Common use of Shares and Options Clause in Contracts

Shares and Options. Should the Company elect not to renew this Agreement after the Term or any Renewal Term, or should Executive voluntarily terminate his employment, then Executive shall retain the vested portion of any Plan award and the unvested portion will expire immediately upon Executive’s termination of employment. In each such case, all vested Plan awards shall be non-forfeitable and shall retain their original expiration date.

Shares and Options. Should the Company elect not to renew this Agreement after the Term or any Renewal Term, Term or should Executive voluntarily terminate his employment, then Executive shall retain the vested portion of any Plan award the options granted hereunder and the unvested portion will expire immediately upon Executive’s termination of employmentimmediately. In each such and every case, all vested Plan awards options shall be non-forfeitable and shall retain their original expiration date.