Common use of Exercise Period Following Cessation of Employment or Other Service Relationship, In General Clause in Contracts

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 Company for any reason other than death, Total and Permanent Disability, or discharge by the Company without Cause, the Options terminate in their entirety, regardless of whether the Options are vested, immediately upon the Optionee’s termination of employment or other service relationship.

Exercise Period Following Cessation of Employment or Other Service Relationship, In General. If the Optionee Employee ceases to be employed by, or in a service relationship with, the Company for any reason other than death, Total and Permanent Disability, or discharge by the Company without Cause, the Options terminate in their entirety, regardless of whether the Options options are vested, immediately upon the OptioneeEmployee’s termination of employment or other service relationship.