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Common use of Forfeiture of Options Clause in Contracts

Forfeiture of Options. Notwithstanding any other provision of this Agreement, any unexercised stock options or unvested stock award shall become nonexercisable and shall be forfeited if the Employee is terminated pursuant to Section 8.1 hereof.

Appears in 4 contracts

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

Forfeiture of Options. Notwithstanding any other provision of --------------------- this Agreement, any unexercised stock options or unvested stock award shall become nonexercisable and shall be forfeited if the Employee is terminated pursuant to Section 8.1 hereof.

Appears in 1 contract

Samples: Employment Agreement (Imagemax Inc)

Forfeiture of Options. Notwithstanding any other provision --------------------- of this Agreement, any unexercised stock options or unvested stock award shall become nonexercisable and shall be forfeited if the Employee is terminated pursuant to Section 8.1 hereof.. EXECUTION COPY

Appears in 1 contract

Samples: Employment Agreement (Imagemax Inc)