Common use of Exercise of Incentive Stock Option Following Disability Clause in Contracts

Exercise of Incentive Stock Option Following Disability. If the Grantee's Continuous Service terminates as a result of Disability that is not total and permanent disability as defined in Section 22(e)(3) of the Code, to the extent permitted on the date of termination, the Grantee must exercise an Incentive Stock Option within three (3) months of such termination for the Incentive Stock Option to be qualified as an Incentive Stock Option.

Appears in 8 contracts

Samples: Executive Employment Agreement (Bam Entertainment Inc), Executive Employment Agreement (Bam Entertainment Inc), Executive Employment Agreement (Bam Entertainment Inc)

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Exercise of Incentive Stock Option Following Disability. If the Grantee's Optionee’s Continuous Service Status as an Employee or Consultant terminates as a result of Disability disability that is not total and permanent disability as defined in Section 22(e)(3) of the Code, to the extent permitted on the date of termination, the Grantee Optionee must exercise an Incentive Stock Option within three (3) months 90 days of such termination for the Incentive Stock Option to be qualified as an Incentive Stock Option.

Appears in 2 contracts

Samples: Option Agreement (Marvell Technology Group LTD), Option Agreement (Marvell Technology Group LTD)

Exercise of Incentive Stock Option Following Disability. If the ------------------------------------------------------- Grantee's Continuous Service terminates as a result of Disability that is not total and permanent disability as defined in Section 22(e)(3) of the Code, to the extent permitted on the date of termination, the Grantee must exercise an Incentive Stock Option within three (3) months of such termination for the Incentive Stock Option to be qualified as an Incentive Stock Option.

Appears in 2 contracts

Samples: Employment Agreement (Cheap Tickets Inc), Employment Agreement (Cheap Tickets Inc)

Exercise of Incentive Stock Option Following Disability. If the Grantee's ’s Continuous Service terminates as a result of Disability that is not total and permanent disability as defined in Section 22(e)(3) of the Code, to the extent permitted on the date of termination, the Grantee must exercise an Incentive Stock Option within three (3) months of such termination for the Incentive Stock Option to be qualified as an Incentive Stock Option.

Appears in 2 contracts

Samples: Stock Option Award Agreement (Saba Software Inc), Option Award Agreement (Bam Entertainment Inc)

Exercise of Incentive Stock Option Following Disability. If the Grantee's Continuous Service terminates as a result of Disability that is not total and permanent disability as defined in Section 22(e)(3) of the Code, to the extent permitted on the date of termination, the Grantee must exercise an Incentive Stock Option within three (3) months of after such termination for the Incentive Stock Option to be qualified as an Incentive Stock Option.

Appears in 1 contract

Samples: Stock Option Award Agreement (Valueclick Inc/Ca)

Exercise of Incentive Stock Option Following Disability. If the GranteeOptionee's Continuous Service Status as an Employee, Director or Consultant terminates as a result of Disability disability that is not total and permanent disability as defined in Section 22(e)(3) of the Code, to the extent permitted on the date of termination, the Grantee Optionee must exercise an Incentive Stock Option within three (3) months of such termination for the Incentive Stock Option to be qualified as an Incentive Stock Option.

Appears in 1 contract

Samples: Form of Stock Option Agreement (PMC Sierra Inc)

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Exercise of Incentive Stock Option Following Disability. If the Grantee's Continuous Service terminates as a result of Disability that is not total and permanent disability as defined in Section 22(e)(3) of the Code, to the extent permitted on the date of termination, the Grantee must exercise an Incentive Stock Option within Within three (3) months of such termination for the Incentive Stock Option to be qualified as an Incentive Stock Option.

Appears in 1 contract

Samples: Employment Agreement (Parthusceva Inc)

Exercise of Incentive Stock Option Following Disability. If the GranteeOptionee's Continuous Service Status as an Employee or Consultant terminates as a result of Disability disability that is not total and permanent disability as defined in Section 22(e)(3) of the Code, to the extent permitted on the date of termination, the Grantee Optionee must exercise an Incentive Stock Option within three (3) months of such termination for the Incentive Stock Option to be qualified as an Incentive Stock Option.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Broadcom Corp)

Exercise of Incentive Stock Option Following Disability. If the GranteeOptionee's Continuous Termination of Service terminates occurs as a result of Disability disability that is not total and permanent disability as defined in Section 22(e)(3) of the Code, to the extent permitted on the date of termination, the Grantee Optionee must exercise an Incentive Stock Option within three (3) months 30 days of such termination for the Incentive Stock Option to be qualified as an Incentive Stock Option.

Appears in 1 contract

Samples: Stock Option Agreement (Zebu)

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