Common use of Term of Option; Continuation of Service Clause in Contracts

Term of Option; Continuation of Service. This Option shall expire, and all rights hereunder to purchase the Shares shall terminate five years from the date hereof. This Option shall earlier terminate subject to Sections 7 and 8 hereof prior to the end of such five year period.

Appears in 2 contracts

Samples: Director Nonstatutory Stock Option Agreement (Originclear, Inc.), Director Nonstatutory Stock Option Agreement (Originclear, Inc.)

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Term of Option; Continuation of Service. This Option shall expire, and all rights hereunder to purchase the Shares shall terminate five four years from the date hereof. This Option shall earlier terminate subject to Sections 7 and 8 hereof upon, and as of the date of, the termination of Optionee's service as Director terminates prior to the end of such five four year period.

Appears in 2 contracts

Samples: Director Nonstatutory Stock Option Agreement (Originclear, Inc.), Director Nonstatutory Stock Option Agreement (Originclear, Inc.)

Term of Option; Continuation of Service. This Option shall expire, and all rights hereunder to purchase the Shares shall terminate five years from the date hereof. This Option shall earlier terminate subject to Sections 7 and 8 hereof prior to the end of such five year period.

Appears in 1 contract

Samples: Consultant Nonstatutory Stock Option Agreement (Originclear, Inc.)

Term of Option; Continuation of Service. This Option shall expire, and all rights hereunder to purchase the Shares shall terminate five years from the date hereof. This Option shall earlier terminate subject to Sections 7 and 8 hereof upon, and as of the date of, the termination of Optionee’s position if such termination occurs prior to the end of such five year period. Nothing contained herein shall confer upon Optionee the right to the continuation of his position by the Company or to interfere with the right of the Company to terminate such position.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Digital Locations, Inc.)

Term of Option; Continuation of Service. This Option shall expire, and all rights hereunder to purchase the Shares shall terminate terminate, five (5) years from the date hereof. This Option shall earlier terminate subject to Sections 7 and 8 hereof upon, and as of the date of, the termination of Optionee's employment if such termination occurs prior to the end of such five year period.(5)

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Bodisen Biotech, Inc)

Term of Option; Continuation of Service. This Option shall expire, and all rights hereunder to purchase the Shares shall terminate terminate, five (5) years from the date hereof. This Option shall earlier terminate subject hereof unless the Optionee is terminated for Cause pursuant to Sections 7 Section 4 of the Employment Agreement entered by and 8 hereof prior to between the end of such five year periodCompany and Optionee dated June 27, 2007.

Appears in 1 contract

Samples: Employee Nonstatutory Stock Option Agreement (Heartland, Inc.)

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Term of Option; Continuation of Service. This Option shall expire, and all rights hereunder to purchase the Shares shall terminate five terminate, ten (10) years from the date hereof. This Option shall earlier terminate subject hereof unless the Optionee is terminated for Cause pursuant to Sections 7 Section 4 of the Employment Agreement entered by and 8 hereof prior to between the end of such five year periodCompany and Optionee dated September 15, 2006.

Appears in 1 contract

Samples: Employee Nonstatutory Stock Option Agreement (Solar Thin Films, Inc.)

Term of Option; Continuation of Service. This Option shall expire, and all rights hereunder to purchase the Shares shall terminate terminate, five (5) years from the date hereof. This Option shall earlier terminate subject to Sections 7 and 8 hereof prior to the end of such five year period.

Appears in 1 contract

Samples: Consulting Agreement (Sunovia Energy Technologies Inc)

Term of Option; Continuation of Service. This Option shall expire, and all rights hereunder to purchase the Shares shall terminate five years from the date hereof. This Option shall earlier terminate subject to Sections 7 and 8 hereof upon, and as of the date of, the termination of Optionee's position if such termination occurs prior to the end of such five year period. Nothing contained herein shall confer upon Optionee the right to the continuation of his position by the Company or to interfere with the right of the Company to terminate such position.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Digital Locations, Inc.)

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