Common use of Termination for Any Reason Except Death, Disability or Cause Clause in Contracts

Termination for Any Reason Except Death, Disability or Cause. If Optionee is Terminated for any reason (including if the Optionee voluntarily terminates employment by the Company) except Optionee's death, Disability or Cause, then this Option, to the extent (and only to the extent) that it is vested in accordance with the schedule set forth in Section 4.1 hereof on the Termination Date, may be exercised by Optionee no later than three (3) months after the Termination Date, (or such longer time period not exceeding five (5) years as may be determined by the Committee, with any exercise beyond three (3) months after the Termination Date deemed to be a NQSO), but in any event no later than the Expiration Date.

Appears in 2 contracts

Samples: Stock Option Agreement (Stamford Industrial Group, Inc.), Incentive Plan Stock Option Agreement (Armor Holdings Inc)

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Termination for Any Reason Except Death, Disability or Cause. If Optionee is Terminated for any reason (including if the Optionee voluntarily terminates employment by the Company) except other than Optionee's death, Disability or Cause, then this Option, to the extent (and only to the extent) that it is vested in accordance with the schedule set forth in Section 4.1 hereof on the Termination Date, may be exercised by Optionee no later than three (3) months after the Termination Date, (or such longer time period not exceeding five (5) years as may be determined by the Committee, with any exercise beyond three (3) months after the Termination Date deemed to be a NQSO), but in any event no later than the Expiration Date.

Appears in 2 contracts

Samples: 2001 Stock Incentive Plan Stock Option Agreement (Langer Inc), 2001 Stock Incentive Plan Stock Option Agreement (Langer Inc)

Termination for Any Reason Except Death, Disability or Cause. If Optionee is Terminated for any reason (including if the Optionee voluntarily terminates employment by the Company) except Optionee's death, Disability or Cause, then this Option, to the extent (and only to the extent) that it is vested in accordance with the schedule set forth in Section 4.1 5 hereof on the Termination Date, may be exercised by Optionee no later than three (3) months after the Termination Date, (or such longer time period not exceeding five (5) years as may be determined by the Committee, with any exercise beyond three (3) months after the Termination Date deemed to be a NQSO), but in any event no later than the Expiration Date.

Appears in 2 contracts

Samples: Stock Option Agreement (Stamford Industrial Group, Inc.), Stock Option Agreement (Stamford Industrial Group, Inc.)

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Termination for Any Reason Except Death, Disability or Cause. If Optionee is Terminated by the Company for any reason (including if the Optionee voluntarily terminates employment by with the Company) except upon Optionee's ’s death, Disability or Termination for Cause, then this Option, to the extent (and only to the extent) that it is vested in accordance with the schedule set forth in Section 4.1 hereof on the Termination Date, may be exercised by Optionee no later than three (3) months after the Termination Date, Date (or such longer time period not exceeding five (5) years as may be determined by the Committee, with any exercise beyond three (3) months after the Termination Date deemed to be a NQSO), but in any event no later than the Expiration Date.

Appears in 2 contracts

Samples: Stock Option Agreement (Cadre Holdings, Inc.), Stock Option Agreement (Black Diamond, Inc.)

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