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

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 (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 Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates any non-competition or confidentiality provisions of any agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon such violation.

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 (e) Sections 2.5 and (f) 2.6 below, the right to exercise this option Option shall terminate three months 30 days after such cessation (but in no event after the Expiration Date), provided that that, except as set forth in Section 2.5, this option Option shall be exercisable only to the extent that the Optionee was entitled to exercise this option Option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates any the non-competition or confidentiality provisions of any agreement between the Optionee and the Companyemployment contract, confidentiality or nondisclosure agreement, the right to exercise this option Option shall terminate immediately upon written notice of such violationviolation given to Optionee by the Company.

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 subsections (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 and this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, Optionee materially violates any non-competition or confidentiality provisions of any agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon such violation.

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 (ef) and (fg) 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 Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates any non-competition or confidentiality provisions of any agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon such violation.