Exercise Period Following Cessation of Employment or Other Service Relationship, In General. If Optionee ceases to be employed by, or in a service relationship with, the Corporation for any reason other than death, Disability, or discharge for Cause, (i) the unvested Options shall terminate immediately upon such cessation, and (ii) the vested Options shall remain exercisable during the 30-day period following such cessation, but in no event after the Expiration Date. Unless sooner terminated, any unexercised vested Options shall terminate upon the expiration of such 30-day period.
Appears in 7 contracts
Samples: Sample Non Qualified Stock Option Grant Agreement (FOCUS GOLD Corp), Sample Non Qualified Stock Option Grant Agreement (Friendly Energy Exploration), Non Qualified Stock Option Grant Agreement (Fero Industries, Inc.)
Exercise Period Following Cessation of Employment or Other Service Relationship, In General. If Optionee ceases to be employed by, or in a service relationship with, the Corporation Bank for any reason other than death, Disability, or discharge for Cause, (i) the unvested Options shall terminate immediately upon such cessation, and (ii) the vested Options shall remain exercisable during the 30-day period following such cessation, but in no event after the Expiration Date. Unless sooner terminated, any unexercised vested Options shall terminate upon the expiration of such 30-day period.
Appears in 6 contracts
Samples: Sample Qualified Stock Option Grant Agreement (Friendly Energy Exploration), Powrtec Corporation (Powrtec Corp), Share Incentive Plan (Wordlogic Corp)
Exercise Period Following Cessation of Employment or Other Service Relationship, In General. If Optionee ceases to be employed by, or in a service relationship with, with the Corporation for any reason other than death, Disability, or discharge for Cause, (i) the unvested Options shall terminate immediately upon such cessation, and (ii) the vested Options shall remain exercisable during the 30-day period following such cessation, but in no event after the Expiration Date. Unless sooner terminated, any unexercised vested Options shall terminate upon the expiration of such 30-day period.
Appears in 4 contracts
Samples: Qualified Stock Option Grant Agreement (Scio Diamond Technology Corp), Qualified Stock Option Grant Agreement (Scio Diamond Technology Corp), Sample Qualified Stock Option Grant Agreement (FOCUS GOLD Corp)
Exercise Period Following Cessation of Employment or Other Service Relationship, In General. If Optionee ceases to be employed by, or in a service relationship with, the Corporation Bank for any reason other than death, Disability, or discharge for CauseCause or in connection with a Change of Control, (i) the unvested Options shall terminate immediately upon such cessation, and (ii) the vested Options shall remain exercisable during the 3090-day period following such cessation, but in no event after the Expiration Date. Unless sooner terminated, any unexercised vested Options shall terminate upon the expiration of such 3090-day period.
Appears in 3 contracts
Samples: Stock Option Grant Agreement (Howard Bancorp Inc), Stock Option Grant Agreement (WSB Holdings Inc), Stock Option Grant Agreement (WSB Holdings Inc)
Exercise Period Following Cessation of Employment or Other Service Relationship, In General. If Optionee ceases to be employed by, or in a service relationship with, the Corporation Bank for any reason other than death, Disability, or discharge for CauseCause or in connection with a Change of Control, (i) the unvested Options shall terminate immediately upon such cessation, and (ii) the vested Options shall remain exercisable during the 30-day period following such cessation, but in no event after the Expiration Date. Unless sooner terminated, any unexercised vested Options shall terminate upon the expiration of such 30-day period.
Appears in 3 contracts
Samples: Incentive Stock Option Grant Agreement (Howard Bancorp Inc), Incentive Stock Option Grant Agreement (WSB Holdings Inc), Stock Option Grant Agreement (WSB Holdings Inc)
Exercise Period Following Cessation of Employment or Other Service Relationship, In General. If the Optionee ceases to be employed by, or in a service relationship with, the Corporation Company for any reason other than death, Total and Permanent Disability, voluntary resignation or discharge for Cause, (i) the unvested Options shall Options, after giving effect to the provisions of Section 2 of this Agreement, terminate immediately upon such cessation, and (ii) the vested Options shall remain exercisable during the 30-day period following such cessation, but in no event after the Expiration Date. Unless sooner terminated, any unexercised the vested Options shall automatically terminate upon the expiration of such 30-day period.
Appears in 3 contracts
Samples: Employment Agreement (Sourcefire Inc), Nonstatutory Stock Option Grant Agreement (Sourcefire Inc), Employment Agreement (Sourcefire Inc)
Exercise Period Following Cessation of Employment or Other Service Relationship, In General. If the Optionee ceases to be employed by, or in a service relationship with, the Corporation Company or its Affiliates for any reason other than death, Total and Permanent Disability, or discharge for Cause, (i) the unvested Options shall Options, after giving effect to the provisions of Section 2 of this Agreement, terminate immediately upon such cessation, and (ii) the vested Options shall remain exercisable during the 3090-day period following such cessation, but in no event after the Expiration Date. Unless sooner terminated, any unexercised the vested Options shall terminate upon the expiration of such 3090-day period.
Appears in 2 contracts
Samples: Nonstatutory Stock Option Grant Agreement (Phoenix Color Corp), Nonstatutory Stock Option Grant Agreement (Phoenix Color Corp)
Exercise Period Following Cessation of Employment or Other Service Relationship, In General. If Optionee ceases to be employed by, or in a service relationship with, the Corporation Company or an Affiliate for any reason other than death, Disability, or discharge for CauseCause or in connection with a Substantial Corporate Change, (i) the unvested Options shall terminate immediately upon such cessation, and (ii) the vested Options shall remain exercisable during the 30-day 90‑day period following such cessation, but in no event after the Expiration Date. Unless sooner terminated, any unexercised vested Options shall terminate upon the expiration of such 30-day 90‑day period.
Appears in 1 contract
Samples: Stock Option Grant Agreement (Mechanical Technology Inc)
Exercise Period Following Cessation of Employment or Other Service Relationship, In General. If the Optionee ceases to be employed by, or in a service relationship with, the Corporation Company for any reason other than death, Total and Permanent Disability, or discharge for Cause, (i) the unvested Options shall terminate immediately upon such cessation, and (ii) the vested Options shall remain exercisable during the 3090-day period following such cessation, but in no event after the Expiration Date. Unless sooner terminated, any unexercised vested the Options shall terminate upon the expiration of such 3090-day period.
Appears in 1 contract
Exercise Period Following Cessation of Employment or Other Service Relationship, In General. If the Optionee ceases to be employed by, or in a service relationship with, the Corporation Company for any reason other than death, Total and Permanent Disability, voluntary resignation or discharge for Cause, (i) the unvested Options shall Options, after giving effect to the provisions of Section 2 of this Agreement, terminate immediately upon such cessation, and (ii) the vested Options shall remain exercisable during the 30-day period following such cessation, but in no event after the Expiration Date. Unless sooner terminated, any unexercised terminated the vested Options shall automatically terminate upon the expiration of such 30-day period.
Appears in 1 contract
Exercise Period Following Cessation of Employment or Other Service Relationship, In General. If Optionee ceases to be employed by, or in a service relationship with, with the Corporation for any reason other than death, Disability, or discharge for Cause, (i) the unvested Options shall terminate immediately upon such cessation, and (ii) the vested Options shall remain exercisable during the 3090-day period following such cessation, but in no event after the Expiration Date. Unless sooner terminated, any unexercised vested Options shall terminate upon the expiration of such 3090-day period.
Appears in 1 contract
Samples: Qualified Stock Option Grant Agreement (Go-Page Corp)
Exercise Period Following Cessation of Employment or Other Service Relationship, In General. If Optionee ceases to be employed by, or in a service relationship with, the Corporation Company or any Affiliate for any reason other than death, Disability, or discharge for CauseCause or in connection with a Substantial Corporate Change, (i) the unvested Options shall terminate immediately upon such cessation, and (ii) the vested Options shall remain exercisable during the 30-day 30‑day period following such cessation, but in no event after the Expiration Date. Unless sooner terminated, any unexercised vested Options shall terminate upon the expiration of such 30-day 30‑day period.
Appears in 1 contract
Samples: Incentive Stock Option Grant Agreement (Mechanical Technology Inc)
Exercise Period Following Cessation of Employment or Other Service Relationship, In General. If Optionee ceases to be employed by, or in a service relationship with, the Corporation for any reason other than death, Disability, or discharge for Cause, (i) the unvested Options shall terminate immediately upon such cessation, and (ii) the vested Options shall remain exercisable during the 3090-day period following such cessation, but in no event after the Expiration Date. Unless sooner terminated, any unexercised vested Options shall terminate upon the expiration of such 3090-day period.
Appears in 1 contract
Samples: Non Qualified Stock Option Grant Agreement (Go-Page Corp)
Exercise Period Following Cessation of Employment or Other Service Relationship, In General. If Optionee the Employee ceases to be employed by, or in a service relationship with, the Corporation Company for any reason other than death, Total and Permanent Disability, or discharge for Cause, (i) the unvested Options shall Options, after giving effect to the provisions of Section 3 of this Agreement, terminate immediately upon such cessation, and (ii) the vested Options shall remain exercisable during the 3090-day period following such cessation, but in no event after the Expiration Date. Unless sooner terminated, any unexercised the vested Options shall terminate upon the expiration of such 3090-day period.
Appears in 1 contract
