Common use of Retention of Vested Options Clause in Contracts

Retention of Vested Options. Portions of the Option which shall have vested on or prior to the Termination Date shall not be forfeited by the Recipient on such Date and shall be retained by Recipient (or Recipient’s estate, heirs or personal representatives, as the case may be) for (i) 90 days after the Termination Date, if Recipient’s termination of employment with or services to the Company and its Affiliates did not constitute a Qualifying Termination or a Severance Eligible Termination or (ii) one year after the Termination Date, if such termination constituted a Qualifying Termination or a Severance Eligible Termination; provided, however, that in no event may any portion of the Option be exercised following the expiration of the Term.

Retention of Vested Options. Portions of the Option which shall have vested on or prior to the Termination Date shall not be forfeited by the Recipient on such Date and shall be retained by Recipient (or Recipient’s estate, heirs or personal representatives, as the case may be) for (i) 90 days after the Termination Date, if the termination of Recipient’s termination of employment with or services to the Company and its Affiliates did not constitute a Qualifying Termination or a Severance Eligible Termination or (ii) one year after the Termination Date, if such termination constituted a Qualifying Termination or a Severance Eligible Termination; provided, however, that in no event may any portion of the Option be exercised following the expiration of the Term.

Retention of Vested Options. Portions of the Option which shall have vested on or prior to the Termination Date shall not be forfeited by the Recipient on such Date and shall be retained by Recipient (or Recipient’s estate, heirs or personal representatives, as the case may be) for (i) 90 days after the Termination Date, if Recipient’s termination of employment with or services to the Company and its Affiliates did not constitute a Qualifying Termination or a Severance Eligible Termination or (ii) one year after the Termination Date, if such termination constituted a Qualifying Termination or a Severance Eligible Termination; provided, however, that in no event may any portion of the Option be exercised following the expiration of the Term.

Retention of Vested Options. Portions of the Option which shall have vested on or prior to the Termination Date shall not be forfeited by the Recipient on such Date and shall be retained by Recipient (or Recipient’s estate, heirs or personal representatives, as the case may be) for (i) 90 days after the Termination Date, if Recipient’s termination of employment with or services to the Company and its Affiliates did not constitute a Qualifying Termination or a Severance Eligible Termination or (ii) one year two years after the Termination Date, if such termination constituted a Qualifying Termination or a Severance Eligible Termination; provided, however, that in no event may any portion of the Option be exercised following the expiration of the Term.

Retention of Vested Options. Portions of the Option which shall have vested on or prior to the Termination Date shall not be forfeited by the Recipient on such Date and shall be retained by Recipient (or Recipient’s 's estate, heirs or personal representatives, as the case may be) for (i) 90 days after the Termination Date, if Recipient’s 's termination of employment with or services to the Company and its Affiliates did not constitute a Qualifying Termination or a Severance Eligible Termination or (ii) one year two years after the Termination Date, if such termination constituted a Qualifying Termination or a Severance Eligible Termination; provided, however, that in no event may any portion of the Option be exercised following the expiration of the Term.