Post-termination Exercisability Extension Clause Samples
The Post-termination Exercisability Extension clause allows individuals, typically employees or contractors, to exercise their vested stock options for a specified period after their service with a company ends. Instead of requiring immediate exercise upon termination, this clause extends the window—often from the standard 90 days to a longer period such as 6 or 12 months—during which the individual can purchase shares. This extension provides greater flexibility and reduces pressure on departing individuals, ensuring they have adequate time to make financial decisions regarding their options and mitigating the risk of losing valuable equity due to short deadlines.
Post-termination Exercisability Extension. Each of Executive’s then-outstanding options to purchase Shares, including but not limited to those options that have vested fully pursuant to subsection (a) above, will continue to be exercisable through the expiration of its maximum term as specified in the applicable stock option agreement, even if Executive subsequently terminates employment with the Company.
Post-termination Exercisability Extension. The Extended Exercisability of Executive’s vested and then-outstanding options to purchase Shares.