Termination by Reason of Cause. If the Optionee ceases to be a Director by reason of the Optionee’s termination of service for Cause (as defined in the Plan), no portion of this Stock Option may be exercised after the last day of service as a Director.
Appears in 4 contracts
Samples: Non Qualified Stock Option Agreement (Progress Software Corp /Ma), Non Qualified Stock Option Agreement (Progress Software Corp /Ma), Non Qualified Stock Option Agreement (Progress Software Corp /Ma)
Termination by Reason of Cause. If the Optionee ceases to be a Director by reason of the Optionee’s 's termination of service for Cause (as defined in the Plan), no portion of this Stock Option may be exercised after the last day of service as a Director.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Progress Software Corp /Ma), Non Qualified Stock Option Agreement (Progress Software Corp /Ma)
