Common use of Termination of Business Relationship Clause in Contracts

Termination of Business Relationship. If the Optionee's Business Relationship with the Company and all Related Corporations is terminated, other than by reason of death, disability or dissolution as defined in Section 5, no further installments of this option shall become exercisable, and this option shall terminate (and may no longer be exercised) after the passage of 90 days from the date the Business Relationship ceases, but in no event later than the scheduled expiration date. In such a case, the Optionee's only rights hereunder shall be those which are properly exercised before the termination of this option.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Eroom Technology Inc), Non Qualified Stock Option Agreement (Eroom Technology Inc), Non Qualified Stock Option Agreement (Eroom Technology Inc)

AutoNDA by SimpleDocs

Termination of Business Relationship. If the Optionee's Optionee ceases to maintain a Business Relationship with the Company and all Related Corporations is terminatedCorporation, other than by reason of death, death or disability or dissolution as defined in Section 5, no further installments of this option shall become exercisable, exercisable and this option shall terminate (and may no longer be exercised) after the passage of 90 sixty (60) days from the date the Business Relationship ceases, but in no event later than the scheduled expiration date. In such a case, the Optionee's only rights hereunder shall be those which are properly exercised before the termination of this option.

Appears in 2 contracts

Samples: Consulting Agreement (Acusphere Inc), Incentive Stock Option Agreement (Acusphere Inc)

Termination of Business Relationship. If the Optionee's Optionee ceases to maintain a Business Relationship with the Company and all Related Corporations is terminatedCompany, other than by reason of death, disability or dissolution death as defined in Section Article 5, no further installments of this option Option shall become exercisable, exercisable and this option Option shall terminate (and may no longer be exercised) after the passage of 90 ninety (90) days from the date the Business Relationship ceases, but in no event later than the scheduled expiration date. In such a case, the Optionee's only rights hereunder shall be those which are properly exercised before the termination of this optionOption.

Appears in 2 contracts

Samples: Stock Option Agreement (Tanknology Nde International Inc), Non Qualified Stock Option Agreement (Tanknology Nde International Inc)

Termination of Business Relationship. If the Optionee's Optionee ceases to maintain a Business Relationship with the Company and all Related Corporations is terminatedGroup, other than by reason of death, death or disability or dissolution (as defined in Section 511(d) of the Plan), no further installments of this option shall become exercisable, exercisable and this option shall terminate (and may no longer be exercised) after the passage of 90 ninety (90) days from the date the Business Relationship ceases, but in no event later than the scheduled expiration date. In such a case, the Optionee's only rights hereunder shall be those which are properly exercised before the termination of this option.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (SBT Bancorp, Inc.), Incentive Stock Option Agreement (SBT Bancorp, Inc.)

Termination of Business Relationship. If the Optionee's Optionee ceases to maintain a Business Relationship with the Company and all Related Corporations is terminatedCompany, other than by reason of death, death or disability or dissolution as defined in Section 54, or for Cause as defined in Section 16 no further installments of this option shall become exercisable, exercisable and this option shall terminate (and may no longer be exercised) after the passage of 90 sixty (60) days from the date the Business Relationship ceases, but in no event later than the scheduled expiration date. In such a case, the Optionee's only rights hereunder shall be those which are properly exercised before the termination of this option.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Peregrine Systems Inc), Non Qualified Stock Option Agreement (Peregrine Systems Inc)

Termination of Business Relationship. If the Optionee's Optionee ceases to maintain a Business Relationship with the Company and all Related Corporations is terminatedCorporation, other than by reason of death, disability or dissolution as defined in Section 5, or termination for Cause as set forth in Section 6, no further installments of this option shall become exercisable, exercisable (except to the extent otherwise provided by Section 8(c)(2) of the Plan) and this option shall terminate (and may no longer be exercised) after the passage of 90 ninety (90) days from the date the Business Relationship ceases, but in no event later than the scheduled expiration date. In such a case, the Optionee's ’s only rights hereunder shall be those which are properly exercised before the termination of this option.

Appears in 1 contract

Samples: Incentive and/or Non Qualified Stock Option Agreement (Eclipsys Corp)

Termination of Business Relationship. If the Optionee's Business Relationship with the Company and all Related Corporations is terminatedOptionee ceases to be employed ------------------------------------ by divine, other than by reason of death, death or disability or dissolution as defined in Section Article 5, no further installments of this option shall become exercisable, exercisable and this option shall terminate (and may no longer be exercised) after the passage of 90 ninety (90) days from the then date the Business Relationship employment ceases, but in no event later than the scheduled expiration date. In such a case, the Optionee's only rights hereunder shall be those which that are properly exercised before the termination of this option.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Divine Inc)

Termination of Business Relationship. If the Optionee's Optionee ceases to maintain a Business Relationship with the Company and all Related Corporations is terminatedCompany, other than by reason of death, death or disability or dissolution as defined in Section Article 5, no further installments of this option shall become exercisable, exercisable and this option shall terminate (and may no longer be exercised) after the passage of 90 sixty (60) days from the date the Business Relationship ceases, but in no event later than the scheduled expiration date. In such a case, the Optionee's only rights hereunder shall be those which are properly exercised before the termination of this option. This Article 4 does not affect the rights of an Optionee who did not have a Business Relationship with the Company at the date hereof.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Cisco Systems Inc)

Termination of Business Relationship. If the Non-Employee Director Optionee's ’s Business Relationship with the Company and all Related Corporations is terminated, other than by reason of death, death or disability or dissolution as defined in Section 5, no further installments of this option shall become exercisable, and this option shall terminate (and may no longer be exercised) after the passage of 90 sixty (60) days from the date the Business Relationship ceases, but in no event later than the scheduled expiration date. In such a case, the Non-Employee Director Optionee's ’s only rights hereunder shall be those which are properly exercised before the termination of this option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Lionbridge Technologies Inc /De/)

Termination of Business Relationship. If the Optionee's Business Relationship with the Company and all Related Corporations is terminated, other than by reason of death, disability or dissolution as defined in Section 5, no further installments of this option shall become exercisable, and this option shall terminate (and may no longer be exercised) after the passage of 90 days from the date the Business Relationship ceases, but in no event later than the scheduled expiration date. In such a case, the Optionee's only rights hereunder shall be those which are properly exercised before the termination of this option.'s

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Eroom Technology Inc)

Termination of Business Relationship. If the Optionee's Optionee ceases to ------------------------------------ maintain a Business Relationship with the Company and all Related Corporations is terminatedCompany, other than by reason of death, death or disability or dissolution as defined in Section Article 5, no further installments of this option shall become exercisable, exercisable and this option shall terminate (and may no longer be exercised) after the passage of 90 sixty (60) days from the date the Business Relationship ceases, but in no event later than the scheduled expiration date. In such a case, the Optionee's only rights hereunder shall be those which are properly exercised before the termination of this option.

Appears in 1 contract

Samples: Employee Non Qualified Stock Option Agreement (Legato Systems Inc)

Termination of Business Relationship. If the Optionee's Optionee ceases to maintain a Business Relationship with the Company and all Related Corporations is terminatedCompany, other than by reason of death, death or disability or dissolution (as those terms are defined in Section 55 below), no further installments of this option shall become exercisable, exercisable and this option shall terminate (and may no longer be exercised) after upon the passage of 90 ninety (90) days from the date the Business Relationship ceases, but in no event later than that the scheduled expiration datedate of this option. In such a case, the Optionee's only rights hereunder shall be those which that are properly exercised before the termination of this option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Biomune Systems Inc)

AutoNDA by SimpleDocs

Termination of Business Relationship. If the Optionee's Optionee ceases to maintain a Business Relationship with the Company and all Related Corporations is terminatedCompany, other than by reason of death, death or disability or dissolution as defined in Section 5, no further installments of this option shall become exercisable, exercisable following the date of such cessation of the Business Relationship and this option shall terminate (and may no longer be exercised) after the passage of 90 ninety (90) days from the date the Business Relationship ceases, but in no event later than the scheduled expiration dateScheduled Expiration Date. In such a case, the Optionee's ’s only rights hereunder shall be those which are properly exercised before the termination of this option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Yodle Inc)

Termination of Business Relationship. If the Optionee's Optionee ceases to maintain a Business Relationship with the Company and all Related Corporations is terminated(or any affiliated corporation), other than by reason of death, death or disability or dissolution as defined in Section 5, no further installments of this option Option shall become exercisable, exercisable and this option Option shall terminate (and may no longer be exercised) after the passage of 90 ninety (90) days from the date the Business Relationship ceases, but in no event later than the scheduled expiration date. In such a case, the Optionee's ’s only rights hereunder shall be those which are properly exercised before the termination of this optionOption.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Astea International Inc)

Termination of Business Relationship. If the Optionee's Optionee ceases to maintain a Business Relationship with the Company and all Related Corporations is terminatedCompany, other than by reason of death, death or disability or dissolution (as those terms are defined in Section 55 below), no further installments of this option shall become exercisable, exercisable and this option shall terminate (and may no longer be exercised) after upon the passage of 90 ninety (90) days from the date the Business Relationship ceases, but in no event later than the scheduled expiration datedate of this option. In such a case, the Optionee's only rights hereunder shall be those which that are properly exercised before the termination of this option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Biomune Systems Inc)

Termination of Business Relationship. If the Optionee's Optionee ceases to maintain a Business Relationship with the Company and all Related Corporations is terminatedCompany, other than by reason of death, death or disability or dissolution as defined in Section 54, no further installments of this option Option shall become exercisable, exercisable and this option Option shall terminate (and may no longer be exercised) after the passage of 90 thirty (30) days from the date the Business Relationship ceases, but in no event later than the scheduled expiration date. In such a case, the Optionee's only rights hereunder shall be those which are properly exercised before the termination of this optionOption.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Dynagen Inc)

Termination of Business Relationship. If the Optionee's Optionee ceases to maintain a Business Relationship with the Company and all or Related Corporations is terminatedCorporation, other than by reason of death, death or disability or dissolution as defined in Section 5Article 5 hereof, no further installments of this option shall become exercisable, exercisable and this option shall terminate (and may no longer be exercised) after the passage of 90 ninety (90) days from the date the Business Relationship ceases, but in no event later than the scheduled expiration date. In such a case, the Optionee's only rights hereunder shall be those which are properly exercised before the termination of this option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Endogen Inc)

Termination of Business Relationship. If the Optionee's Optionee ceases to maintain a Business Relationship with the Company and all Related Corporations is terminatedCompany, other than by reason of death, death or disability or dissolution as defined in Section 5, no further installments of this option shall become exercisable, and this option shall terminate (and may no longer be exercised) after the passage of 90 ninety (90) days from the date the Business Relationship ceases, but in no event later than the scheduled expiration date. In such a case, the Optionee's only rights hereunder shall be those which are properly exercised before the termination of this option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Datawatch Corp)

Termination of Business Relationship. If the Optionee's Optionee ceases to maintain a Business Relationship with the Company and all Related Corporations is terminatedCompany, other than by reason of death, death or disability or dissolution as defined in Section Article 5, no further installments of this option shall become exercisable, exercisable and this option shall terminate (and may no longer be exercised) after the passage of 90 ninety (90) days from the date the of Business Relationship ceases, but in no event later than the scheduled expiration date. In such a case, the Optionee's only rights hereunder shall be those which are properly exercised before the termination of this option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Sybase Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!