Common use of SEVERANCE OF EMPLOYMENT Clause in Contracts

SEVERANCE OF EMPLOYMENT. Unless expressly provided otherwise in this Agreement, Options shall (a) terminate six months after severance of employment with GXT, the Company and all Affiliates for any reason other than for reasons of death, Retirement, or Disability and (b) be exercisable only to the extent such Options are exercisable at the time of the Optionee’s severance of employment; provided, however, that in no event will the Option be exercisable after the Expiration Date. Whether authorized leave of absence or absence on military or government service shall constitute severance of the employment of the Optionee shall be determined by the Committee at that time.

SEVERANCE OF EMPLOYMENT. Unless expressly provided otherwise in this Agreement, Options shall (a) terminate six months after severance of employment with GXTConcept, the Company and all Affiliates for any reason other than for reasons of death, Retirement, or Disability and (b) be exercisable only to the extent such Options are exercisable at the time of the Optionee’s 's severance of employment; provided, however, that in no event will the Option be exercisable after the Expiration Date. Whether authorized leave of absence or absence on military or government service shall constitute severance of the employment of the Optionee shall be determined by the Committee at that time.

SEVERANCE OF EMPLOYMENT. Unless expressly provided otherwise in this Agreement, Options shall (a) terminate six months after severance of employment with GXTARAM, the Company and all Affiliates of the Company for any reason other than for reasons of death, Retirement, or Disability and (b) be exercisable only to the extent such Options are exercisable at the time of the Optionee’s severance of employment; provided, however, that in no event will the Option be exercisable after the Expiration Date. Whether authorized leave of absence or absence on military or government service shall constitute severance of the employment of the Optionee shall be determined by the Committee at that time.

SEVERANCE OF EMPLOYMENT. Unless expressly provided otherwise in this Agreement, Options shall (a) terminate six months after severance of employment with GXT, the Company and all Affiliates for any reason other than for reasons of death, Retirement, or Disability and (b) be exercisable only to the extent such Options are exercisable at the time of the OptioneeEmployee’s severance of employment; provided, however, that in no event will the Option be exercisable after the Expiration Date. Whether authorized leave of absence or absence on military or government service shall constitute severance of the employment of the Optionee Employee shall be determined by the Committee at that time.