Early Termination of Options. If the Optionee’s position as an Eligible Person is terminated prior to the Expiry Date for a reason other than the Optionee’s termination for just cause, then all rights to exercise this Option will terminate on the day which is the earlier of the Expiry Date and one (1) year after the Termination Date.
Appears in 3 contracts
Samples: Stock Option Agreement (Helix BioPharma Corp), Stock Option Agreement (Helix BioPharma Corp), Stock Option Agreement (Helix BioPharma Corp)
Early Termination of Options. If the Optionee’s position as an Eligible Person is terminated prior to the Expiry Date for a reason other than the Optionee’s death, disability, or termination for just cause, then all rights to exercise this Option will terminate on the day which is the earlier of the Expiry Date and one (1) year the 30th day after the Termination Date. The Company may in its sole discretion, at any time during the duration of the Option, extend the termination of the Option under clause (a) above up to but not beyond one year following the Termination Date.
Appears in 2 contracts
Samples: Stock Option Agreement (Helix BioPharma Corp), Stock Option Agreement (Helix BioPharma Corp)
Early Termination of Options. If the Optionee’s position as an Eligible Person is terminated prior to the Expiry Date for a reason other than the Optionee’s termination for just cause, then all rights to exercise this Option will terminate on the day which is the earlier of the Expiry Date and one (1) year after the Termination Date.
Appears in 1 contract
