Common use of Extension of Stock Option Exercise Term Clause in Contracts

Extension of Stock Option Exercise Term. All vested stock options held by the Executive as of the Termination Date shall expire six (6) months after the Termination Date; provided, however, that any extension contemplated by this provision shall not extend beyond the date that is the earlier of the tenth anniversary of the date of grant or the original expiration date of the term of the option. Note: Exercising ISO stock options later than three months after the Executive’s Termination Date is a disqualifying event for ISO purposes and will turn the ISO into a non-qualifying stock option.

Extension of Stock Option Exercise Term. All vested stock options held by the Executive as of the Termination Date shall expire six (6) months after the Termination Date; provided, however, that any extension contemplated by this provision shall not extend beyond the date that is the earlier of the tenth anniversary of the date of grant or the original expiration date of the term of the option. Note: Exercising ISO stock options later than three months after the Executive’s Termination Date is a disqualifying event for ISO purposes and will turn the ISO into a non-qualifying stock option.

Extension of Stock Option Exercise Term. All vested stock options held by the Executive as of the Termination Date shall expire six (6) months after the Termination Date; provided, however, that any extension contemplated by this provision shall not extend beyond the date that is the earlier of the tenth anniversary of the date of grant or the original expiration date of the term of the option. Note: Exercising ISO stock options later than three months after the Executive’s Termination Date termination date is a disqualifying event for ISO purposes and will turn the ISO into a non-qualifying stock option.