Common use of Exercise After Termination of Employment Clause in Contracts

Exercise After Termination of Employment. This Option shall be exercisable for all or part of the number of Shares that the Participant is entitled to purchase pursuant to paragraph 2(b) as of the date the Participant ceases to be employed by the Company or any Affiliate, reduced by the number of Shares for which the Participant previously exercised the Option, if the Participant ceases to be employed by the Company or any Affiliate other than on account of death, becoming Disabled or being terminated by the Company or any Affiliate for Cause prior to the Expiration Date and the termination of the Participant’s rights under paragraphs 3, 4 or 6 of this Agreement. In that event, the Participant may exercise this Option for the remainder of the period preceding the Expiration Date or until the date that is three months after the date he ceases to be employed by the Company or any Affiliate, whichever period is shorter. 6.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement, Nonqualified Stock Option Agreement

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Exercise After Termination of Employment. This Option shall be exercisable for all or part of the number of Shares that the Participant is entitled to purchase pursuant to paragraph 2(b) as of the date the Participant ceases to be employed by the Company or any Affiliate, reduced by the number of Shares for which the Participant previously exercised the Option, if the Participant ceases to be employed by the Company or any Affiliate other than on account of death, becoming Disabled or being terminated by the Company or any Affiliate for Cause prior to the Expiration Date and the termination of the Participant’s rights under paragraphs 3, 4 or 6 of this Agreement. In that event, the Participant may exercise this Option for the remainder of the period preceding the Expiration Date or until the date that is three months after the date he ceases to be employed by the Company or any Affiliate, whichever period is shorter. 6.

Appears in 2 contracts

Samples: Incentive Stock Option (Arris Group Inc), Nonqualified Stock Option Agreement (Arris Group Inc)

Exercise After Termination of Employment. This Option shall be exercisable for all or part of the number of Shares shares that the Participant is entitled to purchase pursuant to paragraph Section 2(b) as of the date the Participant ceases to be employed by the Company or any Affiliate, reduced by the number of Shares shares for which the Participant previously exercised the Option, if the Participant ceases to be employed by the Company or any Affiliate other than on account of death, becoming Disabled or being terminated by the Company or any Affiliate for Cause and prior to the Expiration Date and the termination of the Participant’s rights under paragraphs Sections 3, 4 or 6 of this Agreement. In that event, the Participant may exercise this Option for the remainder of the period preceding the Expiration Date or until the date that is three months 30 days after the date he ceases to be employed by the Company or any Affiliate, whichever period is shorter. 6.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Earthlink Inc)

Exercise After Termination of Employment. This Option shall be exercisable for all or part of the number of Shares shares of Common Stock that the Participant is entitled to purchase pursuant to paragraph 2(b) as of the date the Participant ceases to be employed by the Company Corporation or any AffiliateSubsidiary, reduced by the number of Shares shares for which the Participant previously exercised the Option, if the Participant ceases to be employed by the Company Corporation or any Affiliate Subsidiary, other than on account of deathdeath or becoming Disabled, becoming Disabled or being terminated by the Company or any Affiliate for Cause prior to the Expiration Date and the termination of the Participant’s rights under paragraphs 3, 3 or 4 or 6 of this Agreement. In that event, the Participant may exercise this Option for the remainder of the period preceding the Expiration Date or until the date that is three months ninety (90) days after the date he the Participant ceases to be employed by the Company Corporation or any AffiliateSubsidiary, whichever period is shorter. 6.

Appears in 1 contract

Samples: Incentive Stock Option Agreement for Employees (Primedia Inc)

Exercise After Termination of Employment. This Option shall be exercisable for all or part of the number of Shares shares that the Participant is entitled to purchase pursuant to paragraph 2(b2(a) and (b) as of the date the Participant ceases to be employed by the Company or any AffiliateSubsidiary, reduced by the number of Shares shares for which the Participant previously exercised the Option, if the Participant ceases to be employed by the Company or any Affiliate Subsidiary other than on account of death, becoming Disabled death or being terminated by the Company Disability or any Affiliate for Cause because Participant Retires prior to the Expiration Date and prior to the termination of the Participant’s rights under paragraphs 3, 4 4, 5 or 6 of this Agreement7. In that event, the Participant may exercise this Option for during the remainder of the period preceding the Expiration Date or until the date that is three months 30 days after the date he ceases to be employed by the Company or any AffiliateSubsidiary other than on account of death or Disability or because Participant Retires, whichever period is shorter. 6.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Earthlink Inc)

Exercise After Termination of Employment. This Option shall be exercisable for all or part of the number of Shares shares of Common Stock that the Participant is entitled to purchase pursuant to paragraph Section 2(b) as of the date the Participant ceases to be employed by the Company or any Affiliate, reduced by the number of Shares for which the Participant previously exercised the Optionand its Affiliates, if the Participant ceases to be employed by the Company or any Affiliate and its Affiliates other than on account as a result of the Participant’s death, becoming Disabled Disability or being terminated Retirement and other than as the result of the termination of employment by the Company or any an Affiliate for Cause prior to the Expiration Date and the termination of the Participant’s rights under paragraphs 3, 4 Sections 3 or 6 of this Agreement5. In that event, the Participant may exercise this Option for the remainder of the period preceding the Expiration Date or until the date that is three months ninety (90) days after the date he Participant ceases to be employed by the Company or any Affiliateand its Affiliates, whichever period is shorter. 6.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (ConversionPoint Holdings, Inc.)

Exercise After Termination of Employment. This Option shall be exercisable for all or part of the number of Shares shares of Common Stock that the Participant is entitled to purchase pursuant to paragraph Section 2(b) as of the date the Participant ceases to be employed by the Company or any Affiliate, reduced by the number of Shares for which the Participant previously exercised the Optionand its Affiliates, if the Participant ceases to be employed by the Company or any Affiliate and its Affiliates other than on account as a result of the Participant’s death, becoming Disabled Disability or being terminated Retirement and other than as the result of the termination of employment by the Company or any an Affiliate for Cause prior to the Expiration Date and the termination of the Participant’s rights under paragraphs 3, 4 Sections 3 or 6 5 of this Agreement. In that event, the Participant may exercise this Option for the remainder of the period preceding the Expiration Date or until the date that is three months ninety (90) days after the date he Participant ceases to be employed by the Company or any Affiliateand its Affiliates, whichever period is shorter. 6.

Appears in 1 contract

Samples: Incentive Stock Option (Precigen, Inc.)

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Exercise After Termination of Employment. This Option shall be exercisable for all or part of the number of Shares shares of Common Stock that the Participant is entitled to purchase pursuant to paragraph 2(b) as of the date the Participant ceases to be employed by the Company or any Affiliate, reduced by the number of Shares shares for which the Participant previously exercised the Option, if the Participant ceases to be employed by the Company or any Affiliate other than on account of death, becoming Disabled or being terminated by the Company or any Affiliate for Cause prior to the Expiration Date and the termination of the Participant’s rights under paragraphs 3, 4 or 6 of this Agreement. In that event, the Participant may exercise this Option for the remainder of the period preceding the Expiration Date or until the date that is three months after the date he ceases to be employed by the Company or any Affiliate, whichever period is shorter. 6.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Wuhan General Group (China), Inc)

Exercise After Termination of Employment. This Option shall be exercisable for all or part of the number of Shares shares of Common Stock that the Participant is entitled to purchase pursuant to paragraph Section 2(b) as of the date the Participant ceases to be employed by the Company or any Affiliate, reduced by the number of Shares for which the Participant previously exercised the Optionand its Affiliates, if the Participant ceases to be employed by the Company or any Affiliate and its Affiliates other than on account as a result of the Participant’s death, becoming Disabled Disability or being terminated Retirement and other than as the result of the termination of employment by the Company or any an Affiliate for Cause prior to the Expiration Date and the termination of the Participant’s rights under paragraphs 3, 4 Sections 3 or 6 5 of this Agreement. In that event, the Participant may exercise this Option for the remainder of the period preceding the Expiration Date or until the date that is three months ninety (90) days after the date he Participant ceases to be employed by the Company or any Affiliateand its Affiliates, whichever period is shorter. 6.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Intrexon Corp)

Exercise After Termination of Employment. This Option shall be exercisable for all or part of the number of Shares shares that the Participant is entitled to purchase pursuant to paragraph 2(b2(a) and (b) as of the date the Participant ceases to be employed by the Company or any AffiliateSubsidiary, reduced by the number of Shares shares for which the Participant previously exercised the Option, if the Participant ceases to be employed by the Company or any Affiliate Subsidiary other than on account of death, becoming Disabled death or being terminated by the Company Disability or any Affiliate for Cause because he Retires prior to the Expiration Date and prior to the termination of the Participant’s rights under paragraphs 3, 4 4, 5 or 6 of this Agreement7. In that event, the Participant may exercise this Option for during the remainder of the period preceding the Expiration Date or until the date that is three months 30 days after the date he ceases to be employed by the Company or any AffiliateSubsidiary other than on account of death or Disability or because he Retires, whichever period is shorter. 6.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Earthlink Inc)

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