Exercise Following Termination of Service. If the Optionee’s service with the Company terminates for any reason, or no reason, whether voluntarily or involuntarily, with or without cause, other than death, disability or retirement, any portion of the Option granted hereunder held by such person which is not then exercisable shall terminate and any portion of the Option which is then exercisable may be exercised within thirty (30) consecutive days after the date of such cessation.
Appears in 5 contracts
Samples: Non Director and Non (MRV Communications Inc), Non Director and Non (Semtech Corp), Stock Option Award Agreement (Semtech Corp)
Exercise Following Termination of Service. If (a) Except as provided in subsection (b) of this paragraph or in paragraph 10 below, if the Optionee’s 's service with the Company terminates for any reason, or no reason, whether voluntarily or involuntarily, with or without cause, other than death, disability or retirement, any portion of the Option granted hereunder held by such person which is not then exercisable shall terminate and any portion of the Option which is then exercisable may be exercised within thirty ninety (3090) consecutive days after the date of such cessation.
Appears in 2 contracts
Samples: Stock Option Award Agreement (Semtech Corp), Stock Option Award Agreement (Semtech Corp)
