Common use of Termination of Affiliation Clause in Contracts

Termination of Affiliation. (a) Subject to the following provisions of this Section 7 and Article VI of the Plan, this Option may not be exercised unless at the time of exercise the Optionee is an Employee of the Company or a Subsidiary.

Appears in 2 contracts

Samples: Stock Option Agreement (Cinemark Inc), Stock Option Agreement (Cinemark Holdings, Inc.)

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Termination of Affiliation. (a) Subject to the following provisions of this Section 7 and Article VI of the Plan, this Option may not be exercised unless at the time of exercise the Optionee is an Employee or a Director of the Company or a Subsidiary.

Appears in 2 contracts

Samples: Stock Option Agreement (Millers Mutual Fire Insurance Co), Stock Option Agreement (Inspire Insurance Solutions Inc)

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