TERMINATION OF ASSOCIATION WITH THE COMPANY. If the Optionee's employment with the Company is terminated, whether voluntarily or otherwise, the Option, to the extent the Option is exercisable on the date of termination, may be exercised by the Optionee, but only within 90 days after the Optionee ceases to be an employee of the Company, unless terminated earlier by its terms. For purposes of this Section 5, military or sick leave shall not be deemed a termination of employment, PROVIDED that it does not exceed the longer of 120 days or the period during which the absent Optionee's reemployment rights, if any, are guaranteed by statute or by contract. Death or disability (other than sick leave as specified in the preceding sentence) shall be deemed to be a termination of employment.
Appears in 15 contracts
Samples: Incentive Stock Option Agreement (Acme Packet Inc), Incentive Stock Option Agreement (Acme Packet Inc), Incentive Stock Option Agreement (Acme Packet Inc)
