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 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. 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. 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 thirtieth (30th) day (one year, if termination is caused by the Participant's death or disability) following the Termination Date, but in no event after the stated date of expiration thereof.
Early Expiration Upon Termination of Employment. If your employment with the Company or any of its Subsidiaries terminates, 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 any portion of your Option that was vested and exercisable on such 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 180 days 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 Board), your Option shall expire 30 days after your Date of Termination, but in no event after the Expiration Date, and (iii) if you are discharged other than for Cause, your Option shall expire 90 days after your Date of Termination, but in no event after the Expiration Date.
Early Expiration Upon Termination of Employment. (i) To the extent the Option has vested with respect to any Time Option Shares prior to or on the date Executive's employment with the Company terminates (the "Termination Date") for any reason other than termination by the Company for Cause, the Option may be exercised with respect to such vested Time Option Shares by Executive within 45 days of the Termination Date (90 days in the case of the Executive =s death). If Executive elects to exercise the Option with respect to such vested Time Option Shares within 45 days of the Termination Date (or 90 days as the case may be), such portion shall be immediately subject to the Repurchase Option pursuant to the terms and conditions set forth in Section 2. Any Time Option Shares not vested as of the Termination Date shall expire. If Executive does not elect to exercise any vested Time Option Shares within 45 days of the Termination Date (or 90 days as the case may be), such Time Option Shares shall expire and the Option shall no longer be exercisable with respect thereto.
(ii) To the extent the Option has vested with respect to any Performance Option Shares prior to or on the Termination Date (and the termination of employment was for any reason other than termination by the Company for Cause), the Option may be exercised with respect to such vested Performance Option Shares within 45 days of the Termination Date (90 days in the case of the Executive=s death). If Executive does not elect to exercise any vested Performance Option Shares within 45 days of the Termination Date (90 days in the case of the Executive=s death), such Performance Option Shares shall expire and the Option shall no longer be exercisable with respect thereto. Any Performance Option Shares not vested as of the Termination Date, other than those Performance Option Shares, if any, which may potentially vest pursuant to Section 1(d)(ii), shall expire; provided that if the Option does not vest with respect to such Performance Option Shares, if any, on or before the date on which Sentinel and Sentinel II no longer have any equity interest in the Company, such portion of the Option shall expire on such date. If any portion of the Option vests pursuant to Section 1(d)(ii) following the Termination Date, Executive may exercise the Option with respect to such vested Performance Option Shares only in conjunction with and on the date of the consummation of the transaction which triggers such vesting; provided that the Company shall provide Executive wit...
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.
