Common use of Exercise of Option After Termination of Employment Clause in Contracts

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. If the -------------------------------------------------- Optionholder's ’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 section 424(a) of the Code applies, is terminated for any reason other than by disability (within the meaning of Section 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 three months from the date of termination. If Optionholder's ’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. If the -------------------------------------------------- Optionholder's -------------------------------------------------- employment with (ai) the Company, (b) an Affiliate, or (cii) a corporation (or parent or subsidiary corporation of such corporation) issuing having or assuming a stock option in a transaction to which Section 424(asection 425(a) of the Code applies, is terminated for any reason other otherwise than by his death or disability (within the meaning of Section 22(e)(3section 105(d)(4) of the Code) or death), the Optionholder he may exercise the rights which were available to the Optionholder he had hereunder at the time of such termination only within thirty days three months from the date of termination. If Optionholder's his employment is terminated as a result for reason of disability, such rights may be exercised within twelve months from the date of termination. Upon the death of the Optionholder, his those entitled to do so by the Optionholder's will or her Designated Beneficiary the laws of descent and distribution 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 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 foregoingforegoing provisions of this Section 7, no rights under this Option may be exercised after the Expiration Dateexpiration of ten (10) years from the Date of Grant.

Exercise of Option After Termination of Employment. If the -------------------------------------------------- Optionholder's Optionee’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 section 424(a) of the Code applies, is terminated for any reason other than by disability (within the meaning of Section section 22(e)(3) of the Code) or death, the Optionholder Optionee may exercise only the rights which that were available to the Optionholder Optionee at the time of such termination and only within thirty days three months from the date of termination. If Optionholder's the Optionee’s employment is terminated as a result of disability, such rights may be exercised only within twelve months from the date of termination. Upon the death of the OptionholderOptionee, his or her Designated Beneficiary designated beneficiary or legal representative 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 Optionee at the time of death. Notwithstanding the foregoing, no rights under this Option may be exercised after the Expiration Date.