Common use of Term of Options Clause in Contracts

Term of Options. Except as provided below, the term of the Options shall be ten years. (i) If the Employee's employment with the Company terminates pursuant to Section 6.1, is terminated by the Company or the Employee pursuant to Section 6.2, is terminated by the Company pursuant to Section 6.4, is terminated by the Employee pursuant to Section 6.6, or terminates for any other reason (except as provided in clause (ii) below) the Options may be exercised by the Employee (or his estate or legal representative) within one year after such termination; and (ii) In the event of termination of the employment of the Employee with the Company (a) by the Company pursuant to Section 6.3 or (b) by the Employee other than pursuant to Sections 6.1, 6.2 or 6.6, no Options shall be exercisable.

Term of Options. Except as provided below, the term of the Options shall be ten years. (i) If the Employee's employment with the Company terminates pursuant to Section 6.1, is terminated by the Company or the Employee pursuant to Section 6.2, is terminated by the Company pursuant to Section 6.4, is terminated by the Employee pursuant to Section 6.6, or terminates for any other reason (except as provided in clause (ii) below) the Options may be exercised by the Employee (or his her estate or legal representative) within one year after such termination; and (ii) In the event of termination of the employment of the Employee with the Company (a) by the Company pursuant to Section 6.3 or (b) by the Employee other 4 than pursuant to Sections 6.1, 6.2 or 6.6, no Options shall be exercisable.

Term of Options. Except as provided below, the term of the Options shall be ten years. (i) If the Employee's employment with the Company terminates pursuant to Section 6.1, is terminated by the Company or the Employee pursuant to Section 6.2, is terminated by the Company pursuant to Section 6.4, is terminated by the Employee pursuant to Section 6.6, or terminates for any other reason (except as provided in clause (ii) below) the Options may be exercised by the Employee (or his her estate or legal representative) within one year after such termination; and (ii) In the event of termination of the employment of the Employee with the Company (a) by the Company pursuant to Section 6.3 or (b) by the Employee other than pursuant to Sections 6.1, 6.2 or 6.6, no Options shall be exercisable.

Term of Options. Except as provided below, the term of the Options shall be ten years. (i) If the Employee's employment with the Company terminates pursuant to Section 6.1, is terminated by the Company or the Employee pursuant to Section 6.2, is terminated by the Company pursuant to Section 6.4, is terminated by the Employee pursuant to Section 6.66.5, or terminates for any other reason (except as provided in clause (ii) below) the Options may be exercised by the Employee (or his estate or legal representative) within one year after such termination; and (ii) In the event of termination of the employment of the Employee with the Company (a) by the Company pursuant to Section 6.3 or (b) by the Employee other than pursuant to Sections 6.1, 6.2 or 6.66.5, no Options shall be exercisable.

Term of Options. Except as provided below, the term of the Options shall be ten years. (i) If the Employee's employment with the Company terminates pursuant to Section 6.1, is terminated by the Company or the Employee pursuant to Section 6.2, is terminated by the Company pursuant to Section 6.4, is terminated by the Employee pursuant to Section 6.6, or terminates for any other reason (except as provided in clause (ii) below) the Options may be exercised by the Employee (or his estate or legal representative) within one year after such termination; and (ii) In the event of termination of the employment of the Employee with the Company (a) by the Company pursuant to Section 6.3 or (b) by the Employee other 4 than pursuant to Sections 6.1, 6.2 or 6.6, no Options shall be exercisable.