Common use of Exercise of Exercisable Stock Options on Termination of Employment Clause in Contracts

Exercise of Exercisable Stock Options on Termination of Employment. Except as provided to the contrary in the Plan or in this Option Agreement, if a Participant's employment with the Company, a Subsidiary or an Affiliated Entity is terminated during the Option Period for any reason other than death, he/she may exercise all or any portion of the Stock Options which are otherwise exercisable on the date of such termination at any time within three months from the date of termination; provided, however, that if the Participant should die during such three month period, the rights of his/her personal representative shall be as set forth in Section 4(b) of this Option Agreement.

Appears in 4 contracts

Samples: Option Agreement (Fleming Companies Inc /Ok/), Qualified Stock Option Agreement (Fleming Companies Inc /Ok/), Option Agreement (Fleming Companies Inc /Ok/)

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Exercise of Exercisable Stock Options on Termination of Employment. Except as provided to the contrary in the Plan or in this Option Agreement, if a Participant's employment with the Company, Company or a Subsidiary or an Affiliated Entity is terminated during the Option Period for any reason other than death, he/she may exercise all or any portion of the Stock Options which are otherwise exercisable on the date of such termination at any time within three months from the date of termination; provided, however, that if the Participant should die during such three month period, the rights of his/her personal representative shall be as set forth in Section 4(b) of this Option Agreement.

Appears in 3 contracts

Samples: Qualified Stock Option Agreement (Fleming Companies Inc /Ok/), Qualified Stock Option Agreement (Fleming Companies Inc /Ok/), Qualified Stock Option Agreement (Fleming Companies Inc /Ok/)

Exercise of Exercisable Stock Options on Termination of Employment. Except as provided to the contrary in the Plan or in this Option Agreement, if a Participant's employment with the Company, a Subsidiary or an Affiliated Entity is terminated during the Option Period for any reason other than deathdeath or retirement, he/she may exercise all or any portion of the Stock Options which are otherwise exercisable on the date of such termination at any time within three months from the date of termination; provided, however, that if the Participant should die during such three month period, the rights of his/her personal representative shall be as set forth in Section 4(b) of this Option Agreement.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/), Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/), Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/)

Exercise of Exercisable Stock Options on Termination of Employment. Except as provided to the contrary in the Plan or in this Option Agreement, if a Participantthe Executive's employment with the Company, a Subsidiary or an Affiliated Entity is terminated during the Option Period for any reason other than death, he/she he may exercise all or any portion of the Stock Options which are otherwise exercisable on the date of such termination at any time within three months from the date of termination; provided, however, that if the Participant Executive should die during such three month period, the rights of his/her his personal representative shall be as set forth in Section 4(b5(b) of this Option Agreement.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/), Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/)

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Exercise of Exercisable Stock Options on Termination of Employment. Except as provided to the contrary in the Plan or in Section 4(d) of this Option Agreement, if a Participant's employment with the Company, Company or a Subsidiary or an Affiliated Entity is terminated during the Option Period for any reason other than death, he/she he may exercise all or any portion of the Stock Options which are otherwise exercisable on the date of such termination at any time within three months from the date of termination; provided, however, that if the Participant should die during such three month period, the rights of his/her his personal representative shall be as set forth in Section 4(b) of this Stock Option Agreement.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Fleming Companies Inc /Ok/)

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