Expiration Upon Termination of Employment. Any portion of the Option that was not vested and exercisable on the Termination Date shall expire on such date and may not be exercised thereafter under any circumstance. Any portion of the Option that was vested and exercisable on the Termination Date shall expire on the earlier of (i) three months after the Termination Date (or 12 months after the Termination Date if the termination was caused by Optionee’s death, disability or retirement) and (ii) the Expiration Date and may not be exercised thereafter under any circumstance.
Appears in 2 contracts
Samples: Stock Option Agreement (Therma Wave Inc), Stock Option Agreement (Therma Wave Inc)
Expiration Upon Termination of Employment. Any portion of the Option that was not vested and exercisable on the Termination Date shall expire on such date and may not be exercised thereafter under any circumstance. Any portion of the Option that was vested and exercisable on the Termination Date shall expire on the earlier of (i) three months 90 days after the Termination Date (or 12 6 months after the Termination Date if the termination was caused by Optionee’s death, disability 's death or retirementdisability) and (ii) the Expiration Date and may not be exercised thereafter under any circumstance.
Appears in 2 contracts
Samples: Stock Option Agreement (Therma Wave Inc), Stock Option Agreement (Therma Wave Inc)
Expiration Upon Termination of Employment. Any portion of the Option that was not vested and exercisable on the Termination Date shall expire on such date and may not be exercised thereafter under any circumstance. Any portion of the Option that was vested and exercisable on the Termination Date shall expire on the earlier of (i) three months after the Termination Date (or 12 months after the Termination Date if the termination was caused by Optionee’s 's death, disability or retirement) and (ii) the Expiration Date and may not be exercised thereafter under any circumstance.. Non-
Appears in 1 contract
Expiration Upon Termination of Employment. Any portion of the Option that was not vested and exercisable on the Termination Date shall expire on such date and may not be exercised thereafter under any circumstance. Any portion of the Option that was vested and exercisable on the Termination Date shall expire on the earlier of (i) three months 90 days after the Termination Date (or 12 months after the Termination Date if the termination was caused by Optionee’s death, disability or retirement) and (ii) the Expiration Date and may not be exercised thereafter under any circumstance.
Appears in 1 contract