Exercise Period Following Termination Sample Clauses

Exercise Period Following Termination. This Option may be exercised for 90 days after termination of the Optionee’s Continuous Status as an Employee or Consultant. In no event shall this Option be exercised later than the Expiration Date. Optionee acknowledges receipt of a copy of the Option Agreement and the Plan and certain information related thereto, represents that he or she is familiar with the terms and provisions thereof, and hereby accepts this Option subject to all of such the terms and provisions. Optionee has reviewed this Notice of Grant, the Option Agreement, and the Plan in their entirety, has had an opportunity to obtain the advice of counsel prior to accepting this Option, and fully understands all the terms and provisions of this Option. Optionee hereby agrees to accept as binding, conclusive, and final all decisions or interpretations of the Board upon any questions arising under this Notice of Grant, the Option Agreement, or the Plan. OPTIONEE ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THIS OPTION IS EARNED ONLY BY CONTINUING STATUS AS AN EMPLOYEE OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED OR RETAINED OR BEING GRANTED THIS OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS NOTICE OF GRANT, NOR IN THE OPTION AGREEMENT OR PLAN (WHICH ARE INCORPORATED HEREIN BY REFERENCE), SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYEE STATUS WITH THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH THE RIGHT OF EITHER THE OPTIONEE OR THE COMPANY TO TERMINATE OPTIONEE’S EMPLOYEE STATUS WITH THE COMPANY AT ANY TIME, WITH OR WITHOUT CAUSE. Plan Definitions: Type of Option Definitions: 86: 1986 Incentive Stock Option Plan NQ: Nonqualified Stock Option 95: 1995 Employee and Consultant Stock Plan
Sample 1
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Exercise Period Following Termination. This Option may be exercised for six months following termination of the Optionee’s Continuous Status as an Employee. In no event shall this Option be exercised later than the Expiration Date.
Sample 1
Exercise Period Following Termination. (i) In the event of the termination of the Executive’s employment with Catellus or any of its subsidiaries by reason of death, any unexercised portion of the Option that is or becomes vested upon the Executive’s death in accordance with Section 5(a)(ii) of this Agreement may be exercised by the person or persons who shall have been designated by the Executive as a Beneficiary (as defined in Section 2 of the Plan) or Beneficiaries with respect to the Option pursuant to the Plan or, in the absence of a Beneficiary designation, by the person or persons to whom the Option shall have been transferred by will or by the laws of descent and distribution, at any time within one (1) year following the Executive’s death, but in no event after the Expiration Date. (ii) In the event of the termination of the Executive’s employment with Catellus and any of its subsidiaries for any reason other than death or For Cause, any unexercised portion of the Option that is or becomes vested upon such termination in accordance with Section 5(a)(ii), 5(a)(iii), or 5(b) of this Agreement (unless such unexercised portion is forfeited in accordance with Section 5(a)(iv) or 5(c) of this Agreement) may be exercised by the Executive before the date that is three months following such termination of employment, unless Catellus then has a policy providing for window periods for insiders to trade securities that applies to the Executive, and the Next Window Period (as hereinafter defined) expires on a date that is more than three months following the termination of the Executive’s employment, in which case the Executive may exercise the vested and unexercised portion of the Option any time before the expiration of the Next Window Period. In no event may the Executive exercise any unexercised portion of the Option pursuant to this Section 5(d)(ii) after the Expiration Date. For purposes of this Section 5(d)(ii), the “Next Window Period” shall mean the 10-day period beginning on the third trading day following the next public release of Catellus’ summary quarterly or annual financial results by Catellus following the Executive’s termination of employment.
Sample 1

Related to Exercise Period Following Termination

  • Compensation Following Termination In the event that Executive’s employment hereunder is terminated, Executive shall be entitled only to the following compensation and benefits upon such termination:

  • Right to Terminate Following Termination Event Sections 6(b)(ii)-(iv) are deleted in their entirety and replaced by the following:

  • Following Termination 11.2.1 the Parties will agree the procedure for administering the Insurance Business current at the time of termination; 11.2.2 the Broker will make all reasonable efforts to provide the Company with contact details for any Insured or other party with whom the Company has contracted in the conduct of Insurance Business where:- 11.2.2.1 the Broker has acted as the agent of the Company; and 11.2.2.2 where such information is reasonably required in order for the Company to carry out its obligations in relation to Insurance Business concluded in accordance with this Agreement. 11.2.3 Where permissible the Parties will remain liable to perform their obligations in accordance with the terms of this Agreement in respect of all Insurance Business subject to this Agreement until all Insurance Business has expired or has otherwise been terminated.

  • Effective Period Termination This Agreement shall become effective as of the date of its execution and shall continue in full force and effect until terminated as hereinafter provided. This Agreement may be terminated by each Investment Company, on behalf of a Fund, or by the Custodian by 90 days notice in Writing to the other provided that any termination by an Investment Company shall be authorized by a resolution of the Board, a certified copy of which shall accompany such notice of termination, and provided further, that such resolution shall specify the names of the persons to whom the Custodian shall deliver the assets of the affected Funds held by the Custodian. If notice of termination is given by the Custodian, the affected Investment Companies shall, within 90 days following the giving of such notice, deliver to the Custodian a certified copy of a resolution of the Boards specifying the names of the persons to whom the Custodian shall deliver assets of the affected Funds held by the Custodian. In either case the Custodian will deliver such assets to the persons so specified, after deducting therefrom any amounts which the Custodian determines to be owed to it hereunder (including all costs and expenses of delivery or transfer of Fund assets to the persons so specified). If within 90 days following the giving of a notice of termination by the Custodian, the Custodian does not receive from the affected Investment Companies certified copies of resolutions of the Boards specifying the names of the persons to whom the Custodian shall deliver the assets of the Funds held by the Custodian, the Custodian, at its election, may deliver such assets to a bank or trust company doing business in the State of California to be held and disposed of pursuant to the provisions of this Agreement or may continue to hold such assets until a certified copy of one or more resolutions as aforesaid is delivered to the Custodian. The obligations of the parties hereto regarding the use of reasonable care, indemnities and payment of fees and expenses shall survive the termination of this Agreement.

  • Employment Status Termination Following Change in Control (a) No benefits shall be payable under this Agreement unless there has been a Change in Control of the Company during the Term. You acknowledge that this Agreement does not constitute a contract of employment or impose on the Company any obligation to retain you as an employee. You may terminate your employment at any time, with or without Good Reason. If your employment with the Company terminates for any reason and subsequently a Change in Control shall have occurred, you shall not be entitled to any benefits hereunder. (b) Any termination of your employment by the Company or by you following a Change in Control of the Company during the Term shall be communicated by written notice of termination that indicates the specific provision in this Agreement relied upon and sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of your employment under the provision so indicated ("Notice of Termination"). A Notice of Termination shall be delivered to the other party hereto in accordance with Section 6.

  • Termination Following a Change in Control (a) If the Executive's employment is terminated by the Company or any Subsidiary during the Severance Period, the Executive shall be entitled to the benefits provided by Section 4 unless such termination is the result of the occurrence of one or more of the following events: (i) The Executive's death; (ii) If the Executive becomes permanently disabled within the meaning of, and begins actually to receive disability benefits pursuant to, the long-term disability plan in effect for, or applicable to, Executive immediately prior to the Change in Control; or

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Termination Following a Change of Control If the Employee's employment terminates at any time within eighteen (18) months following a Change of Control, then, subject to Section 5, the Employee shall be entitled to receive the following severance benefits:

  • Termination; Survival Following Termination (i) Either party may terminate this Agreement prior to the end of the Agency Period, by giving written notice as required by this Agreement, upon ten (10) Trading Days’ notice to the other party; provided that, (A) if the Company terminates this Agreement after the Agent confirms to the Company any sale of Shares, the Company shall remain obligated to comply with Section 3(b)(v) with respect to such Shares and (B) Section 2, Section 6, Section 7 and Section 8 shall survive termination of this Agreement. If termination shall occur prior to the Settlement Date for any sale of Shares, such sale shall nevertheless settle in accordance with the terms of this Agreement. (ii) In addition to the survival provision of Section 7(b)(i), the respective indemnities, agreements, representations, warranties and other statements of the Company, of its officers and of the Agent set forth in or made pursuant to this Agreement will remain in full force and effect, regardless of any investigation made by or on behalf of the Agent or the Company or any of its or their partners, officers or directors or any controlling person, as the case may be, and, anything herein to the contrary notwithstanding, will survive delivery of and payment for the Shares sold hereunder and any termination of this Agreement.

  • Obligations Following Termination If a Non-Defaulting Party terminates this Agreement pursuant to this Section 13(b), then following such termination, Seller shall, at the sole cost and expense of the Defaulting Party, remove the equipment (except for mounting pads and support structures) constituting the System. The Non-Defaulting Party shall take all commercially reasonable efforts to mitigate its damages as the result of a Default Event.

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