Exercise of Option After Termination of Employment. This Option is exercisable by the Employee only while he is employed by the Company or a Subsidiary, subject to the following exceptions:
(a) If the Employee dies while the Option is exercisable under the terms of this Agreement, the Employee’s Beneficiary may exercise such rights, subject to the limitation in Subsection 3.1(b). The Option must be exercised within twelve (12) months after the Employee’s death, and the Committee or the Company may in its discretion extend the Expiration Date of the Option to accommodate such exercise.
(b) If the Employee’s employment is terminated due to his permanent and total disability, as defined in Section 22(c)(3) of the Code, the Employee may exercise the Option, subject to the limitation in Subsection 3.1(b), within thirty six (36) months after Termination of Employment, but not later than the Option’s Expiration Date.
(c) If the Employee’s employment is terminated due to his retirement, the Employee may exercise the Option, subject to the limitations of Subsection 3.1(b), within sixty (60) months after Termination of Employment, but not later than the Option’s Expiration Date.
(d) If the Employee’s employment is terminated other than for good cause or the reasons set forth in Subsections (a) through (c) above, the Employee may exercise the Option, subject to the limitations of Subsection 3.1(b), within six (6) months after Termination of Employment, but not later than the Option’s Expiration Date.
Exercise of Option After Termination of Employment. If the -------------------------------------------------- Optionholder's employment with (a) the Company or (b) a corporation (or parent or subsidiary corporation of such corporation) issuing or assuming a stock option in a transaction to which section 424(a) of the Code applies, is terminated for any reason, then the Option may be exercised for a period of ninety days (or in the case of death or disability, for a period of one year) after such termination of employment, but only to the extent that the Option shall have been vested in accordance with the terms and conditions hereof on the date of such termination, and upon the expiration of such ninety-day period following termination (or in the case of termination by death or disability, upon the expiration of such one-year period following termination), the Option immediately shall expire and may not be exercised. If the Optionholder's employment is terminated in any of the following manners: (i) by the Company without cause under the terms of any then-existing employment agreement with the Optionholder for a stated term of employment, (ii) by Optionholder's resignation due to a material breach of such employment agreement by the Company at a time when Optionholder is not in breach thereof, or (iii) by reason of the Optionholder's death or disability (any termination described in the foregoing clause (i), (ii) or (iii) being referred to as a "Measuring Termination"), then the most recently ended fiscal quarter of the Company shall be a "Measuring Date" for purposes of Section 11 hereof, whether or not such quarter end coincides with the fiscal year end of the Company. Notwithstanding the foregoing, no rights under the Option may be exercised after the Expiration Date, and any portion of the Option that is not vested on the date when employment terminates immediately shall expire on the date of employment termination and may not be exercised.
Exercise of Option After Termination of Employment. Except as expressly set forth in this Paragraph 9 of this Agreement, if the Option Holder’s employment with (a) the Company, (b) a corporation (or parent or subsidiary corporation of such corporation) issuing or assuming a stock option in a transaction to which section 424(a) of the Code applies, is terminated for any reason, the Option Holder may exercise the rights which were available to the Option Holder at the time of such termination only within three months from the date of termination. Upon the death of the Option Holder, his or her Designated Beneficiary shall have the right, at any time within twelve months after the date of death, to exercise in whole or in part any rights that were available to the Option Holder at the time of death. It is understood and agreed, however, that any part of the Option intended to be an “incentive stock option” that is not exercised within three months following the date of termination will lose incentive stock option qualification and automatically convert to a Nonstatutory Stock Option for the remainder of the applicable exercise period. Notwithstanding the foregoing, no rights under this Option may be exercised after the Expiration Date.
Exercise of Option After Termination of Employment. This Option is exercisable by the Employee only while he is employed by the Company, Constituent Company or another group company, subject to the following exceptions:
Exercise of Option After Termination of Employment. If the -------------------------------------------------- Optionholder's employment with (a) the Company, (b) an Affiliate, or (c) a corporation (or parent or subsidiary corporation of such corporation) issuing or assuming a stock option in a transaction to which Section 424(a) of the Code applies, is terminated for any reason other than by disability (within the meaning of Section 22(e)(3) of the Code) or death, the Optionholder may exercise the rights which were available to the Optionholder at the time of such termination only within thirty days from the date of termination. If Optionholder's employment is terminated as a result of disability, such rights may be exercised within twelve months from the date of termination. Upon the death of the Optionholder, his or her Designated Beneficiary shall have the right, at any time within twelve months after the date of death, to exercise in whole or in part any rights that were available to the Optionholder at the time of death. Notwithstanding the foregoing, no rights under this Option may be exercised after the Expiration Date.
Exercise of Option After Termination of Employment. (a) If the employment of the Optionee with a member of the Concord Group of Companies is terminated voluntarily by the Optionee without the consent of such employer or for "Cause" (as hereinafter defined), and immediately after such termination the Optionee is not then employed by any other member of the Concord Group of Companies, the Option to the extent not theretofore exercised shall expire forthwith. For purposes of this Option Agreement, "Cause" shall mean "Cause" as defined in any employment agreement ("Employment Agreement") between the Optionee and his employer, and, in the absence of an Employment Agreement or in the absence of a definition of "Cause" in such Employment Agreement, "Cause" shall mean: (i) any continued failure by the Optionee to obey the reasonable instructions of the President, Managing Director or the Board of Directors of his employer; (ii) continued neglect by the Optionee of his duties and obligations as an employee of his employer, or a failure to perform such duties and obligations to the reasonable satisfaction of the President, Managing Director or the Board of Directors of his employer; (iii) willful misconduct of the Optionee or other actions in bad faith by the Optionee which are to the detriment of any of the Concord Group of Companies including without limitation conviction of a felony, embezzlement or misappropriation of funds or conviction of any act of fraud; or (iv) a breach of any material provision of any Employment Agreement not cured within 10 days after written notice thereof.
Exercise of Option After Termination of Employment. Except as expressly set forth in this Paragraph, Paragraph 9 of this Agreement or as expressly set forth in the Employment Agreement (and, in that case, subject to the applicable terms and conditions of the Employment Agreement), if the Option Holder’s employment with (a) the Company, or (b) a corporation (or parent or subsidiary corporation of such corporation) issuing or assuming a stock option in a transaction to which section 424(a) of the Code applies, is terminated for any reason, the Option Holder may exercise the rights which were available to the Option Holder at the time of such termination only within three months from the date of termination. Upon the death of the Option Holder, his or her Designated Beneficiary shall have the right, at any time within twelve months after the date of death, to exercise in whole or in part any rights that were available to the Option Holder at the time of death. It is understood and agreed, however, that any part of the Option intended to be an “incentive stock option” that is not exercised within three months following the date of termination will lose incentive stock option qualification and automatically convert to a Nonstatutory Stock Option for the remainder of the applicable exercise period. Notwithstanding the foregoing, no rights under this Option may be exercised after the Expiration Date.
Exercise of Option After Termination of Employment. Except as otherwise set forth in the Plan, the Option shall terminate and may no longer be exercised if Employee ceases to be employed by the Company or its subsidiaries.
Exercise of Option After Termination of Employment. If the Optionholder's employment with (i) the Company, (ii) a parent or subsidiary corporation of the Company or (iii) a corporation (or parent or subsidiary corporation of such corporation) issuing or assuming a stock option in a transaction to which Section 424(a) of the Code applies, is terminated for any reason otherwise than by his death or disability (within the meaning of Section 22(e)(3) of the Code), the Optionholder may exercise the rights which were available to the Optionholder at the time of such termination only within three (3) months from the date of termination. If the Optionholder's employment is terminated for reason of disability, such rights may be exercised within twelve (12) months from the date of termination. Upon the death of the Optionholder, those entitled to do so by the Optionholder's will or the laws of descent and distribution shall have the right, at any time within twelve (12) months after the date of death, to exercise in whole or in part any rights which were available to the Optionholder at the time of his death. This Option shall terminate, and no rights hereunder may be exercised, after the expiration of the applicable exercise period. Notwithstanding the foregoing provisions of this Section 8, no rights under this Option may be exercised after the expiration of ten (10) years from the Date of Grant.
Exercise of Option After Termination of Employment. If the Optionholder's status as an employee or consultant of the Company or an Affiliate (as defined in Rule 144 under the Securities Act of 1933, as amended) is terminated for any reason other than by disability, death, or a Change of Control due to the sale of the Company's women's health-related medical products business as described in subsection 3(e) above (hereinafter referred to as a "Leisegang Companies Sale") the Optionholder may exercise the rights which were available to the Optionholder at the time of such termination only within three months from the date of termination. If such status is terminated as a result of disability or a Leisegang Companies Sale, such rights may be exercised only within twelve months from the date of termination. Upon the death of the Optionholder, his or her Designated Beneficiary shall in lieu of any other rights hereunder have the right, at any time within twelve months after the date of death, to exercise in whole or in part any rights that were available to the Optionholder at the time of death. Notwithstanding the foregoing, no rights under this Option may be exercised after the Expiration Date.
