Effect of Other Termination of Service. Upon a Termination of Service for any reason (other than death or Disability), the unexercised Option may thereafter be exercised during the period ending 90 days after the date of such Termination of Service, but only to the extent to which the Option was vested and exercisable at the time of such Termination of Service. Notwithstanding the foregoing, the Committee may, in its sole discretion, either by prior written agreement with the Option Holder or upon the occurrence of a Termination of Service, accelerate the vesting of unvested Options held by the Option Holder if the Option Holder’s Termination of Service is without “cause” (as such term is defined by the Committee in its sole discretion) by the Company.
Appears in 4 contracts
Samples: Incentive Stock Option Agreement (Far East Energy Corp), Non Qualified Stock Option Agreement (Far East Energy Corp), Incentive Stock Option Agreement (Far East Energy Corp)
Effect of Other Termination of Service. Upon a Termination of Service for any reason (other than death or Disability), the unexercised Option may thereafter be exercised during the period ending 90 days after the date of such Termination of Service, but only to the extent to which the Option was vested and exercisable at the time of such Termination of Service. Notwithstanding the foregoing, the Committee may, in its sole discretion, either by prior written agreement with the Option Holder or upon the occurrence of a Termination of Service, accelerate the vesting of unvested Options held by the Option Holder if the Option Holder’s 's Termination of Service is without “"cause” " (as such term is defined by the Committee in its sole discretion) by the Company.
Appears in 4 contracts
Samples: Non Qualified Stock Option Agreement (Far East Energy Corp), Non Qualified Stock Option Agreement (Far East Energy Corp), Non Qualified Stock Option Agreement (Far East Energy Corp)
