Common use of Early Termination of Option Clause in Contracts

Early Termination of Option. If the employment relationship --------------------------- between the Optionee and the Company is terminated, for any reason, prior to full vesting hereunder, then, subject to the terms of Section 2(c) above, all unvested shares subject to such Options shall terminate upon such termination of employment, and the following rules shall apply to vested, unexercised shares subject to the Option:

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (American Homestar Corp), Nonqualified Stock Option Agreement (American Homestar Corp), Nonqualified Stock Option Agreement (American Homestar Corp)

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