Common use of Exercise Upon Termination of Employment Clause in Contracts

Exercise Upon Termination of Employment. After vesting, any option granted hereunder may be exercised by Grantee, his heirs, devises, legatees, legal representative or assigns at any time up to and including December 31, 2009, whether or not Grantee shall cease to be an employee of the Company for any reason, including, without limitation, termination by voluntary resignation, by action of the Company, for cause, without cause, or by reason of death or disability.

Exercise Upon Termination of Employment. After vesting, any Any option granted hereunder may be exercised by Grantee, his heirs, devises, legatees, legal representative or assigns at any time up to and including December 31March 20, 20092008, whether or not Grantee shall cease to be an employee of the Company for any reason, including, without limitation, termination by voluntary resignation, by action of the Company, for cause, without cause, or by reason of death or disability.