Exercise Upon Termination of Service. (A) If the Participant at any time incurs a Termination of Service (i) by reason of his discharge for Cause or (ii) due to his voluntary Termination of Service without the written consent of the Committee, the Option shall, at the time of such Termination of Service, terminate and the Participant shall forfeit all rights hereunder. If, however, the Participant for any other reason (other than Disability or death) incurs a Termination of Service, the Option may, subject to the provisions of Section 5 hereof, be exercised by the Participant to the same extent the Participant would have been entitled under Section 3 hereof to exercise the Option immediately prior to such Termination of Service, at any time within 90 days after such Termination of Service, at the end of which period the Option, to the extent not then exercised, shall terminate and the Participant shall forfeit all rights hereunder, even if the Participant subsequently returns to the Service of the Corporation or any Affiliate. In no event, however, may the Option be exercised after the expiration of the term provided in Section 4 hereof.
Exercise Upon Termination of Service. (a) If the Participant at any time incurs a Termination of Service (i) by reason of his discharge for Cause or (ii) due to his voluntary Termination of Service [without the written consent of the Committee][in the absence of Good Reason], the Option shall, at the time of such Termination of Service, terminate and the Participant shall forfeit all rights hereunder. If, however, the Participant [for any other reason] (other than Disability or death) incurs a Termination of Service [on or after the first date upon which he would have been entitled to exercise the Option under the provisions of Section 3 hereof] , the Option may be exercised by the Participant [with respect to all or any part of the shares of Common Stock as to which the Participant had not exercised the Option at the time of his Termination of Service (regardless of whether the Option was fully exercisable at such time)] [(to the same extent the Participant would have been entitled under Section 3 hereof to exercise the Option immediately prior to his Termination of Service)], at any time within [________days/months] after such Termination of Service, at the end of which period the Option, to the extent not then exercised, shall terminate and the Participant shall forfeit all rights hereunder, even if the Participant subsequently returns to the Service of the Corporation or any Affiliate. In no event, however, may the Option be exercised after the expiration of the term provided in Section 4 hereof.
Exercise Upon Termination of Service. (a) If, the Consultant for any reason (other than Disability or death of Participant or the satisfactory conclusion of the provision of services by Consultant in accordance with Consultant’s engagement by the Corporation or its Affiliates (“Satisfactory Conclusion”)) incurs a Termination of Consulting Relationship, the Option may, subject to the provisions of Section 5 hereof, be exercised by the Participant to the same extent the Participant would have been entitled under Section 3 hereof to exercise the Option immediately prior to such Termination of Service, at any time within one year after such Termination of Service, at the end of which period the Option, to the extent not then exercised, shall terminate and the Participant shall forfeit all rights hereunder, even if the Consultant subsequently returns to the Service of the Corporation or any Affiliate. For avoidance of doubt, if the Termination of Service is as a result of a Satisfactory Conclusion, the Term shall continue until the date as provided in Section 4. In no event, however, may the Option be exercised after the expiration of the term provided in Section 4 hereof.
Exercise Upon Termination of Service. Upon the termination of an Optionee’s service as an outside Director for the Company for any reason other than Disability, Change in Control or death, the Optionee’s Options shall be exercisable only as to those Shares which were immediately purchasable by the Optionee at the date of termination. In the event of the Optionee’s termination as an outside Director by reason of death, Retirement or Disability, all Options held by such Optionee shall become immediately exercisable by the Optionee or the Optionee’s legal representatives or beneficiaries. Upon termination of the Optionee’s service due to or within 12 months after a Change in Control, all Options held by such Optionee shall become immediately exercisable.
Exercise Upon Termination of Service. If the Participant’s service as a member of the Company’s Board of Directors terminates for any reason other than death, disability or retirement, the then vested portion of the Option shall continue to be exercisable until the earlier of the 90th day after the date of the Participant’s termination or the date the Option expires by its terms. The portion of the Option not vested as of the date of such termination of service shall expire as of such date and shall not be exercisable. If the Participant’s service as a member of the Company’s Board of Directors terminates due to death, disability or retirement, the then vested portion of the Option shall continue to be exercisable until the earlier of one year after the date of the Participant’s termination or the date the Option expires by its terms. The portion of the Option not vested as of the date of such termination of service shall expire as of such date and shall not be exercisable.
Exercise Upon Termination of Service. In the event that the Optionee ceases to be in the service of the Company and its Affiliates, the Option held by the Optionee (to the extent then outstanding) shall remain exercisable until the earlier of (x) the Expiration Date or (y) a period of one-hundred twenty (120) days following such termination of service, and shall thereafter terminate without further consideration to the Optionee; provided; however that (I) if the Optionee’s service with the Company or its Affiliates is terminated by the Company on account of the Optionee’s gross misconduct, as determined by the Board in good faith, the Option shall expire on the date of such termination and (II) if the Optionee’s service with the Company shall terminate on account of his death or Disability then the Option shall remain exercisable until the earlier of (x) the Expiration Date or (y) a period of one year following his death.
