Post-Employment. The Option may be exercised for three months after termination of the Optionee’s employment if such cessation of employment is for a reason other than death or disability, but only to the extent that it was exercisable immediately prior to termination of employment, provided that if termination of the Optionee’s employment shall have been for cause, the Option shall expire, and all rights to purchase Shares hereunder shall terminate, immediately upon such termination.
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Samples: Incentive Stock Option Agreement (Westcott Products Corp), Incentive Stock Option Agreement (Westcott Products Corp), Incentive Stock Option Agreement (Westcott Products Corp)
Post-Employment. The Option may be exercised for three months ninety (90) days after resignation or termination of the Optionee’s employment employment, if such cessation of employment is for a reason other than death or disability, but only to the extent that it was exercisable immediately prior to termination of employmentsuch resignation or termination; provided, provided however, that if resignation or termination of the Optionee’s employment shall have been for cause, the Option shall immediately expire, and all rights to purchase Shares hereunder Shares, vested or otherwise, hereunder, shall terminate, immediately expire upon such termination.
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Samples: Employee Incentive Stock Option Agreement (KonaTel, Inc.), Employee Incentive Stock Option Agreement (KonaTel, Inc.)
Post-Employment. The Option may be exercised for three months ninety (90) days after resignation or termination of the Optionee’s employment employment, if such cessation of employment is for a reason other than death or disability, but only to the extent that it was exercisable immediately prior to termination of employmentsuch resignation or termination; provided, provided however, that if resignation or termination of the Optionee’s employment shall have been for cause, the Option shall expire, and all rights to purchase Shares hereunder shall terminate, immediately upon such termination.
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Post-Employment. The Option may be exercised for three (3) months after termination of the Optionee’s employment employment, if such cessation of employment is for a reason other than death or disability, but only to the extent that it was exercisable immediately prior to termination of employment, provided provided, however, that if termination of the Optionee’s employment shall have been for cause, the Option shall expire, and all rights to purchase Shares hereunder shall terminate, immediately upon such termination.
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Samples: Incentive Stock Option Agreement (Dala Petroleum Corp.)
Post-Employment. The Option may be exercised for three (3) months after termination of the Optionee’s employment employment, if such cessation of employment is for a reason other than death or disability, but only to the extent that it was exercisable immediately prior to termination of employmentsuch resignation or termination; provided, provided however, that if resignation or termination of the Optionee’s employment shall have been for cause, the Option shall expire, and all rights to purchase Shares hereunder shall terminate, immediately upon such termination.
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Post-Employment. The Option may be exercised for three the later of (i) six (6) months after termination of the Optionee’s employment or (ii) the six (6) months from the vesting of the Option, if such cessation of employment is for a reason other than death or disabilitydisability or retirement, but only to the extent that it was exercisable immediately prior to termination of employmentprovided, provided however, that if termination of the Optionee’s employment shall have been for cause, the Option shall expire, and all rights to purchase Shares hereunder shall terminate, immediately upon such termination.
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Post-Employment. The Option may be exercised for three months after termination of the Optionee’s employment if such cessation of employment is for a reason other than death or disabilityDisability (as defined in Section 14 hereof), but only to the extent that it was exercisable immediately prior to termination of employment, provided that if termination of the Optionee’s employment shall have been for causeCause, the Option shall expire, and all rights to purchase Shares hereunder shall terminate, immediately upon such termination.
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