Exercise Period for Options. (a) The Exercise Period for Options will be as determined by the Board in the Invitation Letter in its discretion.
Exercise Period for Options. Each option may be exercised for a period of five years after the grant date, unless this Agreement is terminated. If the Agreement is terminated, the Employee will have ninety (90) days to exercise stock options that have been previously granted. Upon the death or Disability of the Optionee, the Employee will have one (1) year to exercise stock options that have been previously granted. Notwithstanding anything to the contrary, herein or in the vesting or exercise provisions of any stock option agreement between the Company and the Employee, after six months of employment and upon (i) termination of the Employee without cause, (ii) a Change of Control (as defined in the Company's 2003 Stock Option Plan) occurs, or (iii) termination by the Employee for "good reason", all unvested stock options granted by the Company to the Employee pursuant to this Agreement, or otherwise, shall immediately vest and become exercisable and all stock options granted by the Company to the Employee pursuant to this Agreement, or otherwise, shall remain exercisable for their full term (regardless of any provision providing for earlier termination upon termination of employment). 5.5.2
