Common use of Expiration of Option Clause in Contracts

Expiration of Option. The Option shall expire or terminate and may not be exercised to any extent by the Optionee after the first to occur of the following events: (a) The tenth anniversary of the Date of Grant, or such earlier time as the Company may determine is necessary or appropriate in light of applicable foreign tax laws; or (b) Immediately upon the Optionee's Termination of Employment for Cause (as defined in Section 11 herein).

Appears in 4 contracts

Samples: Stock Option Agreement (RJR Nabisco Inc), Stock Option Agreement (Nabisco Inc), Stock Option Agreement (Nabisco Inc)

AutoNDA by SimpleDocs

Expiration of Option. The Option shall expire or terminate and may -------------------- not be exercised to any extent by the Optionee after the first to occur of the following events: (a) The tenth fifteenth anniversary of the Date of Grant, or such earlier time as the Company may determine is necessary or appropriate in light of applicable foreign tax laws; or (b) Immediately upon the Optionee's Termination of Employment for Cause (as defined in Section 11 herein).

Appears in 3 contracts

Samples: Stock Option Agreement (RJR Nabisco Inc), Stock Option Agreement (RJR Nabisco Inc), Stock Option Agreement (RJR Nabisco Inc)

Expiration of Option. The Option shall expire or terminate and may not be exercised to any extent by the Optionee after the first to occur of the following events: (a) The tenth anniversary of the Date of Grant, or such earlier time as the Company may determine is necessary or appropriate in light of applicable foreign tax laws; or (b) Immediately upon the Optionee's Termination of Employment for Cause (as defined in Section 11 hereinthe Optionee's employment agreement).

Appears in 3 contracts

Samples: Stock Option Agreement (Nabisco Inc), Stock Option Agreement (RJR Nabisco Inc), Stock Option Agreement (RJR Nabisco Inc)

Expiration of Option. The Option shall expire or terminate and may --------------------- not be exercised to any extent by the Optionee after the first to occur of the following events: (a) The tenth fifteenth anniversary of the month containing the Date of Grant, or such earlier time as the Company may determine is necessary or appropriate in light of applicable foreign tax laws; or (b) Immediately upon the Optionee's Termination of Employment for Cause (as defined in Section 11 herein).

Appears in 1 contract

Samples: Stock Option Agreement (RJR Nabisco Inc)

Expiration of Option. The Option shall expire or terminate and may not --------------------- be exercised to any extent by the Optionee after the first to occur of the following events: (a) The tenth seventh anniversary of the month containing the Date of Grant, or such earlier time as the Company may determine is necessary or appropriate in light of applicable foreign tax laws; or (b) Immediately upon the Optionee's Termination of Employment for Cause (as defined in Section 11 herein).

Appears in 1 contract

Samples: Stock Option Agreement (RJR Nabisco Inc)

Expiration of Option. The Option shall expire or terminate and may not be exercised to any extent by the Optionee after the first to occur of the following events: (a) The tenth anniversary of the Date of Grant, or such earlier time as the Company may determine is necessary or appropriate in light of applicable foreign tax laws; or (b) Immediately upon the Optionee's Termination of Employment for Cause (as defined in Section 11 herein)Cause.

Appears in 1 contract

Samples: Stock Option Agreement (RJR Nabisco Inc)

Expiration of Option. The Option shall expire or terminate and may not be exercised to any extent by the Optionee after as of the first to occur of the following events: (a) The tenth anniversary of the Date of GrantGrant Date, or such earlier time as the Company may determine is necessary or appropriate in light of applicable foreign tax laws; or (b) Immediately upon The second anniversary of the date of the Optionee's ’s Termination of Employment for Cause (as defined in Section 11 herein).by reason of death; or

Appears in 1 contract

Samples: Stock Option Agreement (Avon Products Inc)

AutoNDA by SimpleDocs

Expiration of Option. The Option shall expire or terminate and may not be exercised to any extent by anyone on the Optionee after the first earliest to occur of the following events: (a) The the tenth anniversary of the Date of Grant, or such earlier time as the Company may determine is necessary or appropriate in light of applicable foreign tax laws; orGrant Date; (b) Immediately upon the Optionee's a Termination of Employment for Cause except, as follows: (as defined in Section 11 herein)i) BY COMPANY WITHOUT CAUSE; BY OPTIONEE WITH GOOD REASON; OR DUE TO DEATH, DISABILITY OR SCHEDULED RETIREMENT.

Appears in 1 contract

Samples: Stock Option Agreement (Travelcenters of America Inc)

Expiration of Option. The Option shall expire or terminate and may not be exercised to any extent by the Optionee after the first to occur of the following events: (a) The tenth anniversary of the Date of Grant, or such earlier time as the Company may determine is necessary or appropriate in light of applicable foreign tax laws; or or (b) Immediately upon the Optionee's Termination of Employment for Cause (as defined in Section 11 herein).

Appears in 1 contract

Samples: Stock Option Agreement (RJR Nabisco Inc)

Expiration of Option. The Option shall expire or terminate and may not be exercised to any extent by the Optionee after the first to occur of the following events: (a) The tenth fifteenth anniversary of the Date of Grant, or such earlier time as the Company may determine is necessary or appropriate in light of applicable foreign tax laws; or (b) Immediately upon the Optionee's Termination of Employment for Cause (as defined in Section 11 herein).

Appears in 1 contract

Samples: Stock Option Agreement (RJR Nabisco Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!