Exercisability of Stock Options. With respect to terminations to which this Exhibit A apply, the Parent agrees that for purposes of determining the exercisability of Executive’s stock options under the Incentive Plan outstanding on the Termination Date, subject to the terms of the Incentive Plan and the option agreements thereunder, options shall remain exercisable through the fifth anniversary of the Change in Control event, the Parent agrees to take any and all actions necessary, if any, to ensure that the Incentive Plan reflects the foregoing and the Parent agrees that each option agreement evidencing the options outstanding under the Incentive Plan shall reflect the foregoing. Nothing in this Section 3 shall be deemed to extend the expiration date of any stock option granted under the Incentive Plan past the original expiration date of such option as determined at the time of grant.
Exercisability of Stock Options. Notwithstanding the vesting period provided for in the Stock Option Plan and any related stock option agreements between the Company and Employee for stock options ("options") and stock appreciation rights ("rights") granted Employee by the Company, all options and stock appreciation rights shall be immediately exercisable upon termination of employment. In addition, Employee will have the right to exercise all options and rights for the shorter of (x) one year following his termination of employment or (y) with respect to each option, the remainder of the period of exercisability under the terms of the appropriate documents that grant such options.
Exercisability of Stock Options. With respect to terminations to which this Exhibit A apply, the Parent agrees that for purposes of determining the exercisability of Executive's stock options under the Incentive Plan outstanding on the Termination Date, subject to the terms of the Incentive Plan and the option agreements thereunder, options shall remain exercisable through the fifth anniversary of the Change in Control event,, the Parent agrees to take any and all actions necessary, if any, to ensure that the Incentive Plan reflects the foregoing and the Parent agrees that each option agreement evidencing the options outstanding under the Incentive Plan shall reflect the foregoing. Nothing in this Section 3 shall be deemed to extend the expiration date of any stock option granted under the Incentive Plan past the original expiration date of such option as determined at the time of grant. EXHIBIT B GROSS-UP PAYMENT Subject to the provisions of this Exhibit B, Executive shall be eligible for the benefits described in this Exhibit B, and shall be subject to the terms of this Exhibit B, regardless of whether Executive is employed by the Company on or after the occurrence of a Change in Control and, if Executive's Termination Date shall have occurred, regardless of the reason for such termination.
Exercisability of Stock Options. The Parent agrees that for purposes of ------------------------------- determining the exercisability of Executive's stock options under the Incentive Plan outstanding on the Termination Date, Executive's service with the Company (as defined in the Incentive Plan) shall not be considered to have terminated until the fifth anniversary of the Termination Date, the Parent agrees to take any and all actions necessary, if any, to amend the Incentive Plan to reflect the foregoing and the Parent agrees that each option agreement evidencing the options outstanding under the Incentive Plan are hereby amended to reflect the foregoing. Nothing in this paragraph shall be deemed to extend the expiration date of any stock option granted under the Incentive Plan past the original expiration date of such option as determined at the time of grant.
Exercisability of Stock Options. The Employee shall receive that portion of the granted stock options that have vested as of that time, plus the amount of options that are intended to vest in the year following the Change in Control.
Exercisability of Stock Options. Notwithstanding the vesting period provided for in the Stock Option Plan and any related stock option agreements between the Company and Employee for stock options ("options") and stock appreciation rights ("rights") granted Employee by the Company, all options and stock appreciation rights shall be immediately exercisable on the effective date of a Change of Control.
Exercisability of Stock Options. The following outstanding stock options currently held by Employee shall become immediately vested and exercisable as of the Separation Date and remain exercisable for the life of the options: o 900,000 options granted on August 31, 2011 with an exercise price of $0.23 per share; o 150,000 options granted on April 24, 2012 with an exercise price of $0.07 per share; and
o 1 350,000 options granted on June 6, 2012 with an exercise price of $0.04 per share.
Exercisability of Stock Options. Subject to the provisions of Section 5 hereof, the Stock Options will become exercisable on the dates and in the amounts set forth below, and shall remain exercisable for ten years following such date: Date Number of Option Shares ---------------- ------------------------ September 24, 1996 30,000 September 24, 1997 30,000 September 24, 1998 30,000 September 24, 1999 30,000 September 24, 2000 30,000
Exercisability of Stock Options. The Director Option and the Vested Options shall remain exercisable during Executive’s term(s) of service on the Board; provided, however, that neither the Director Option nor the Vested Options may be exercised after the latest day upon which such options would have expired by their original terms under any circumstances (such latest date, as applicable, the “Option Expiration Outside Date”). If Executive ceases to serve as a member of the Board prior to the three (3)-year anniversary of the Departure Date, the Director Option and each Vested Option shall remain exercisable until the earlier of (i) three (3) years from the Departure Date and (ii) the applicable Option Expiration Outside Date, and if Executive ceases to serve as a member of the Board on or after the three (3)-year anniversary of the Departure Date, the Director Option and each Vested Option shall remain exercisable until the earlier of (A) ninety (90) days from the final date of Executive’s service as a member of the Board and (B) the applicable Option Expiration Outside Date.
Exercisability of Stock Options. Each Stock Option shall be exercisable at such time and subject to such terms and conditions as the Committee shall determine; provided, however, that no Stock Option shall be exercisable later than the tenth anniversary of its
