Normal Termination. If Optionee's Employment is Terminated for any reason other than those enumerated in this Section 3(a)(ii), then the Option shall terminate three (3) months from the date of such Termination of Employment but in no event later than the Expiration Date. During such three month period, the Option shall be exercisable only if the date of Termination of Employment is after the ninth anniversary of the Date of Grant.
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Samples: Stock Option Agreement (Tejon Ranch Co), Stock Option Agreement (Tejon Ranch Co), Stock Option Agreement (Tejon Ranch Co)
Normal Termination. If Optionee's Employment is Terminated for any reason other than those specifically enumerated in this Section 3(a)(ii3(a)(iii), (b) or (d), then the Option shall terminate three (3) months from the date of such Termination of Employment but in no event later than the Expiration Date. During such three month period, the Option shall be exercisable only if to the extent it was exercisable on the date of Termination of Employment is after the ninth anniversary of the Date of GrantEmployment.
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