portion of your Option that was vested and exercisable on the date your employment with the Company terminated shall also expire and be forfeited; provided that: (i) if you die or become subject to any Disability, the portion of your Option that is vested and exercisable shall expire 180 days from the date of your death or Disability, but in no event after the Expiration Date, (ii) if you retire (with the approval of the Committee or the Board), the portion of your Option that is vested and exercisable shall expire 90 days from the date of your retirement, but in no event after the Expiration Date, and (iii) if you are discharged other than for Cause, the portion of your Option that is vested and exercisable shall expire 30 days from the date of your discharge, but in no event after the Expiration Date.
Early Expiration Upon Termination of Employment. Any portion-of the Option that has previously vested prior to or on the date Executive's employment with the Company, Roma Restaurant Holdings, Inc. (the Company's parent) or the Company's Subsidiaries terminates (the "Termination Date") for any reason other than termination by the Company for Cause may be exercised by Executive within 30 days of the Termination Date. If Executive does not elect to exercise any vested portion of the Option within 30 days of the Termination Date, such portion shall expire and shall no longer be exercisable. If Executive elects to exercise any portion of such Option within 30 days of the Termination Date, such portion shall be immediately subject to the Repurchase Option pursuant to the terms and conditions set forth in Section 3. If the Executive's employment is terminated by the Company for Cause, the portion of the Option that is vested but not yet exercised shall be forfeited.
Early Expiration Upon Termination of Employment. Any portion of ----------------------------------------------- the Option that was not vested and exercisable on the date the Optionee ceased to be an officer or employee of the Company or a Subsidiary shall expire and be forfeited on such date (after giving effect to the vesting provisions of paragraphs 2(b) and 2(c) above), and any portion of the Option that was vested and exercisable on the date the Optionee ceased to be an officer or employee of the Company or a Subsidiary shall also expire and be forfeited; provided that (i) if the Optionee dies or becomes subject to a Disability, the Option shall expire one year from the date of such death or Disability, but in no event after the Expiration Date; provided that, notwithstanding the foregoing, if the Disability giving rise to the termination of employment is not a disability within the meaning of Section 22(e)(3) of the Code and the Option is not exercised by the Optionee within 90 days after the date of termination of employment, the Option will cease to qualify as Incentive Stock Option and will be treated as Nonqualified Stock Options under the Plan if required to be so treated under the Code, (ii) if the Optionee ceases to be an officer or employee of the Company or a Subsidiary due to Retirement, the portion of the Option that is vested and exercisable shall expire at the end of a period of up to three years from the date of such Retirement, but in no event after the Expiration Date; provided that the participant does not engage in Competition during such three-year period unless she or he receives written consent to do so from the Board or the Committee, and (iii) if the Optionee is discharged other than for Cause, the portion of the Option that is vested and exercisable shall expire 90 days from the date of such discharge, but in no event after the Expiration Date; provided that the Optionee does not engage in Competition during such 90-day period unless he or she receives written consent to do so from the Board or the Committee. If the Optionee is discharged for Cause, all of the Option not previously exercised shall expire and be forfeited whether exercisable or not.
Early Expiration Upon Termination of Employment. Notwithstanding Sections 1 and 2, if the employment of the Optionee by the Company terminates, then: (i) after the effective date of such termination, the Option shall not become further vested or exercisable, and the Optionee shall have no right to exercise the Option except to the extent that the Option was vested and exercisable on the effective date of such termination; and (ii) the Option shall expire on the earlier of the Scheduled Expiration Date or the date ninety (90) days (one (1) year if such termination is because of the death or disability of the Optionee, or if the Optionee dies during such ninety (90) day period) after the effective date of such termination. For the purposes of this paragraph, the Optionee will be deemed employed by the Company if employed by a Subsidiary of the Company.
Early Expiration Upon Termination of Employment. Any part of any Option that was not vested on a Participant's Termination Date shall expire and be forfeited on such date, and any part of any Option that was vested on the Termination Date shall also expire and be forfeited to the extent not theretofore exercised on the sixtieth (60th) day following the Termination Date (180 days if the Termination Date occurs as a result of the death of a Participant), but in no event after the stated date of expiration thereof.
Early Expiration Upon Termination of Employment. Any portion of your Option that was not vested and exercisable as of the date your employment with the Company terminated shall expire and be forfeited on such date, and, any portion of your Option that was vested and exercisable as of the date your employment with the Company terminated shall expire and be forfeited within the time frames set forth in the Plan.
Early Expiration Upon Termination of Employment. Any portion of ----------------------------------------------- the Option that was not vested and exercisable on the date the Optionee ceased to be an employee, officer or director of the Company or a Subsidiary shall expire and be forfeited on such date (after giving effect to the vesting provisions of paragraphs 2(b) and 2(c) above), and any portion of the Option that was vested and exercisable on the date the Optionee ceased to be an employee, officer or director of the Company or a Subsidiary shall also expire and be forfeited; provided that (i) if the Optionee dies or becomes subject to a Disability, the Option shall expire one year from the date of such death or Disability, but in no event after the Expiration Date, (ii) if the Optionee ceases to be an employee, officer or director of the Company or a Subsidiary due to Retirement, the portion of the Option that is vested and exercisable shall expire at the end of a period of up to three years from the date of such Retirement, but in each case in no event after the Expiration Date; provided that the participant does not engage in Competition during such three-year period unless she or he receives written consent to do so from the Board or the Committee, and (iii) if the Optionee is discharged other than for Cause, the portion of the Option that is vested and exercisable shall expire 90 days from the date of such discharge, but in no event after the Expiration Date; provided that the Optionee does not engage in Competition during such 90-day period unless he or she receives written consent to do so from the Board or the Committee. If the Optionee is discharged for Cause, all of the Option not previously exercised shall expire and be forfeited whether exercisable or not.
Early Expiration Upon Termination of Employment. If your employment with the Company or any of its Subsidiaries terminates, (x) any portion of your Option that was not vested and exercisable on your Date of Termination shall expire and be forfeited as of such date, and (y) any portion of your Option that was vested and exercisable on your Date of Termination shall expire and be forfeited as of such date, except that: (i) if your employment terminates because you die or become subject to any Disability, your Option shall expire six months after your Date of Termination, but in no event after the Expiration Date, (ii) if your employment terminates because you retire (with the approval of the Committee), your Option shall expire thirty (30) days after your Date of Termination, but in no event after the Expiration Date, and (iii) if you are discharged by the Company or its Subsidiaries other than for Cause or are discharged as a result of voluntary termination, your Option shall expire thirty (30) days after your Date of Termination, but in no event after the Expiration Date.
