Common use of Employment Requirement Clause in Contracts

Employment Requirement. This Option may be exercised only while the Optionee remains employed with the Company or a parent or subsidiary thereof, and only if the Optionee has been continuously so employed since the date of this Agreement; provided that: (a) This Option may be exercised for three months following the day the Optionee’s employment by the Company ceases if such cessation of employment is for a reason other than death or disability, but only to the extent that it was exercisable immediately prior to termination of employment. (b) This Option may be exercised within one year after the Optionee’s employment by the Company ceases if such cessation of employment is because of death or disability. (c) If the Optionee’s employment terminates after a declaration made pursuant to Section 8 of this Agreement in connection with an Event, this Option may be exercised at any time permitted by such declaration. Notwithstanding the above, this Option may not be exercised after it has expired.

Employment Requirement. This Option may be exercised only while the Optionee remains employed with the Company or a parent or subsidiary thereof, and only if the Optionee has been continuously so employed since the date Date of this AgreementGrant; provided that: (a) This Option may be exercised for three months following the day the Optionee’s employment by the Company ceases if such cessation of employment is for a reason other than death or disability, but only to the extent that it was exercisable immediately prior to termination of employment. (b) This Option may be exercised within one year after the Optionee’s employment by the Company ceases if such cessation of employment is because of death or disability. (c) If the Optionee’s employment terminates after a declaration made pursuant to Section 8 of this Agreement in connection with an Event, this Option may be exercised at any time permitted by such declaration. Notwithstanding the above, this Option may not be exercised after it has expired.

Employment Requirement. This Option may be exercised only while the Optionee remains employed with the Company or a parent or subsidiary thereof, and only if the Optionee has been continuously so employed since the date of this Agreement; provided that: (a) This Option may be exercised for three months following the day the Optionee’s 's employment by the Company ceases if such cessation of employment is for a reason other than death or disability, but only to the extent that it was exercisable immediately prior to termination of employment. (b) This Option may be exercised within one year after the Optionee’s 's employment by the Company ceases if such cessation of employment is because of death or disability. (c) If the Optionee’s employment terminates after a declaration made pursuant to Section 8 of this Agreement in connection with an Event, this Option may be exercised at any time permitted by such declaration. Notwithstanding the above, this Option may not be exercised after it has expired.