Common use of Early Termination of Option Clause in Contracts

Early Termination of Option. The Option Period shall terminate on the date of the first to occur of the following: (a) January 27, 2005: (b) Disability or Death as provided by this subparagraph (b). This Option shall terminate and no further options shall vest thereafter upon Optionee's death or disability and any vested options at the time of such death or disability shall no longer be exercisable after the expiration of twelve (12) months from the date of death or disability of the Optionee. (c) If Optionee's services as an employee is terminated for no reason, or for any reason (voluntarily or otherwise) other than disability or death, then no further options shall vest thereafter and this Option shall terminate and no longer be exercisable six months after such termination. If Optionee shall die within six months after termination the remaining vested portion shall terminate on the earlier of the expiration of the Option Period or twelve months after the date of death. (d) the date immediately preceding the consummation of the dissolution or liquidation of the Company. The Company will use its best efforts to provide written notice to Optionee of such dissolution or liquidation or like transaction, at least (30) days prior to the closing of such transaction to permit Optionee to exercise the Option to the extent vested. In no event will te option be exercisable beyond expiration of the Option Period.

Early Termination of Option. The Option Period shall terminate on the date of the first to occur of the following: (a) January 27September 28, 20052004: (b) Disability or Death as provided by this subparagraph (b). This Option shall terminate and no further options shall vest thereafter upon Optionee's death or disability and any vested options at the time of such death or disability shall no longer be exercisable after the expiration of twelve (12) months from the date of death or disability of the Optionee. (c) If Optionee's services as an employee is terminated for no reason, or for any reason (voluntarily or otherwise) other than disability or death, then no further options shall vest thereafter and this Option shall terminate and no longer be exercisable six months after such termination. If Optionee shall die within six months after termination the remaining vested portion shall terminate on the earlier of the expiration of the Option Period or twelve months after the date of death. (d) the date immediately preceding the consummation of the dissolution or liquidation of the Company. The Company will use its best efforts to provide written notice to Optionee of such dissolution or liquidation or like transaction, at least (30) days prior to the closing of such transaction to permit Optionee to exercise the Option to the extent vested. In no event will te option be exercisable beyond expiration of the Option Period.

Early Termination of Option. The Option Period shall terminate on the date of the first to occur of the following: (a) January 27November 5, 20052004: (b) Disability or Death as provided by this subparagraph (b). This Option shall terminate and no further options shall vest thereafter upon Optionee's death or disability and any vested options at the time of such death or disability shall no longer be exercisable after the expiration of twelve (12) months from the date of death or disability of the Optionee. (c) If Optionee's services as an employee a director is terminated for no reason, or for any reason (voluntarily or otherwise) other than disability or death, then no further options shall vest thereafter and this Option shall terminate and no longer be exercisable six months after such termination. If Optionee shall die within six months after termination the remaining vested portion shall terminate on the earlier of the expiration of the Option Period or twelve months after the date of death. (d) the date immediately preceding the consummation of the dissolution or liquidation of the Company. The Company will use its best efforts to provide written notice to Optionee of such dissolution or liquidation or like transaction, at least (30) days prior to the closing of such transaction to permit Optionee to exercise the Option to the extent vested. In no event will te option be exercisable beyond expiration of the Option Period.