Exercise Conditions. Vested Options may be excised at any time during the Exercise Period, subject to the terms and conditions of this Award Agreement and the Plan. Notwithstanding the foregoing, the Participant’s ability to exercise any or all Vested Options on or after the Participant’s Termination of Service or Substantial Reduction of Service shall be contingent upon the Participant’s execution, compliance and non-revocation of a Separation and Release Agreement approved by the Company whereby the Participant releases the Company from any and all liability and claims of any kind.
Appears in 9 contracts
Samples: Stock Option Award Agreement (Next Fuel, Inc.), Stock Option Award Agreement (Next Fuel, Inc.), Stock Option Award Agreement (Next Fuel, Inc.)
