EFFECT OF TERMINATION OF RELATIONSHIP. (a) If the Participant ceases to be employed by Tracker for any reason other than breach by Tracker of any written employment agreement in effect between the Participant and Tracker, the Option shall terminate to the extent not vested. Notwithstanding the vesting schedule in Schedule II, if Tracker has breached any written employment agreement with the Participant, and as a result Participant's employment is terminated, the Option shall become fully vested upon such termination of employment. In no event may any Option be exercised by any person after the Expiration Date.
EFFECT OF TERMINATION OF RELATIONSHIP. If this Optionee ceases to be engaged by Modavox for any reason, this Option shall terminate to the extent not vested. Upon termination of Optionee's engagement by reason of retirement, disability or death, this Option, to the extent vested, may be exercised by this Optionee or his executor or administrator, as the case may be, at any time prior to January 1, 20June 1, 2015.
EFFECT OF TERMINATION OF RELATIONSHIP. If this Holder ceases to be engaged by SurfNet for any reason, this Warrant shall terminate to the extent not vested. Upon termination of Holder's engagement by reason of retirement, disability or death, this Warrant, to the extent vested, may be exercised by this Holder or her executor or administrator, as the case may be, at any time prior to January 1, 2010.
EFFECT OF TERMINATION OF RELATIONSHIP. (a) If the Participant ceases to be employed by SurfNet for any reason, the Option will terminate to the extent not vested. In no event may any Option be exercised by any person after the Expiration Date.
EFFECT OF TERMINATION OF RELATIONSHIP. If the Participant is engaged on ------------------------------------- the date hereof as an independent contractor by the Corporation, or by any subsidiary or other affiliate thereof, and later ceases to have a business relationship with the Corporation, or any subsidiary or other affiliate thereof, as either an independent contractor or an employee of any such entity, for any reason other than breach by the Corporation of any written agreement in effect between the Participant and the Corporation, the Option shall terminate to the extent not vested. Notwithstanding the vesting schedule in Schedule II, if the Corporation has materially breached any written agreement with the Participant, and as a result Participant's relationship with the Corporation or any subsidiary or other affiliate thereof is terminated, then to the extent provided in such written agreement the Option shall become fully vested upon such termination of relationship. However, in no event may any Option be exercised by any person after the Expiration Date.
EFFECT OF TERMINATION OF RELATIONSHIP. (a) Upon the date the Participant is no longer employed by the Company, by reason of death, voluntary resignation, permanent disability or termination for cause (as those terms are defined in that certain Amended and Restated Employment Agreement dated January 31, 1999 between Participant and the Corporation (the "Employment Agreement")), the Participant's shares of Restricted Stock shall be forfeited on such date to the extent such shares have not become vested on that date.
EFFECT OF TERMINATION OF RELATIONSHIP. (a) The Option is exercisable by Optionee (or, in the event of Optionee's death, his Beneficiary) for a period ending on the later of March 31, 2001 or 90 days after the end of the period described in Section 3(a)(1). On or after the expiration of the period described in the preceding sentence, the Option shall only be exercisable if Optionee is then employed by the Company. In no event may the Option be exercised by anyone, however, unless the vesting condition in Section 3(a) is satisfied and exercise occurs before the Expiration Date.
EFFECT OF TERMINATION OF RELATIONSHIP. This option, to the extent such option shall not have been exercised, shall terminate and become null and void at such time as Contractor ceases to be a consultant or employee of OPTS, except that:
EFFECT OF TERMINATION OF RELATIONSHIP. If Optionee's relationship with the Corporation as a Consultant terminates in accordance with the Agreement, all options which have previously vested shall expire three (3) months thereafter. All unvested options shall laps and automatically expire. During such three (3) month period (or such shorter period prior to the expiration of the Option by its own terms), such Options may be exercised by the Optionee only.
EFFECT OF TERMINATION OF RELATIONSHIP. (a) If the Participant terminates employment with the Company for any reason other than due to his or her death or Total Disability, the Participant's shares of Restricted Stock shall be forfeited to the extent such shares have not become vested on the date of such termination. If the Participant terminates employment with the Company due to his or her death or Total Disability, the Participant's shares of Restricted Stock shall become fully vested as of the date of such termination. If an entity ceases to be a Subsidiary, such action shall be deemed to be a termination of employment of each employee of that entity.
