Option Exercise Term Extension Sample Clauses

Option Exercise Term Extension. Notwithstanding anything contained in the Company's option plan or the applicable option agreements with ▇▇▇▇▇ to the contrary, the exercise term of the options to purchase 100,000 shares of IsoRay common stock owned by ▇▇▇▇▇, with a grant date of July 1, 2009 (the "Vesting Options"), shall fully vest effective as of the Resignation Date regardless of their original terms of vesting as originally set forth in the applicable option agreement and shall not be reduced as a result of ▇▇▇▇▇ ceasing to be employed by the Company. All options held by ▇▇▇▇▇ as of the Resignation Date other than the Vesting Options shall be cancelled and terminate in accordance with the terms of the Company's various stock option plans pursuant to which said options were granted.