Common use of Resignation with Prior Consent of the Board Clause in Contracts

Resignation with Prior Consent of the Board. If the Optionee’s employment by the Employers and Affiliates terminates on or prior to June 22, 2019 by reason of the Optionee’s resignation of employment with the prior consent of the Board (as evidenced in the Company’s minute book), then the Option shall be exercisable only to the extent it is exercisable on the effective date of the Optionee’s resignation and after such date may be exercised by the Optionee (or the Optionee’s Legal Representative) for a period of 90 days after the effective date of the Optionee’s resignation, or until the Expiration Date, whichever period is shorter (the “Resignation Exercise Period”). If the Optionee shall die within the Resignation Exercise Period, then the Option shall be exercisable by the beneficiary or beneficiaries duly designated by the Optionee to the same extent the Option was exercisable by the Optionee on the date of the Optionee’s death, for a period ending on the earlier of (i) the 180 day anniversary of the Optionee’s death and (ii) the Expiration Date.

Resignation with Prior Consent of the Board. If the Optionee’s 's employment by or service with the Employers and Affiliates terminates on or prior to June 22, 2019 by reason of the Optionee’s 's resignation of employment or service with the prior consent of the Board (as evidenced in the Company’s 's minute book), then the Option shall be exercisable only to the extent it is exercisable on the effective date of the Optionee’s 's resignation and after such date may be exercised by the Optionee (or the Optionee’s 's Legal Representative) for a period of 90 days after the effective date of the Optionee’s 's resignation, or until the Expiration Date, whichever period is shorter (the “Resignation Exercise Period”)shorter. If the Optionee shall die within the Resignation Exercise Periodsuch exercise period, then the Option shall be exercisable by the beneficiary or beneficiaries duly designated by the Optionee to the same extent the Option was exercisable by the Optionee on the date of the Optionee’s 's death, for a period ending on 180 days after the earlier of (i) the 180 day anniversary effective date of the Optionee’s death and 's resignation. (ii) the Expiration Date.f)

Resignation with Prior Consent of the Board. If the Optionee’s 's employment by or service with the Employers and Affiliates terminates on or prior to June 22, 2019 by reason of the Optionee’s 's resignation of employment or service with the prior consent of the Board (as evidenced in the Company’s 's minute book), then the Option shall be exercisable only to the extent it is exercisable on the effective date of the Optionee’s 's resignation and after such date may be exercised by the Optionee (or the Optionee’s 's Legal Representative) for a period of 90 days after the effective date of the Optionee’s 's resignation, or until the Expiration Date, whichever period is shorter (the “Resignation Exercise Period”)shorter. If the Optionee shall die within the Resignation Exercise Periodsuch original exercise period, then the Option shall be exercisable by the beneficiary or beneficiaries duly designated by the Optionee Optionee, to the same extent the Option was exercisable by the Optionee on the date of the Optionee’s 's death, for a period ending on 180 days after the earlier of (i) the 180 day anniversary effective date of the Optionee’s death and (ii) the Expiration Date's resignation.

Resignation with Prior Consent of the Board. If the Optionee’s employment by or service with the Employers and Affiliates terminates on or prior to June 22, 2019 by reason of the Optionee’s resignation of employment or service with the prior consent of the Board (as evidenced in the Company’s minute book), then the Option shall be exercisable only to the extent it is exercisable on the effective date of the Optionee’s resignation and after such date may be exercised by the Optionee (or the Optionee’s Legal Representative) for a period of 90 days after the effective date of the Optionee’s resignation, or until the Expiration Date, whichever period is shorter (the “Resignation Exercise Period”)shorter. If the Optionee shall die within the Resignation Exercise Periodsuch original exercise period, then the Option shall be exercisable by the beneficiary or beneficiaries duly designated by the Optionee Optionee, to the same extent the Option was exercisable by the Optionee on the date of the Optionee’s death, for a period ending on 180 days after the earlier of (i) the 180 day anniversary effective date of the Optionee’s death and resignation. (ii) the Expiration Date.e)