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 by the Company for any reason (including if the Optionee voluntarily terminates [employment by] [service for] 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 nonqualified stock option), but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Stock Option Agreement (Langer 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] [service for] for 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 effective date of any such termination (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 nonqualified stock option), but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Stock Option Agreement (Langer Inc)

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] [service for] 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 nonqualified stock optionNQSO), but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Stock Option Agreement (Clarus Corp)

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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] [service for] for 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 effective date of any such termination (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 nonqualified stock option), but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Stock Option Agreement (Pc Group, Inc.)

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