EXERCISE RIGHTS. The Options shall be exercisable by Executive for a period of ninety (90) days following Executive’s termination for any reason other than Cause. The Options shall not be exercisable following a termination of Executive for Cause. If the exercisability of the Options is limited by a restriction imposed by law upon Ceridian (as opposed to any restriction imposed by law upon Executive) during such ninety (90)-day period, the exercise period will be extended during the period of such restriction.
Appears in 4 contracts
Samples: Executive Employment Agreement (Comdata Network, Inc. Of California), Executive Employment Agreement (Comdata Network, Inc. Of California), Executive Employment Agreement (Comdata Network, Inc. Of California)
