Failure to Exercise Nonqualified Option. To the extent that following termination of Continuous Status as a Participant, the Participant does not exercise the Nonqualified Option within the applicable post-employment periods described above in this Section 3, all rights to purchase Shares pursuant to the Nonqualified Option cease and terminate as of the date of expiration of the applicable post-employment period for exercise, and the Participant shall have no rights or interest with respect to such Nonqualified Option following such expiration date.
Appears in 5 contracts
Samples: Nonqualified Option Agreement (Four Springs Capital Trust), Nonqualified Option Agreement (Four Springs Capital Trust), Nonqualified Option Agreement (Four Springs Capital Trust)
