Common use of Term of the Option Clause in Contracts

Term of the Option. Unless earlier terminated in accordance with the provisions of the Plan, the Option will terminate on the earliest to occur of (a) the expiration of Twenty (20) years from the Grant Date; (b) the expiration of ninety (90) days following termination of the Holder's employment with the Company for any reason other than death, Disability or cause (as defined in Section 7.2(b) of the Plan); (c) the expiration of One (1) year following termination of the Holder's employment with the Company on account of death or Disability; and (d) the date of termination of the Holder's employment with the Company for cause (as defined in Section 7.2(b) of the Plan).

Appears in 3 contracts

Samples: Stock Option Agreement (Realnetworks Inc), Stock Option Agreement (Realnetworks Inc), Stock Option Agreement (Realnetworks Inc)

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Term of the Option. Unless earlier terminated in accordance with the provisions of the Plan, the Option will terminate on the earliest to occur of (a) the expiration of Twenty Ten (2010) years from the Grant Date; (b) the expiration of ninety (90) days following termination of the Holder's employment with the Company for any reason other than death, Disability disability or cause (as defined in Section 7.2(b) of the Plan)cause; (c) the expiration of One one (1) year following termination of the Holder's employment with the Company on account of death or Disabilitydisability; and (d) the date of termination of the Holder's employment with the Company for cause (as defined in Section 7.2(b) of the Plan)cause.

Appears in 2 contracts

Samples: Stock Option Agreement (Volu Sol Inc), Stock Option Agreement (Volu Sol Inc)

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Term of the Option. Unless earlier terminated in accordance with the provisions of the Plan, the Option will terminate on the earliest to occur of (a) the expiration of Twenty twenty (20) years from the Grant Date; (b) the expiration of ninety (90) days following termination of the Holder's employment with the Company for any reason other than death, Disability or cause (as defined in Section 7.2(b) of the Plan); (c) the expiration of One one (1) year following termination of the Holder's employment with the Company on account of death or Disability; and (d) the date of termination of the Holder's employment with the Company for cause (as defined in Section 7.2(b) of the Plan).

Appears in 1 contract

Samples: Stock Option Agreement (Realnetworks Inc)

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