Common use of Exercise Period Upon Termination of Employment Clause in Contracts

Exercise Period Upon Termination of Employment. If the Key Employee ceases to be employed by the Company for any reason other than death or disability or a discharge for "cause", as provided below, the right to exercise this option shall terminate three months after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Employee was entitled to exercise this option on the date of such cessation.

Appears in 5 contracts

Samples: Incentive Stock Option Agreement (Alpha Pro Tech LTD), Incentive Stock Option Agreement (Alpha Pro Tech LTD), Incentive Stock Option Agreement (Alpha Pro Tech LTD)

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Exercise Period Upon Termination of Employment. If the Key Employee ceases to be employed by the Company for any reason other than death or disability Disability or a discharge for "cause", as provided belowCause, the right to exercise this option Option shall terminate three months after such cessation (but in no event after the Expiration Date); provided, provided however, that this option Option shall be exercisable only to the extent that the Employee was entitled to exercise this option Option on the date of such cessation.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Tile Shop Holdings, Inc.), Incentive Stock Option Agreement (Global Eagle Entertainment Inc.), Incentive Stock Option Agreement (Tile Shop Holdings, Inc.)

Exercise Period Upon Termination of Employment. If the Key Employee ceases to be employed by the Company for any reason other than death or disability or a discharge for "cause"reason, then, except as provided in paragraphs (e), (f), (g) and (h) below, the right to exercise this option shall terminate on the date which is three (3) months after such the date of cessation of employment (but in no event after the Expiration Date); provided, provided however, that this option shall be exercisable only to the extent that the Employee was entitled to exercise this option on the date of such cessationcessation of employment.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Quicksilver Resources Inc), Incentive Stock Option Agreement (Quicksilver Resources Inc)

Exercise Period Upon Termination of Employment. If the Key Employee Optionee ceases to be employed by the Company for any reason other than death or disability or a discharge for "cause", as provided below, the right to exercise this option Option shall terminate three (3) months after such cessation (but in no event after the Expiration Date), provided that PROVIDED THAT this option Option shall be exercisable only to the extent that the Employee Optionee was entitled to exercise this option Option on the date of such cessation.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Vastera Inc)

Exercise Period Upon Termination of Employment. If the Key Employee Optionee ceases to be employed by the Company for any reason other than death or disability or a discharge for "cause"reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate three months after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Employee Optionee was entitled to exercise this option on the date of such cessation.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Boston Acoustics Inc)

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Exercise Period Upon Termination of Employment. If the Key Employee ceases to be employed by the Company Company, a Parent Corporation or Subsidiary for any reason other than death or disability or a discharge for "cause", ," as provided below, the right to exercise this option shall terminate three months after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Employee was entitled to exercise this option on the date of such cessation.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Organogenesis Inc)

Exercise Period Upon Termination of Employment. If the Key Employee Optionee ceases to be employed by the Company for any reason other than death or disability or a discharge for "cause"reason, then, except as provided in paragraphs (e) and (f) below, and Section 11(d) of the Plan, the right to exercise this option shall terminate three months after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Employee Optionee was entitled to exercise this option on the date of such cessation.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Verenium Corp)

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