Common use of Termination Generally Clause in Contracts

Termination Generally. If Optionee ceases to be a Board Member or consultant of the Company for any reason except death or disability, then this Option, to the extent that it has vested as of the Termination Date, may be exercised by Optionee no later than seven (7) months after the Termination Date, but in no event later than the Expiration Date.

Appears in 11 contracts

Samples: Directors Stock Option Grant (Bioshield Technologies Inc), Directors Stock Option Grant (Bioshield Technologies Inc), Directors Nonqualified Stock Option Grant (Bioshield Technologies Inc)

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Termination Generally. If Optionee ceases to be a Board Member member or consultant of the Company for any reason except death or disabilitydisability within the meaning of Section 22(e)(3) of the Code, then this Option, to the extent (and only to the extent) that it has vested as of would have been exercisable by Optionee on the Termination Date, may be exercised by Optionee no later than within seven (7) months after the Termination Date, but in no event later than the Expiration Date.

Appears in 3 contracts

Samples: Directors Stock Option Grant (Intuit Inc), Directors Stock Option Grant (Intuit Inc), Directors Nonqualified Stock Option Grant (Intuit Inc)

Termination Generally. If Optionee ceases to be a Board Member or consultant of the Company for any reason except death or disability, within the meaning of Section 22(e)(3) of the Code, then this Option, to the extent (and only to the extent) that it has vested as of would have been exercisable by Optionee on the Termination Date, may be exercised by Optionee no later than within seven (7) months after the Termination Date, but in no event later than the Expiration Date.

Appears in 3 contracts

Samples: Directors Stock Option Grant (Intuit Inc), Directors Stock Option Grant (Intuit Inc), Directors Stock Option Grant (Intuit Inc)

Termination Generally. If Optionee ceases to be a Board Member or consultant of the Company for any reason except death or permanent and total disability, then this Option, to the extent (and only to the extent) that it has vested as of would have been exercisable by Optionee on the Termination Date, may be exercised by Optionee no later than seven within three (73) months after the Termination Date, or, if the Optionee dies within such three-month period, may be exercised by the Optionee's legal representative within twelve (12) months after the Optionee's death but in no event later than the Expiration Date.

Appears in 2 contracts

Samples: Directors Nonqualified Stock Option Grant (On Command Corp), Directors Nonqualified Stock Option Grant (On Command Corp)

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Termination Generally. If Optionee ceases to be a Board Member or consultant of the Company for any reason except death or disability, then this Option, to the extent (and only to the extent) that it has vested as of would have been exercisable by Optionee on the Termination Date, may be exercised by Optionee no later than within seven (7) months after the Termination Date, but in no event later than the Expiration Date.

Appears in 1 contract

Samples: Directors Stock Option Grant (HNC Software Inc/De)

Termination Generally. If Optionee ceases to be a Board Member or a consultant of the Company for any reason except death or disability, then this Option, to the extent that it has vested as of the is exercisable on Optionee’s Termination Date, may be exercised by Optionee no later than within seven (7) months after the Termination Date, but in no event later than the Expiration Date.

Appears in 1 contract

Samples: Directors Stock Option Grant (Versant Corp)

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