Term of Option; Continuation of Service. This Option shall expire, and all rights hereunder to purchase the Shares shall terminate 10 years from the date hereof. Nothing contained herein shall be construed to interfere in any way with the right of the Company or its shareholders to remove or not elect Optionee as a Director of the Company, or to increase or decrease the compensation of Directors from the rate in effect at the date hereof.
Appears in 11 contracts
Samples: Nonstatutory Stock Option Agreement (Hepalife Technologies Inc), Nonstatutory Stock Option Agreement (Hepalife Technologies Inc), Nonstatutory Stock Option Agreement (International Energy, Inc.)
Term of Option; Continuation of Service. This Subject to the early termination provisions set forth in Sections 7 and 8 hereof, this Option shall expire, and all rights hereunder to purchase the Shares shall terminate 10 years from the date hereof. Nothing contained herein shall be construed to interfere in any way with the right of the Company or its shareholders to remove or not elect Optionee as a Director an officer of the Company, or to increase or decrease the compensation of Directors from the rate in effect at the date hereof.
Appears in 8 contracts
Samples: Nonstatutory Stock Option Agreement (Phytomedical Technologies Inc), Nonstatutory Stock Option Agreement (Phytomedical Technologies Inc), Nonstatutory Stock Option Agreement (Phytomedical Technologies Inc)
Term of Option; Continuation of Service. This Option shall expire, and all rights hereunder to purchase the Shares shall terminate 10 terminate, 5 years from the date hereof. Nothing contained herein shall be construed to interfere in any way with the right of the Company or its shareholders to remove or not elect Optionee as a Director of the Company, or to increase or decrease the compensation of Directors from the rate in effect at the date hereof.
Appears in 7 contracts
Samples: Non Statutory Stock Option Agreement (World Wide Wireless Communications Inc), Nonstatutory Stock Option Agreement (World Wide Wireless Communications Inc), Nonstatutory Stock Option Agreement (World Wide Wireless Communications Inc)
Term of Option; Continuation of Service. This Subject to the early termination provisions set forth herein, this Option shall expire, and all rights hereunder to purchase the Shares shall terminate 10 five (5) years from the date hereof. Nothing contained herein shall be construed to interfere in any way with the right of the Company or its shareholders to remove or not elect Optionee as a Director an officer of the Company, or to increase or decrease the compensation of Directors from the rate in effect at the date hereof.
Appears in 4 contracts
Samples: Nonstatutory Stock Option Agreement (New Energy Technologies, Inc.), Nonstatutory Stock Option Agreement (New Energy Technologies, Inc.), Nonstatutory Stock Option Agreement (New Energy Technologies, Inc.)
Term of Option; Continuation of Service. This Option shall expire, and all rights hereunder to purchase the Shares shall terminate 10 years from the date hereof. Nothing contained herein shall be construed to interfere in any way with the right of the Company or its shareholders to remove or not elect Optionee as a Director an Officer of the Company, or to increase or decrease the compensation of Directors from the rate in effect at the date hereof.
Appears in 2 contracts
Samples: Nonstatutory Stock Option Agreement (Entheos Technologies Inc), Nonstatutory Stock Option Agreement (International Energy, Inc.)
Term of Option; Continuation of Service. This Option shall expire, and all rights hereunder to purchase the Shares shall terminate 10 years from the date hereof. Nothing contained herein shall be construed to interfere in any way with the right of the Company or its shareholders to remove or not elect Optionee as a Director of consultant to the Company, or to increase or decrease the compensation of Directors from the rate in effect at the date hereof.
Appears in 1 contract
Samples: Nonstatutory Stock Option Agreement (Octillion Corp)
Term of Option; Continuation of Service. This Subject to the early termination provisions set forth herein, this Option shall expire, and all rights hereunder to purchase the Shares shall terminate 10 years from the date hereof. Nothing contained herein shall be construed to interfere in any way with the right of the Company or its shareholders to remove or not elect Optionee as a Director an officer of the Company, or to increase or decrease the compensation of Directors from the rate in effect at the date hereof.
Appears in 1 contract
Samples: Form of Nonstatutory Stock Option Agreement (New Energy Technologies, Inc.)
Term of Option; Continuation of Service. This Option shall expire, and all rights hereunder to purchase the Shares shall terminate 10 terminate, ten (10) years from the date hereof. Nothing contained herein shall be construed hereof unless the Optionee is terminated for Cause pursuant to interfere in any way with the right Section 4 of the Employment Agreement entered by and between the Company or its shareholders to remove or not elect and Optionee as a Director of the Companydated September 15, or to increase or decrease the compensation of Directors from the rate in effect at the date hereof2006.
Appears in 1 contract
Samples: Employee Nonstatutory Stock Option Agreement (Solar Thin Films, Inc.)