Common use of Exercisability of Stock Options Clause in Contracts

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. 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 her 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.