Effect of Termination of Employment or Death. Change in Subsidiary ------------------------------------------------------------------ Status. The Option and all other rights hereunder, to the extent not exercised, ------ shall terminate and become null and void at such time as the Employee ceases to be employed by either the Corporation or any Subsidiary, except that:
Appears in 4 contracts
Samples: Incentive Stock Option Agreement (McAdams Lloyd), Incentive Stock Option Agreement (McAdams Lloyd), Incentive Stock Option Agreement (McAdams Lloyd)