Common use of Effect of Termination On Clause in Contracts

Effect of Termination On. STOCK OPTIONS AS TO SECTIONS 3(a) AND 3(b). If Employee is terminated by Company pursuant to subparagraphs 3(a) or 3(b), he/she must exercise all vested stock options within ninety (90) days of termination, and any unexercised stock options (whether vested or not) held by Employee in the shares of Company or in the shares of any affiliate of Company shall automatically expire upon such termination and automatically be deemed terminated and of no further force and effect. This provision shall control any inconsistent or conflicting provision in this Agreement and in any other agreement between Company, or any affiliate of Company, and Employee.

Effect of Termination On. STOCK OPTIONS AS TO SECTIONS Stock Options as to Sections 3(a) AND and 3(b). If Employee is terminated by Company pursuant to subparagraphs 3(a) or 3(b), he/she he must exercise all vested stock options within ninety (90) days of termination, and any unexercised stock options (whether vested or not) held by Employee in the shares of Company or in the shares of any affiliate of Company shall automatically expire upon such termination and automatically be deemed terminated and of no further force and effect. This provision shall control any inconsistent or conflicting provision in this Agreement and in any other agreement between Company, or any affiliate of Company, Company and Employee.

Effect of Termination On. STOCK OPTIONS AS TO SECTIONS Stock Options as to Sections 3(a) AND 3(band 3(c). If Employee is terminated by Company pursuant to subparagraphs 3(a) subparagraph 3.a. or 3(b), he/she 3.b. or by Employee pursuant to subparagraph 3.c. he must exercise all vested stock options within ninety (90) days of termination, and any unexercised stock options (whether vested or not) held by Employee in the shares of Company or in the shares of any affiliate of Company shall automatically expire upon such termination and automatically be deemed terminated and of no further force and effect. This provision shall control any inconsistent or conflicting provision in this Agreement and in any other agreement between Company, Company and Employees or between any affiliate of Company, Company and Employee.