Common use of Exercise Upon Cessation of Employment Clause in Contracts

Exercise Upon Cessation of Employment. (a) If the Employee at any time ceases to be an employee of the Company and of any parent corporation of the Company (a "Parent") within the meaning of Section 424(e) of the Internal Revenue Code of 1986, as amended (the "Code"), or subsidiary corporation of the Company (a "Subsidiary") within the meaning of Section 424(f) of the Code by reason of his discharge for Good Cause (as defined below), the Option shall, at the time of such termination of employment, terminate and the Employee shall forfeit all rights hereunder. If, however, the Employee for any other reason (other than Disability or death) ceases to be such an employee, the Option may, subject to the provisions of Sections 5 and 8 hereof, be exercised by the Employee to the same extent the Employee would have been entitled under Section 3 hereof to exercise the Option immediately prior to such cessation of employment, at any time within three (3) months after such cessation of employment, at the end of which period the Option, to the extent not then exercised, shall terminate and the Employee shall forfeit all rights hereunder, even if the Employee subsequently returns to the employ of the Company or any Parent or Subsidiary. In no event, however, may the Option be exercised after the expiration of the term provided in Section 4 hereof.

Exercise Upon Cessation of Employment. (a) If the Employee at any time ceases to be an employee of the Company and of any parent corporation of the Company Parent or Subsidiary [(a "Parent") within the meaning of Section 424(e) of the Internal Revenue Code of 1986, as amended (the "Code"I), or subsidiary corporation of the Company (a "Subsidiary") within the meaning of Section 424(f) of the Code ] by reason of his discharge for Good Cause [OR (as defined below)II) DUE TO HIS VOLUNTARY TERMINATION OF EMPLOYMENT WITHOUT THE WRITTEN CONSENT OF THE COMMITTEE], the Option shall, at the time of such termination of employment, terminate and the Employee shall forfeit all rights hereunder. If, however, the Employee for any other reason (other than Disability or death) ceases to be such an employeeEmployee, the Option may, subject to the provisions of Sections Section 5 and 8 hereof, be exercised by the Employee to the same extent the Employee would have been entitled under Section 3 hereof to exercise the Option immediately prior to such cessation of employment, at any time within three (3) months [________DAYS/MONTHS/YEARS] after such cessation of employment, at the end of which period the Option, to the extent not then exercised, shall terminate and the Employee shall forfeit all rights hereunder, even if the Employee subsequently returns to the employ of the Company or any Parent or Subsidiary. In no event, however, may the Option be exercised after the expiration of the term provided in Section 4 hereof.

Exercise Upon Cessation of Employment. (a) If the Employee Optionee at any time ceases to be an employee of the Company and of any parent corporation of the Company Parent or Subsidiary (a "Parent"i) within the meaning of Section 424(e) of the Internal Revenue Code of 1986, as amended (the "Code"), or subsidiary corporation of the Company (a "Subsidiary") within the meaning of Section 424(f) of the Code by reason of his discharge for Good Cause Cause, or (ii) due to his voluntary termination of employment (A) other than for good reason, as such term, if any, is defined below)in any then-effective employment agreement between the Company and the Optionee, or (B) without the written consent of the Committee, then the Option shall, at the time of such termination of employment, terminate and the Employee Optionee shall forfeit all rights hereunder. If, however, the Employee for any other reason (other than Disability or death) Optionee ceases to be such an employeeemployee either due to Good Reason or with the written consent of the Committee or for any reason other than Disability, death or as provided in the preceding sentence, the Option may, subject to the provisions of Sections Section 5 and 8 hereof, be exercised by the Employee Optionee to the same extent the Employee Optionee would have been entitled under Section 3 hereof to exercise the Option immediately prior to such cessation of employment, at any time within three (3) months after such cessation of employment, at the end of which period the Option, to the extent not then exercised, shall terminate and the Employee Optionee shall forfeit all rights hereunder, even if the Employee Optionee subsequently returns to the employ of the Company or any Parent or Subsidiary. In no event, however, may the Option be exercised after the expiration of the term provided in Section 4 hereof.

Exercise Upon Cessation of Employment. (a) If the Employee at any time ceases to be an employee of the Company and of any parent corporation of the Company Parent or Subsidiary (a "Parent"i) within the meaning of Section 424(e) of the Internal Revenue Code of 1986, as amended (the "Code"), or subsidiary corporation of the Company (a "Subsidiary") within the meaning of Section 424(f) of the Code by reason of his discharge for Good Cause or (as defined below)ii) due to his voluntary termination of employment without the written consent of the Committee, the Option shall, at the time of such termination of employment, terminate and the Employee shall forfeit all rights hereunder. If, however, the Employee for any other reason (other than Disability or death) ceases to be such an employeeEmployee, the Option may, subject to the provisions of Sections Section 5 and 8 hereof, be exercised by the Employee to the same extent the Employee would have been entitled under Section 3 hereof to exercise the Option immediately prior to such cessation of employment, at any time within three (3) months [________DAYS/MONTHS/YEARS] after such cessation of employment, at the end of which period the Option, to the extent not then exercised, shall terminate and the Employee shall forfeit all rights hereunder, even if the Employee subsequently returns to the employ of the Company or any Parent or Subsidiary. In no event, however, may the Option be exercised after the expiration of the term provided in Section 4 hereof.

Exercise Upon Cessation of Employment. (a) If the Employee at any time ceases to be an employee of the Company and of any parent corporation of the Company Parent or Subsidiary [(a "Parent") within the meaning of Section 424(e) of the Internal Revenue Code of 1986, as amended (the "Code"I), or subsidiary corporation of the Company (a "Subsidiary") within the meaning of Section 424(f) of the Code ] by reason of his discharge for Good Cause [OR (as defined below)II) DUE TO HIS VOLUNTARY TERMINATION OF EMPLOYMENT WITHOUT THE WRITTEN CONSENT OF THE COMMITTEE], the Option shall, at the time of such termination of employment, terminate and the Employee shall forfeit all rights hereunder. If, however, the Employee for any other reason (other than Disability or death) ceases to be such an employeeEmployee, the Option may, subject to the provisions of Sections Section 5 and 8 hereof, be exercised by the Employee to the same extent the Employee would have been entitled under Section 3 hereof to exercise the Option immediately prior to such cessation of employment, at any time within three (3) months [________DAYS/MONTHS - NO LATER THAN 3 MONTHS] after such cessation of employment, at the end of which period the Option, to the extent not then exercised, shall terminate and the Employee shall forfeit all rights hereunder, even if the Employee subsequently returns to the employ of the Company or any Parent or Subsidiary. In no event, however, may the Option be exercised after the expiration of the term provided in Section 4 hereof.