Common use of Extension of Post-Termination of Service Exercise Period Clause in Contracts

Extension of Post-Termination of Service Exercise Period. The period during which the Option can be exercised after a termination of service subject to Sections 6(a), (b), (d) or (e) above will be extended for any period during which the Optionee cannot exercise the Option because such an exercise would violate an applicable Federal, state, local, or foreign law, until 30 days after the exercise of the Option first would no longer violate an applicable Federal, state, local, and foreign laws.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Wellcare Health Plans, Inc.), Non Qualified Stock Option Agreement (Wellcare Health Plans, Inc.), Non Qualified Stock Option Agreement (Wellcare Health Plans, Inc.)

AutoNDA by SimpleDocs

Extension of Post-Termination of Service Exercise Period. The Notwithstanding the foregoing, the period during which the Option can be exercised after a termination of service subject to Sections 6(a), (bc), or (d) or (e) above will be extended for any period during which the Optionee cannot exercise the Option because such an exercise would violate an applicable Federal, state, local, or foreign law, until 30 days after the exercise of the Option first would no longer violate an applicable Federal, state, local, and foreign laws, but in no event after the expiration date of the Option provided in Section 7(a) below.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Wellcare Health Plans, Inc.), Non Qualified Stock Option Agreement (Wellcare Health Plans, Inc.)

Extension of Post-Termination of Service Exercise Period. The period during which the Option can be exercised after a termination of service subject to Sections 6(a), (b), (d) or (e) above will be extended for any period during which the Optionee cannot exercise the Option because such an exercise would violate an applicable Federal, state, local, or foreign law, until 30 days after the exercise of the Option first Optionfirst would no longer violate an applicable Federal, state, local, and foreign laws.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Wellcare Health Plans, Inc.)

Extension of Post-Termination of Service Exercise Period. The period during which the Option can be exercised after a termination of service subject to Sections 6(a), (bc), or (d) or (e) above will be extended for any period during which the Optionee cannot exercise the Option because such an exercise would violate an applicable Federal, state, local, or foreign law, until 30 days after the exercise of the Option first would no longer violate an applicable Federal, state, local, and foreign lawslaws but in no event beyond the expiration of the Option in accordance with Section 7(a).

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Wellcare Health Plans, Inc.)

AutoNDA by SimpleDocs

Extension of Post-Termination of Service Exercise Period. The period during which the Option can be exercised after a termination of service subject to Sections 6(a), (b), (d) or (e) above will be extended for any period during which the Optionee cannot exercise the Option because such an exercise would violate an applicable Federal, state, local, or foreign law, until 30 days after the exercise of the Option first would no Optionfirst wouldno longer violate an applicable Federal, state, local, and foreign laws.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Wellcare Health Plans, Inc.)

Extension of Post-Termination of Service Exercise Period. The Notwithstanding the foregoing, the period during which the Option can be exercised after a termination of service ser vice subject to Sections 6(a), (bc), or (d) or (e) above will be extended for any period during which the Optionee cannot exercise the Option because such an exercise would violate an applicable Federal, state, local, or foreign law, until 30 days after the exercise of the Option first would no longer violate an applicable Federal, state, local, and foreign laws, but in no event after the expiration date of the Option provided in Section 7(a) below.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Wellcare Health Plans, Inc.)

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