Common use of Termination of Employee Clause in Contracts

Termination of Employee. Employee shall forfeit all unexercised Options if Employee's employment terminates because of Employee's resignation (unless such resignation is for "good reason" as described below) or because of Employee's termination for any of the grounds specified in Section 4.01 of the Employment Agreement.

Termination of Employee. Employee shall forfeit all unexercised Options if Employee's employment terminates prior to the date the Options become exercisable because of Employee's resignation (unless such resignation is for "good reason" as described below) or because of Employee's termination for any of the following grounds specified in Section 4.01 section 4.01(b), (c) or (d) of the Employee's Employment Agreement.