Common use of Exercise of Stock Options Clause in Contracts

Exercise of Stock Options. Executive's rights to vested but unexercised stock options will continue for a period of one year after early termination (provided that the terms of any option grant agreement shall not be extended by this provision), except in the case of a termination for Cause pursuant to Section 5.1.4 or without Good Reason pursuant to Section 5.1.2.

Appears in 2 contracts

Samples: Employment Agreement (Heritage Financial Corp /Wa/), Employment Agreement (Heritage Financial Corp /Wa/)

AutoNDA by SimpleDocs

Exercise of Stock Options. Executive's ’s rights to vested but unexercised stock options will continue for a period of one year after early termination (provided that the terms of any option grant agreement shall not be extended by this provision), except in the case of a termination for Cause pursuant to Section 5.1.4 or without Good Reason pursuant to Section 5.1.2.

Appears in 2 contracts

Samples: Employment Agreement (Heritage Financial Corp /Wa/), Employment Agreement (Heritage Financial Corp /Wa/)

Exercise of Stock Options. Executive's ’s rights to vested but unexercised stock options will continue for a period of one year after early termination (provided that the terms of any option grant agreement shall not be extended by this provision), except in the case of a termination for Cause pursuant to Section 5.1.4 or without Good Reason pursuant to Section 5.1.2. Notwithstanding the preceding sentence, no option shall be extended beyond the later of the end of the calendar year in which the option would have otherwise expired or 2 1/2 months after the date the option would otherwise expire.

Appears in 1 contract

Samples: Employment Agreement (Heritage Financial Corp /Wa/)

AutoNDA by SimpleDocs

Exercise of Stock Options. Executive's rights to vested but ------------------------- unexercised stock options will continue for a period of one year after early termination (provided that the terms of any option grant agreement shall not be extended by this provision), except in the case of a termination for Cause pursuant to Section 5.1.4 or without Good Reason pursuant to Section 5.1.2Reason.

Appears in 1 contract

Samples: Employment Agreement (Heritage Financial Corp /Wa/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!