Common use of Exercise Prevented by Applicable Laws Clause in Contracts

Exercise Prevented by Applicable Laws. Except as provided in this Section 6, the Option shall terminate and may not be exercised after the Participant’s Service Provider relationship terminates unless the exercise of the Option in accordance with this Section 6 would constitute a violation of any Applicable Laws. If the exercise of the Option is so prevented, the Option shall remain exercisable until three (3) months after the date the Participant is notified by the Company or its Parent or Subsidiary for whom the Participant provides service that the Option is exercisable but in no event later than the Option Termination Date.

Appears in 8 contracts

Samples: Stand Alone Stock Option Agreement (Hewlett Packard Co), Stand Alone Stock Option Agreement (Hewlett Packard Co), Stand Alone Stock Option Agreement (Hewlett Packard Co)

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Exercise Prevented by Applicable Laws. Except as provided in this Section 67, the Option shall terminate and may not be exercised after the ParticipantOptionee’s Service Provider relationship terminates unless the exercise of the Option in accordance with this Section 6 would constitute a violation 7 is prevented by the provisions of any Applicable LawsSection 4(f). If the exercise of the Option is so prevented, the Option shall remain exercisable until three (3) months after the date the Participant Optionee is notified by the Company or its Parent or Subsidiary for whom the Participant Optionee provides service that the Option is exercisable but in no event later than the Option Termination Date.

Appears in 3 contracts

Samples: 2003 Stock Plan (3com Corp), Corporation 2003 Stock Plan Stock Option Agreement (3com Corp), Corporation 2003 Stock Plan (3com Corp)

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Exercise Prevented by Applicable Laws. Except as provided in this Section 6, the Option shall terminate and may not be exercised after the Participant’s 's Service Provider relationship terminates unless the exercise of the Option in accordance with this Section 6 would constitute a violation of any Applicable Laws. If the exercise of the Option is so prevented, the Option shall remain exercisable until three (3) months after the date the Participant is notified by the Company or its Parent or Subsidiary for whom the Participant provides service that the Option is exercisable but in no event later than the Option Termination Date.

Appears in 1 contract

Samples: Stand Alone Stock Option Agreement (3com Corp)

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