Common use of Extension of Option Exercise Period Clause in Contracts

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.

Appears in 2 contracts

Samples: Employment Agreement (Ariba Inc), Employment Agreement (Ariba Inc)

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Extension of Option Exercise Period. If this Section 9 1 applies, then all options and other rights to purchase shares of Stock and all stock appreciation rights measured by the Company’s Common value of Stock that are held by the Employee at the time of the termination of his Employment employment shall remain exercisable until the earlier of (i) the date 30 24 months after the termination of the Employee’s Employment employment or (ii) the date such options or rights would have expired if the Employee’s Employment employment had not terminated.

Appears in 2 contracts

Samples: Severance Agreement (Ariba Inc), Severance Agreement (Ariba Inc)

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Extension of Option Exercise Period. If this Section 9 8 applies, then all options to purchase shares of the Company’s Common Stock 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 18 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.

Appears in 1 contract

Samples: Employment Agreement (Ariba Inc)

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