EXPIRATION AND TERMINATION OF THE OPTION. The Option shall expire on the tenth (10th) anniversary of the Effective Date, (the period from the Effective Date to the expiration date is the "Option Period") or prior to such time as follows:
EXPIRATION AND TERMINATION OF THE OPTION. The Option will expire at the end of business on July 24, 2011 (the "Expiration Date"). The Option may not be exercised after its expiration.
EXPIRATION AND TERMINATION OF THE OPTION. The Option will expire at the end of business on April 4, 2010, ten (10) years from the Date of Grant of the Option (the "EXPIRATION DATE"). In the event of termination of the Optionee's employment with the Company, any Vested Portion (as defined in Section 3 below) of the Option on the date of such termination may be exercised at any time prior to the Expiration Date, and the Option shall terminate as to the shares of Common Stock covered by the remaining, unvested portion of the Option. The Option may not be exercised after its expiration or termination.
EXPIRATION AND TERMINATION OF THE OPTION. The Option shall expire, terminate and become null and void as provided in this Section 4.
(a) The Option shall expire and terminate on the earlier of (i) the last day of the 10-year period commencing on the Grant Date (the “Option General Expiration Date”) or (ii) one day less than one month after the termination of the Executive’s employment with the Company and all Affiliates for any reason other than death, Disability or Retirement.
(b) In the event the Executive’s employment with the Company and all Affiliates terminates as a result of the Executive’s death while the Executive is employed by the Company or any Affiliate and before the Option otherwise terminates as provided in Section 4(a) of this Agreement, the Option shall expire and terminate on the earlier of (i) the Option General Expiration Date or (ii) one year following the date of the Executive’s death, during which one year period the Executive’s executors, administrators or any person or persons to whom the Option may be transferred by will or by the laws of descent and distribution, shall be entitled to exercise the Option in respect of the number of shares that the Executive would have been entitled to purchase had the Executive exercised the Option on the date the Executive’s employment with the Company and all Affiliates terminated as a result of the Executive’s death.
(c) In the event the Executive’s employment with the Company and all Affiliates terminates as a result of the Executive incurring a Disability while the Executive is employed by the Company or any Affiliate and before the Option otherwise terminates as provided in Section 4(a) of this Agreement, the Option shall expire and terminate on the earlier of (i) the Option General Expiration Date or (ii) one year following the date on which the Executive’s employment with the Company and all Affiliates terminates as a result of the Executive incurring a Disability, during which one year period the Executive shall be entitled to exercise the Option in respect of the number of shares that the Executive would have been entitled to purchase had the Executive exercised the Option on the date the Executive’s employment with the Company and all Affiliates terminated as a result of the Executive incurring a Disability.
(d) In the event the Executive’s employment with the Company and all Affiliates terminates as a result of the Executive’s Retirement before the Option otherwise terminates as provided in Section 4(a) of this Agreement, the...
EXPIRATION AND TERMINATION OF THE OPTION. The Option shall expire at 5:00 p.m. Houston, Texas time on the tenth annual anniversary of the Grant Date or prior to such time as follows (the period from the Grant Date to the date of the expiration of the Option is defined as the "Option Period"):
a. Upon termination of the employment of the Option Holder for any reason other than death, the Options exercisable as of the date of termination may be exercised by Option Holder within three months after the date of the termination of employment of the Option Holder. If, as of the date of termination of employment, the Option Holder has completed at least five full years of continuous service with the Company, the three month period provided for in the preceding sentence shall be increased to six months. The determination of whether the Option Holder has completed such period of service shall be made by the Committee.
b. Upon termination of the employment of the Option Holder by reason of the death of the Option Holder, all the shares under the Option without regard to whether exercisable as of the date of the Option Holder's death, may be exercised by the personal representative of the deceased Option Holder, within 12 months of the date of the Option Holder's death.
EXPIRATION AND TERMINATION OF THE OPTION. The Option shall expire ------------------------------------------ at 5:00 p.m. Houston, Texas, time on December 31, 2009, (the period from the date of this Agreement to the expiration date is defined as the option period ("Option Period"). In the event of the death of the Option Holder during the Option Period, the Option shall be exercisable by the Option Holder's estate or by the person who acquired the right to exercise the Option by bequest or inheritance during the Option Period and for a period of up to six months following the death of the Option Holder, if later.
EXPIRATION AND TERMINATION OF THE OPTION. The Option shall expire on the tenth (10th) anniversary of the Grant Date, (the period from the Grant Date to the expiration date is the "Option Period") or prior to such time as follows:
EXPIRATION AND TERMINATION OF THE OPTION. This Option shall expire at 5:00 p.m. Houston, Texas time on July 4, 2011 or prior to such time as hereafter provided (the period from the Effective Date to the date of the expiration of the Option is defined herein as the Option Period):
a. Upon termination of the employment of the Option Holder for any reason other than death or termination by the Company without cause, , the Option exercisable (i.e.,to the extent vested) as of the date of termination may be exercised by Option Holder within three months after the date of the termination of employment of the Option Holder. If, as of the date of termination of employment, the Option Holder has completed at least five full years of continuous service with the Company, the three month period provided for in the preceding sentence shall be increased to six months. The reasonable determination of whether the Option Holder has completed such period of service shall be made by the Company's Board of Directors; provided, however, it is acknowledged that the Option Holder commenced his employment with the Company on April 9, 1999.
b. Upon termination of the employment of the Option Holder by reason of the death of the Option Holder, all the shares under the Option without regard to whether exercisable (i.e.,vested) as of the date of the Option Holder's death, may be exercised by the personal representative of the deceased Option Holder within 12 months of the date of the Option Holder's death.
c. Upon termination of the employment of the Option Holder by the Company without cause, the Option exercisable (i.e., to the extent vested) as of the date of termination may be exercised by Option Holder within twelve (12) months after the date of termination of employment of Option Holder by the Company.
EXPIRATION AND TERMINATION OF THE OPTION. The Option shall expire 10 years (the "Option Period") from the date of this Agreement or prior to such time as follows:
(a) If the Option Holder's employment with the Company is terminated for cause, as determined by the Company, the Option shall terminate immediately and shall thereafter be void for all purposes. As used in this Section 5, "cause" shall mean a gross violation, as determined by the Company, of the Company's established policies and procedures, provided that the effect of this Section 5 shall be limited to determining the consequences of a termination and that nothing in this Section 5 shall restrict or otherwise interfere with the Company's discretion with respect to the termination of any employee.
EXPIRATION AND TERMINATION OF THE OPTION. The Option shall expire ten years from the Effective Date (the period from the Effective Date to the expiration date is the "Option Period") or prior to such time as follows:
a. If the employment of Option Holder by Company is terminated for "Cause" within the Option Period, (i) the Company's obligation to make Subsequent Option Grants shall terminate immediately upon the termination of employment of Option Holder, and (ii) the Option may be exercised by Option Holder (only with respect to that portion of the Option which has vested as of such date in accordance with the terms of this Agreement) at any time within three months following the date of such termination (provided that such exercise must occur within the Option Period), but not thereafter (except as provided in subparagraph (c) below). For purposes of this Agreement, "Cause" shall be defined in the same manner as it is defined in the letter agreement dated September 17, 1998 between Option Holder and KaStar Satellite Communications Corp.
