Common use of Option Extension Clause in Contracts

Option Extension. The Corporation shall use its best efforts to obtain stockholder approvals, to the extent required, of amendments to any stock option plan it may have which would provide that the termination date for all options held under such plans by the Employee and exercisable as of the date of the termination of Employee (as a result of Employee's disability) shall remain exercisable until (i) the termination date as set forth in the respective option certificates or (ii) 18 months after the date of termination (as a result of Employee's disability), whichever is later.

Option Extension. The Corporation shall use its best efforts to obtain stockholder approvals, to the extent required, of amendments to any stock option plan it may have which would provide that the termination date for all options held under each such plans plan by the Employee and exercisable as of the date of the termination of Employee (as a result of Employee's disability) his death shall remain exercisable until (i) the termination date as set forth in the respective option certificates or (ii) 18 months after the date of termination (as a result of Employee's disability)Section 5 Termination, whichever is later.

Option Extension. The Corporation shall use its best efforts to obtain stockholder approvals, to the extent required, of amendments to any stock option plan it may have its 1985 Non-Qualified Stock Option Plan and its 1996 Employee Stock Option Plan which would provide that the termination date for all options held under such plans by the Employee and exercisable as of the date of the termination of Employee (as a result of Employee's disability) his death shall remain exercisable until (i) the termination date as set forth in the respective option certificates or (ii) 18 months after the date of termination (as a result of Employee's disability)Section 5 Termination, whichever is later.