Common use of Period for Exercise Upon Termination of Employment Clause in Contracts

Period for Exercise Upon Termination of Employment. With respect to shares subject to the ISO Option for which the applicable Vesting Dates have occurred or for which the Committee has accelerated vesting in accordance with Section 6, the Participant, or the representative of a deceased Participant, shall be entitled to purchase such shares within three months of such date of termination of employment or one year in the case of a Participant suffering a Disability or in the case of a deceased Participant.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Helmerich & Payne Inc), Incentive Stock Option Agreement (Helmerich & Payne Inc)

AutoNDA by SimpleDocs

Period for Exercise Upon Termination of Employment. With respect to shares subject to the ISO Stock Option for which the applicable Vesting Dates have Exercisable Date(s) has occurred or for which the Committee has accelerated vesting in accordance with Section 6, the Participant, or the representative of a deceased Participant, shall be entitled have the right to purchase such shares within three twelve months of such date of termination of employment or one year in the case of a Participant suffering a Disability or in the case of a deceased Participantemployment.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Chesapeake Energy Corp), Retention Nonqualified Stock Option Agreement (Chesapeake Energy Corp)

AutoNDA by SimpleDocs

Period for Exercise Upon Termination of Employment. With respect to shares subject to the ISO Stock Option for which the applicable Vesting Dates have Date(s) has occurred or for which the Committee has accelerated vesting or provided for continued vesting in accordance with Section 6, the Participant, or the representative of a deceased Participant, shall be entitled have the right to purchase such shares within three twelve months of such date of termination of employment (or one year the date of vesting in the case event the Committee allows for continued vesting following termination of a Participant suffering a Disability or employment in the case of a deceased Participantaccordance with Section 6).

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Chesapeake Energy Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!