Common use of Post-Termination Exercise Period Clause in Contracts

Post-Termination Exercise Period. Unless otherwise provided in Section 2(c), if the Optionee ceases to be a Service Provider, then this Option may be exercised, but only to the extent vested on the date of such cessation as a Service Provider, until the earlier of (i) ninety days after the date upon which the Optionee ceases to be a Service Provider, or (ii) the original ten-year Option term.

Appears in 2 contracts

Samples: Global Stock Option Agreement (Servicesource International, Inc.), Global Stock Option Agreement (Servicesource International, Inc.)

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Post-Termination Exercise Period. Unless otherwise provided Subject to any extended post-termination exercise period set forth in Section 2(c)duly authorized written agreements by and between Optionee and the Company, if the Optionee ceases to be a Service Provider, then this Option may be exercised, but only to the extent vested on the date of such cessation as a Service Provider, until the earlier of (i) ninety days after the date upon which the Optionee ceases to be a Service Provider, or (ii) the original tenseven-year Option term.

Appears in 2 contracts

Samples: Stock Option Agreement (Juniper Networks Inc), Stock Option Agreement (Juniper Networks Inc)

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Post-Termination Exercise Period. Unless otherwise provided Subject to any extended post-termination exercise period set forth in Section 2(c)duly authorized written agreements by and between Optionee and the Company, if the Optionee ceases to be a Service Provider, then this Option may be exercised, but only to the extent vested on the date of such cessation as a Service Provider, until the earlier of (i) ninety days after the date upon which the Optionee ceases to be a Service Provider, or (ii) the original ten-year Option term.

Appears in 1 contract

Samples: Stock Option Agreement (Lantronix Inc)

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