Common use of Termination in Other Circumstances Clause in Contracts

Termination in Other Circumstances. If the Executive's employment terminates in circumstances not described in clauses (i) through (iii), the Executive may, within 30 days following such termination, exercise the Option with respect to such number of Shares as to which the Option is exercisable (or would be exercisable if his employment had not terminated) on the date of exercise, as determined pursuant to Section 2. Notwithstanding the foregoing, the Option shall in no event be exercisable in whole or in part after the Expiration Date.

Appears in 6 contracts

Samples: Stock Option Agreement (Hanover Direct Inc), Stock Option Agreement (Hanover Direct Inc), Stock Option Agreement (Hanover Direct Inc)

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Termination in Other Circumstances. If the Executive's employment terminates in circumstances not described in clauses (i) through (iiiiv), the Executive may, within 30 days following such termination, exercise the Option with respect to such number of Shares as to which the Option is exercisable (or would be exercisable if his employment had not terminated) on the date of exercisetermination, as determined pursuant to Section 2. Notwithstanding the foregoing, the Option shall in no event be exercisable in whole or in part after the Expiration Date.

Appears in 2 contracts

Samples: Stock Option Agreement (Hanover Direct Inc), Stock Option Agreement (Hanover Direct Inc)

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Termination in Other Circumstances. If the Executive's employment terminates in circumstances not described in clauses (ia) through or (iiib), the Executive may, within 30 60 days following such termination, exercise the Option with respect to such number of Shares as to which the Option is exercisable (or would be exercisable if his employment had not terminated) on the date of exercise, as determined pursuant to Section 2. Notwithstanding the foregoing, the Option shall in no event be exercisable in whole or in part after the Expiration Date.

Appears in 1 contract

Samples: Stock Option Agreement (Ricex Co)

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