Termination of Employment by Company without Cause or by Optionee with Good Reason. If the Optionee’s employment with the Company and all Related Corporations is terminated by the Company for any reason other than Cause (or is terminated by the Optionee for Good Reason) prior to the Expiration Date, this Option may be exercised, to the extent of the number of Common Shares with respect to which the Optionee could have exercised it on the date of such termination of employment by the Optionee at any time prior to the earlier of (i) the Expiration Date, or (ii) one year after such termination of employment. Any part of the Option that was not exercisable immediately before the Optionee’s termination of employment shall terminate at that time.
Appears in 4 contracts
Samples: Incentive Stock Option Agreement (China Yongxin Pharmaceuticals Inc.), Incentive Stock Option Agreement (Transdel Pharmaceuticals Inc), Incentive Stock Option Agreement (China Clean Energy Inc)
Termination of Employment by Company without Cause or by Optionee with Good Reason. If the Optionee’s employment with the Company and all Related Corporations is terminated by the Company for any reason other than Cause (or is terminated by the Optionee for Good Reason) prior to the Expiration Date, this Option may be exercised, to the extent of the number of Common Shares with respect to which the Optionee could have exercised it on the date of such termination of employment by the Optionee at any time prior to the earlier of (i) the Expiration Date, or (ii) one year after such termination of employment. Any part of the Option that was not exercisable immediately before the Optionee’s termination of employment shall terminate at that time.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Imprimis Pharmaceuticals, Inc.)
