Common use of Other Termination of Service Clause in Contracts

Other Termination of Service. If the Optionee ceases to be an officer or employee of, or to perform other services for, the Company or any Subsidiary for any reason other than death, Disability, Retirement or Cause, the portion of the Option that was exercisable on the date of such cessation shall remain so for a period of 90 days after the date of such cessation, but in no event after the expiration date provided in Section 7(a) below; provided that the Option shall immediately terminate in the event that the Optionee engages in Competition during such 90 day period, unless the Optionee has received written consent to do so from the Company.

Other Termination of Service. If the Optionee ceases to be an officer or employee of, or to perform other services for, the Company or any Subsidiary for any reason other than death, Disability, Retirement by the Company without Cause, for Good Reason or Cause, the portion of the Option that was exercisable on the date of such cessation shall remain so for a period of 90 ninety days after the date of such cessation, but in no event after the expiration date provided in Section 7(a) below; provided that the Option shall immediately terminate in the event that the Optionee engages in Competition during such 90 day period, unless the Optionee has received written consent to do so from the Company.

Other Termination of Service. If the Optionee ceases to be an officer or employee of, or to perform other services for, the Company Company, CHMI or any Subsidiary for any reason other than death, Disability, Retirement or Cause, the portion of the Option that was exercisable on the date of such cessation shall remain so for a period of 90 days after the date of such cessation, but in no event after the expiration date provided in Section 7(a) below; provided that the Option shall immediately terminate in the event that the Optionee engages in Competition during such 90 day period, unless the Optionee has received written consent to do so from the Company.

Other Termination of Service. If the Optionee ceases to be an a director, officer or employee of, or to perform other services for, the Company or any Subsidiary for any reason other than death, Disability, Retirement or Cause, the portion of the Option that was exercisable on the date of such cessation shall remain so for a period of 90 days after the date of such cessation, but in no event after the expiration date provided in Section 7(a) below; provided that the Option shall immediately terminate in the event that the Optionee engages in Competition during such 90 day period, unless the Optionee has received written consent to do so from the Company.

Other Termination of Service. If the Optionee ceases to be an officer or employee of, or to perform other services for, the Company or any Subsidiary for any reason other than death, Disability, Retirement Without Cause or Causefor Good Reason, the portion of the Option that was exercisable on the date of such cessation shall remain so for a period of 90 days one year after the date of such cessation, but in no event after the expiration date provided in Section 7(a) below; provided that the Option shall immediately terminate in the event that the Optionee engages in Competition during such 90 day period, unless the Optionee has received written consent to do so from the Company.