Exercise Period Upon Termination of Employment. If the Optionee ceases to be employed by the Company for any reason, then, except as provided in paragraphs (g) and (h) below, the right to exercise this option shall terminate three months after the later of cessation of employment or cessation of vesting (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. The Company's obligation to deliver shares upon the exercise of this option shall be subject to the satisfaction of all applicable federal, state and local income and employment tax withholding requirements, arising by reason of this option being treated as a non-statutory option or otherwise.
Appears in 3 contracts
Samples: Non Qualified Stock Option Agreement (Banyan Systems Inc), Non Qualified Stock Option Agreement (Epresence Inc), Non Qualified Stock Option Agreement (Banyan Systems Inc)
Exercise Period Upon Termination of Employment. If the Optionee ceases to be employed by the Company for any reason, then, except as provided in paragraphs (ge) and (hf) below, the right to exercise this option shall terminate three months 90 days after the later of such cessation of employment or cessation of vesting (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. The Company's obligation to deliver shares upon the exercise of this option shall be subject to the satisfaction of all applicable federal, state and local income and employment tax withholding requirements, arising by reason of this option being treated as a non-statutory option or otherwise.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (United Natural Foods Inc), Non Statutory Stock Option Agreement (United Natural Foods Inc)
Exercise Period Upon Termination of Employment. If the Optionee ceases ---------------------------------------------- to be employed by the Company for any reason, then, except as provided in paragraphs (g) and (h) below, the right to exercise this option shall terminate three months after the later of cessation of employment or cessation of vesting (but in no event after the Expiration Date), provided that this option shall be exercisable only -------- ---- to the extent that the Optionee was entitled to exercise this option on the date of such cessation. The Company's obligation to deliver shares upon the exercise of this option shall be subject to the satisfaction of all applicable federal, state and local income and employment tax withholding requirements, arising by reason of this option being treated as a non-statutory option or otherwise.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Epresence Inc)
Exercise Period Upon Termination of Employment. If the Optionee ceases to be employed by the Company for any reason, then, except as provided in paragraphs (g) and (h) below, the right to exercise this option shall terminate three months after the later of cessation of employment or cessation of vesting (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. The Company's obligation to deliver shares upon the exercise of this option shall be subject to the satisfaction of all applicable federal, state and local income and employment tax withholding requirements, arising by reason of this option being treated as a non-non- statutory option or otherwise.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Epresence Inc)
Exercise Period Upon Termination of Employment. If the Optionee ceases to be employed by the Company for any reason, then, except as provided in paragraphs (ge) and (hf) below, the right to exercise this option shall terminate three months after the later of such cessation of employment or cessation of vesting (but in no event after the Expiration Date), provided that PROVIDED THAT this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. The Company's obligation to deliver shares upon the exercise of this option shall be subject to the satisfaction of all applicable federal, state and local income and employment tax withholding requirements, arising by reason of this option being treated as a non-statutory option or otherwise.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Versicor Inc /Ca)
Exercise Period Upon Termination of Employment. If the Optionee ceases to be employed by the Company for any reason, then, except as provided in paragraphs (ge) and (hf) below, the right to exercise this option shall terminate three (3) months after the later of such cessation of employment or cessation of vesting (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. The Company's ’s obligation to deliver shares upon the exercise of this option shall be subject to the satisfaction of all applicable federal, state and local income and employment tax withholding requirements, arising by reason of this option being treated as a non-statutory option or otherwise.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Distributed Energy Systems Corp)
Exercise Period Upon Termination of Employment. If the Optionee ceases to be employed by the Company for any reason, then, except as provided in paragraphs paragraph (g) and (he) below, the right to exercise this option shall terminate three months after the later of such cessation of employment or cessation of vesting (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. The Company's obligation to deliver shares upon the exercise of this option shall be subject to the satisfaction of all applicable federal, state and local income and employment tax withholding requirements, arising by reason of this option being treated as a non-statutory option or otherwise.
Appears in 1 contract
Exercise Period Upon Termination of Employment. If the Optionee ---------------------------------------------- ceases to be employed by the Company for any reason, then, except as provided in paragraphs (g) and (h) below, the right to exercise this option shall terminate three months after the later of cessation of employment or cessation of vesting (but in no event after the Expiration Date), provided that this option shall ------------- be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. The Company's obligation to deliver shares upon the exercise of this option shall be subject to the satisfaction of all applicable federal, state and local income and employment tax withholding requirements, arising by reason of this option being treated as a non-statutory option or otherwise.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Banyan Systems Inc)