Other Reason. If the services of the Grantee for the Company and its Subsidiaries are terminated for any reason other than those provided above, whether voluntarily by the Grantee or otherwise, the Grantee may, within sixty (60) days following the termination (or if the Board has notified the Grantee of its intent to register an offering of the Company's securities as described in Paragraph 1.9 of this Agreement, the time period becomes sixty (60) days following the 180-day lock-up period provided for in Paragraph 1.9) exercise an Option to the extent the right to exercise had accrued or vested prior to termination. This section (e) shall not affect the right of the Grantee to exercise any portion of the Option granted at the election of the Grantee in conversion of a bonus otherwise payable in cash or for options purchased by nonbonus eligible employees.
Appears in 6 contracts
Samples: Easylink Services Corp, Easylink Services Corp, Easylink Services Corp
