Other Involuntary Termination or Voluntary Termination. If Optionee’s Employment is terminated for any reason other than for Cause, Retirement, death or Disability, then (i) the non-vested portion of the Option shall immediately expire on the termination of Employment date and (ii) the vested portion of the Option shall expire to the extent not exercised within 90 calendar days after such termination date. In no event may the Option be exercised by anyone after the earlier of (i) the expiration of the Option Period or (ii) 90 calendar days after the termination of Employment date even if Optionee becomes deceased during such period.
Appears in 5 contracts
Samples: Non Statutory Stock Option Agreement (Robbins & Myers Inc), Non Statutory Stock Option Agreement (T-3 Energy Services Inc), Non Statutory Stock Option Agreement (T-3 Energy Services Inc)
Other Involuntary Termination or Voluntary Termination. If Optionee’s Employment 's employment is terminated for any reason other than for Cause, voluntary termination, Retirement, death or Disability, then (i) the non-vested portion of the Option shall immediately expire on the termination of Employment employment date and (ii) the vested portion of the Option shall expire to the extent not exercised within 90 calendar days after such termination date. In no event may the Option be exercised by anyone after the earlier of (i) the expiration of the Option Period or (ii) 90 calendar days after the termination of Employment date even if Optionee becomes deceased during such periodemployment date.
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Basic Energy Services Inc), Nonqualified Stock Option Agreement (Basic Energy Services Inc)
Other Involuntary Termination or Voluntary Termination. If Optionee’s Employment employment is terminated for any reason other than for Cause, Retirement, death or Disability, then (i) the non-vested portion of the Option shall immediately expire on the termination of Employment employment date and (ii) the vested portion of the Option shall expire to the extent not exercised within 90 calendar days after such termination date. In no event may the Option be exercised by anyone after the earlier of (i) the expiration of the Option Period or (ii) 90 calendar days after the termination of Employment date even if Optionee becomes deceased during such periodemployment date.
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Basic Energy Services Inc), Nonqualified Stock Option Agreement (Basic Energy Services Inc)
Other Involuntary Termination or Voluntary Termination. If Optionee’s Employment is terminated for whatever reason, or Optionee resigns for any reason other than reason, either voluntarily or involuntarily, except for Cause, Retirement, death or DisabilityDisability as set out above, then (i) subject to the Vesting Schedule, any non-vested portion of the Option shall immediately expire on the termination of Employment date and (ii) the any vested portion of the Option shall expire to the extent not exercised within 90 calendar one hundred twenty (120) days after such termination date. In ; provided, however, in no event may the Option be exercised by anyone after the earlier of (i) the expiration of the Option Period or (ii) 90 calendar days after the termination of Employment date even if Optionee becomes deceased during such periodPeriod.
Appears in 1 contract
Samples: Nonstatutory Stock Option Agreement (Vaalco Energy Inc /De/)
Other Involuntary Termination or Voluntary Termination. If Optionee’s Employment is voluntarily or involuntarily terminated for any reason other than for whatever reason, except due to Cause, Retirement, death or DisabilityDisability as set out above, then (i) subject to the Vesting Schedule, any non-vested portion of the Option shall immediately automatically expire and terminate on the termination of Employment date and (ii) the any vested portion of the Option shall expire and terminate to the extent not exercised within 90 calendar one hundred twenty (120) days after at the end of such termination date. In ; provided, however, in no event may the Option be exercised by anyone after the earlier of (i) the expiration of the Option Period or (ii) 90 calendar days after the termination of Employment date even if Optionee becomes deceased during such periodPeriod.
Appears in 1 contract
Samples: Standalone Nonstatutory Stock Option Award Agreement (Vaalco Energy Inc /De/)
Other Involuntary Termination or Voluntary Termination. If Optionee’s Employment is terminated for any reason other than for Cause, Retirement, death Death or Disability, then (i) the non-vested portion of the Option shall immediately expire on the termination of Employment date and (ii) the vested portion of the Option shall expire to the extent not exercised within 90 calendar days after the date of such termination dateof Employment. In no event may the Option be exercised by anyone after the earlier of (i) the expiration of the Option Period or (ii) 90 calendar days after the date of termination of Employment date even if Optionee becomes deceased during such periodEmployment.
Appears in 1 contract
Samples: Nonstatutory Stock Option Agreement (Sanders Morris Harris Group Inc)
Other Involuntary Termination or Voluntary Termination. If Optionee’s Employment is terminated for any reason other than for Cause, Retirement, death or Disability, then (i) the non-vested portion of the Option shall immediately expire on the termination of Employment date and (ii) the vested portion of the Option shall expire to the extent not exercised within 90 120 calendar days after such termination date. In no event may the Option be exercised by anyone after the earlier of (i) the expiration of the Option Period or (ii) 90 120 calendar days after the termination of Employment date even if Optionee becomes deceased during such period.
Appears in 1 contract
Samples: Nonstatutory Stock Option Agreement (Vaalco Energy Inc /De/)
Other Involuntary Termination or Voluntary Termination. If Optionee’s Employment is terminated for whatever reason, or Optionee resigns for any reason other than reason, either voluntarily or involuntarily, except for Cause, Retirement, death or DisabilityDisability as set out above, then (i) subject to the vesting schedule in Section 19, any non-vested portion of the Option shall immediately expire on the termination of Employment date and (ii) the any vested portion of the Option shall expire to the extent not exercised within 90 calendar one hundred twenty (120) days after such termination date. In ; provided, however, in no event may the Option be exercised by anyone after the earlier of (i) the expiration of the Option Period or (ii) 90 calendar days after the termination of Employment date even if Optionee becomes deceased during such periodPeriod.
Appears in 1 contract
Samples: Nonstatutory Stock Option Agreement (Vaalco Energy Inc /De/)