Extension of Option Exercise Period. If this Section 1 applies, then all options and other rights to purchase shares of Stock and all stock appreciation rights measured by the value of Stock that are held by the Employee at the time of the termination of his employment shall remain exercisable until the earlier of (i) the date 30 months after the termination of the Employee’s employment or (ii) the date such options or rights would have expired if the Employee’s employment had not terminated.
Extension of Option Exercise Period. If this Section 9 applies, then all options to purchase shares of the Company’s Common Stock held by the Employee at the time of the termination of his Employment shall remain exercisable until the earlier of (i) the date 30 months after the termination of the Employee’s Employment or (ii) the date such options would have expired if the Employee’s Employment had not terminated.
Extension of Option Exercise Period. If any information is provided to Genzyme following the receipt of Option Notice pursuant to Sections 3.2.2 (Incomplete Data Option Package), 3.2.3 (Supplements to Option Data Package) or 3.2.4 (Due Diligence and Information Sharing Following Option Data Package) and such information is, in Genzyme’s reasonable discretion, material information not previously provided to Genzyme relating to the applicable Collaboration Program and Collaboration Product, the Option Exercise Period shall, if necessary and upon notice from Genzyme to Voyager, be extended such that there is at least [***] between Genzyme’s receipt of such material information and the expiration of such Option Exercise Period.
Extension of Option Exercise Period. If this Section 6 applies, then all options and other rights to purchase shares of Stock, and all stock appreciation rights measured by the value of Stock, that are held by the Employee when the Separation occurs shall remain exercisable until the earlier of:
(i) The later of (A) the date 12 months after the Separation or (B) with respect to any increment of options or rights that becomes exercisable later than nine months after the Separation, the date three months after such increment becomes exercisable; or
(ii) The date the options or rights would have expired if the Separation had not occurred.
Extension of Option Exercise Period. If this Section 1 applies, then all options and other rights to purchase shares of the Company’s Common Stock (“Stock”), and all stock appreciation rights measured by the value of Stock, that are held by the Employee when the Separation occurs shall remain exercisable until the earlier of: 1 Certain capitalized terms are defined in Section 8.
(i) The date 30 months after the Separation; or
(ii) The date such options or rights would have expired if the Separation had not occurred.
Extension of Option Exercise Period. If this Section 2 applies, and if the termination of the Employee’s employment is effective after December 31, 2005, then all of the Options held by the Employee at the time of the termination of his employment shall remain exercisable until the earlier of:
(i) The later of (A) the date 12 months after the termination of the Employee’s employment or (B) with respect to any increment of such Options that becomes exercisable later than nine months after the termination of the Employee’s employment, the date three months after such increment becomes exercisable; or
(ii) The date such Options would have expired if the Employee’s employment had not terminated.
Extension of Option Exercise Period. Notwithstanding the above, in the event that the Participant’s employment is terminated by the Company or by the Participant solely under the specified and limited circumstances specified in the SBA and/or the MRA, as applicable, the Option, to the extent unexercised and exercisable by the Participant on the date of the Participant’s termination, may be exercised by the Participant until the earlier of (i) 165 calendar days after the Participant’s date of termination or (ii) the Option Termination Date, provided that the Participant complies with all of the terms and conditions set forth in the applicable SBA and/or MRA.
Extension of Option Exercise Period. Notwithstanding the above, in the event that the Participant’s employment is terminated by the Company without Cause or by the Participant for Good Reason (regardless of whether such termination is in Connection with a Change of Control), the Option, to the extent unexercised and exercisable by the Participant on the date of the Participant’s termination, may be exercised by the Participant until the earlier of (i) 165 calendar days after the Participant’s date of termination or (ii) the Option Termination Date, provided that Participant signs the separation agreement and release of claims as set forth in Section 8(d) of the Employment Agreement and otherwise complies with such section.
Extension of Option Exercise Period. Notwithstanding the above, in the event that the Participant’s employment is terminated by the Company without Cause or by the Participant for Good Reason (regardless of whether such termination is in Connection with a Change of Control), the Option, to the extent unexercised and exercisable by the Participant on the date of the Participant’s termination, may be exercised by the Participant until the earlier of (i) 165 calendar days after the Participant’s date of termination or (ii) the Option Termination Date, provided that the Participant signs and does not revoke the Release Agreement as described in paragraphs 3 of the Management Retention Agreement and the Severance Benefits Agreement, both signed on June 21, 2007.
Extension of Option Exercise Period. Executive and the Company agree that the period of time in which Executive, Executive has to exercise the shares subject to the Options shall be extended until the earlier of (i) the expiration of the original term of each Option or (ii) second anniversary of the Termination Date. Notwithstanding the foregoing, in no event shall any Option remain outstanding or exercisable: (i) more than 10 years following the date of grant of the Option; or (ii) following termination of the Option (i.e., such Option’s original expiration date). *** CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE SEC
