Common use of Termination Exercise Period Clause in Contracts

Termination Exercise Period. This provision modifies Section 1 of Exhibit A to the Agreement: Notwithstanding the post-termination exercise periods set forth in Section 1 of Exhibit A to the Agreement, to comply with local exchange control requirements, Optionee will be required to exercise the Option within the lesser of (1) the period set forth in Section 1 of Exhibit A to the Agreement; and (2) three (3) months after termination of employment or service, regardless of the reason for termination. The Company reserves the right to allow for a longer exercise period depending on the development of local law.

Appears in 2 contracts

Samples: Stock Incentive Plan Non Statutory Stock Option Agreement (Nike Inc), Non Statutory Stock Option Agreement (Nike Inc)

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Termination Exercise Period. This provision modifies Section 1 2 of Exhibit A to the Agreement: Notwithstanding the post-termination exercise periods set forth in Section 1 of Exhibit A to the Agreement, to comply with local exchange control requirements, Optionee Participant will be required to exercise the Option within the lesser of (1) the period set forth in Section 1 of Exhibit A to the Agreement; , and (2) three (3) months after termination of employment or service, regardless of the reason for termination. The Company reserves the right to allow for a longer exercise period depending on the development of local law.

Appears in 2 contracts

Samples: Option Agreement, Option Agreement (Nike Inc)

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Termination Exercise Period. This provision modifies Section 1 of Exhibit A to the Agreement: Notwithstanding the post-termination exercise periods set forth in Section 1 of Exhibit A to the Agreement, to comply with local exchange control requirements, Optionee will be required to exercise the Option within the lesser of (1) the period set forth in Section 1 of Exhibit A to the Agreement; , and (2) three (3) months after termination of employment or service, regardless of the reason for termination. The Company reserves the right to allow for a longer exercise period depending on the development of local law.

Appears in 1 contract

Samples: Stock Incentive Plan (Nike Inc)

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