Post-Termination Exercise. The Grantee (or the Grantee’s guardian, legal representative, executor, personal representative or the person to whom the Option shall have been transferred by will or the laws of descent and distribution, as the case may be) may exercise all or any part of the vested portion of the Option during such post termination of employment period, but not later than the end of the term of the Option. Any portion of the Option which is unvested as of the date of termination of service shall immediately terminate.
Post-Termination Exercise. Upon termination of Executive’s employment for any reason other than that described in subsection b above, Executive shall have one year to exercise any Stock Options that are vested or become vested as of the date of Executive’s termination of employment, subject to earlier expiration of the Stock Option as provided in Section 3.
Post-Termination Exercise. In the event of a Termination After Transfer of Control, the Option, to the extent unexercised by the Optionee on the later of (i) the date on which the Optionee's employment terminated and, if applicable, (ii) the termination of the Consulting Agreement (such later date, the "Termination Date"), may be exercised by the Optionee within three (3) months (or six (6) months if the Optionee is subject to restrictions on transfer to comply with "Pooling-of-Interests" accounting rules) following the Termination Date, but in any event no later than the expiration date set forth in the Option Agreement.
Post-Termination Exercise. Subject to the provisions of Sections 7 and 8 of this Option Agreement, if the Optionee's service with the Company or any Subsidiary terminates, other than as described in Section 6(b) of this Option Agreement, the Optionee may, to the extent otherwise so entitled at the date of Optionee's termination of service (the "Termination Date"), exercise the Option until the 60th day following the Optionee's Termination Date (the "Post-Termination Exercise Period"). Upon termination of the Optionee's service with the Company or any Subsidiary as described in Section 6(b) of this Option Agreement, the Optionee's right to exercise the Option shall, except as otherwise determined by the Committee, terminate concurrently with the termination of the Optionee's service with the Company or Subsidiary. Except as may otherwise be provided under the Plan in connection with the termination of Optionee's employment as a result of the Optionee's death or Disability, in no event may the Option be exercised later than the Expiration Date set forth on the first page of this Option Agreement. In the event of the Optionee's change in status from Employee, non-employee director or Consultant to any other status of Employee, non-employee director or Consultant, the Option shall remain in effect and, except to the extent otherwise determined by the Committee, continue to vest. Except as provided in Sections 7 and 8 of this Option Agreement, to the extent that the Optionee is not entitled to exercise the Option on the Termination Date, or if the Optionee does not exercise the Option within the Post-Termination Exercise Period, the Option shall terminate.
Post-Termination Exercise. In the event of a Termination After Transfer of Control, the Option, to the extent unexercised by the Optionee on the date on which the Optionee's employment terminated, may be exercised by the Optionee within three (3) months (or six (6) months if the Optionee is subject to restrictions on transfer to comply with "Pooling-of-Interests" accounting rules) after the date on which the Optionee's employment terminated, but in any event no later than the expiration date set forth in the Option Agreement.
Post-Termination Exercise. During the period from the Participant's cessation or termination until the termination or expiration of the Option, the Participant, or the person or persons to whom the Option shall have been transferred by will or by the laws of descent and distribution, may exercise the Option only to the extent that such Option was exercisable on the date of the Participant's cessation or termination.
Post-Termination Exercise. The Committee shall establish and set forth in each instrument that evidences an Option whether the Option shall continue to be exercisable, and the terms and conditions of such exercise, after a Termination of Service, any of which provisions may be waived or modified by the Committee at any time, provided that any such waiver or modification shall satisfy the requirements for exemption under Code Section 409A unless otherwise determined by the Committee.
Post-Termination Exercise. The Committee shall establish and set forth in each instrument that evidences a freestanding SAR whether the SAR shall continue to be exercisable, and the terms and conditions of such exercise after a Termination of Service, any of which provisions may be waived or modified by the Committee at any time, provided that any such waiver or modification shall satisfy the requirements for exemption under Code Section 409A unless otherwise determined by the Committee.
Post-Termination Exercise. Subject to the provisions of Sections 7 and 8 of this Option Agreement, if the Optionee’s service with the Company or any Subsidiary terminates, other than as described in Section 6(b) of this Option Agreement, the Optionee may, to the extent otherwise so entitled at the date of Optionee’s termination of service (the “Termination Date”), exercise the Option until the 60th day following the Optionee’s Termination Date (the “Post-Termination Exercise Period”). Upon termination of the Optionee’s service with the Company or any Subsidiary as described in Section 6(b) of this Option Agreement, the Optionee’s right to exercise the Option shall, except as otherwise determined by the Committee, terminate concurrently with the termination of the Optionee’s service with the Company or Subsidiary. In no event may the Option be exercised later than the Expiration Date set forth on the first page of this Option Agreement. In the event of the Optionee’s change in status from Employee, non-employee director or Consultant to any other status of Employee, non-employee director or Consultant, the Option shall remain in effect and, except to the extent otherwise determined by the Committee, continue to vest. Except as provided in Sections 7 and 8 of this Option Agreement, to the extent that the Optionee is not entitled to exercise the Option on the Termination Date, or if the Optionee does not exercise the Option within the Post-Termination Exercise Period, the Option shall terminate.
Post-Termination Exercise. To obtain the U.S. federal income tax advantages associated with an Incentive Stock Option, the U.S. Internal Revenue Code requires, among other things, that at all times beginning on the Grant Date and ending on the day three (3) months before the date of exercise of the Option, the U.S. Participant must be an employee of the Company or a Subsidiary (except in the event of the U.S. Participant’s Disability, in which case a 12-month period applies or in the event of the U.S. Participant’s death). If an Option is exercised more than three (3) months after the U.S. Participant’s employment terminates (other than on account of Disability or death) or more than twelve (12) months after the U.S. Participant’s employment terminates on account of Disability, the Option will not qualify as an Incentive Stock Option.
