Termination of Employment, Disability, or Death. Unless otherwise ------------------------------------------------- determined by the Committee, in the event of the termination of a Participant's employment or other service due to Disability or death, all Incentive Stock Options held by such Participant shall immediately become exercisable and remain exercisable for a period one (1) year following the date of such termination.
Termination of Employment, Disability, or Death. (a) Except as provided below, this Option may only be exercised while the Optionee is employed by, or providing service to, the Company, as an employee, member of the Board or advisor or consultant. In the event that the Optionee ceases to be employed by, or provide service to, the Company for any reason other than Disability (as defined in Paragraph (e) below), death or termination for Cause (as defined in Paragraph (e) below), the portion of this Option which is otherwise exercisable shall terminate unless exercised within 90 days after the date on which the Optionee ceases to be employed by, or provide service to, the Company, but in any event no later than the Expiration Date. Except as otherwise provided by the Committee, the portion of this Option which is not otherwise exercisable as of the date on which the Optionee ceases to be employed by, or provide service to, the Company shall terminate as of such date.
Termination of Employment, Disability, or Death. (a) Except as provided below, the Option may only be exercised while the Grantee is Employed by the Employer. In the event that the Grantee ceases to be Employed by the Employer for any reason other than Disability, death, Termination of Employment for Cause, or as set forth in subparagraph (e) below, that portion of the Option which is otherwise exercisable by the Grantee shall terminate unless exercised within three (3) months after the date on which the Grantee ceases to be Employed by the Employer, but in any event no later than the date of expiration of the Option term. Except as otherwise provided, any portion of the Grantee’s Option that is not otherwise exercisable as of the date on which the Grantee ceases to be Employed by the Employer shall terminate as of such date.
Termination of Employment, Disability, or Death. (a) Except as provided below or in the Executive Employment Agreement, an Option may only be exercised while the Grantee is Employed by the Employer. In the event that the Grantee ceases to be Employed by the Employer for any reason other than Disability, death, termination for Cause, or as set forth in subparagraph (b), (c),(d), (e) or (f) below, any Option which is otherwise exercisable by the Grantee shall terminate unless exercised within 90 days (twenty-four months if the termination is upon or after expiration of his Executive Employment Agreement) after the date on which the Grantee ceases to be Employed by the Employer (or within such other longer period of time as may be specified by the Company), but in any event no later than the date of expiration of the Option term. Except as otherwise provided herein or in the Executive Employment Agreement, any of the Grantee’s Options that are not otherwise exercisable as of the date on which the Grantee ceases to be Employed by the Employer shall terminate as of such date.
Termination of Employment, Disability, or Death. In the event Optionee ceases to be an employee of the Company and its subsidiaries for any reason other than the termination of his employment for cause (as such cause may be determined by the Board or the Committee, in its sole discretion) while still living, the Option or unexercised portion thereof may, to the extent (but only to the extent) that it would have been exercisable by Optionee on the date on which Optionee ceased to be an employee, be exercised by Optionee within three (3) months after the date on which Optionee ceased to be an employee, but in no event after the date of expiration of the Option. In the event of the death or disability (as defined in the Plan) of Optionee while Optionee is an employee of the Company or any of its subsidiaries or within not more than three (3) months after the date on which Optionee ceased to be an employee of the Company or any of its subsidiaries, any unexercised portion of the Option, to the extent (but only to the extent) exercisable by Optionee on the date of death or disability, may be exercised by Optionee or, if Optionee is then deceased, by Optionee's personal representatives, heirs, or legatees at any time prior to the expiration of one (1) year from the date on which Optionee ceased to be an employee of the Company or any of its subsidiaries, but in no event after the termination of the Option. Notwithstanding the foregoing, in the event that Optionee's employment with the Company or any of its subsidiaries is terminated for cause, as determined by the Board or the Committee, in its sole discretion, the Option or the unexercised portion thereof may, to the extent (and only to the extent) the Option would have been exercisable by Optionee on the date on which his or her employment with the Company or any of its subsidiaries was terminated, be exercised by Optionee within thirty (30) days after the date on which his or her employment was terminated, but in any event not later than the earlier of (i) the date of expiration of the Option, and (ii) the date of expiration of such 30-day period, regardless of whether or not Optionee dies or becomes permanently disabled within such 30-day period. Notwithstanding anything in this Agreement to the contrary, the Option may not be exercised, and shall not be or become exercisable, after the date of the termination of Optionee's employment with the Company and its subsidiaries (regardless of the cause of such termination of employment) except with respect to th...
Termination of Employment, Disability, or Death. In the event the Optionee ceases to be an Employee prior to the expiration of this Option as set forth in Section 1, this Option may be exercised only to the extent that the Option is exercisable pursuant to Section 1 hereof on the date the Optionee ceases to be an Employee as follows:
Termination of Employment, Disability, or Death. In the event the Participant ceases to be an employee of the Company and its subsidiaries for any reason, any Restricted Stock granted to the Participant with respect to which the restrictions have not lapsed will be forfeited; provided, however, that if the Participant ceases to be an employee of the Company due to death, the shares of Restricted Stock due to vest on the next vesting date will immediately vest in full, and any other unvested shares of Restricted Stock granted to the Participant will be forfeited.
Termination of Employment, Disability, or Death. (1) If a Grantee who is an employee ceases to be an employee (in the case of an Incentive Stock Option) or ceases to be an Eligible Participant (in the case of a Nonqualified Stock Option) for any reason (other than, in the case of an individual, the death of such individual) any Stock Option which is otherwise exercisable by the Grantee shall terminate unless exercised within three months after the date on which the Grantee ceases to be an employee or an Eligible Participant, as the case may be (or within such other period of time, which may be longer or shorter than three months, as may be specified in the Grant Letter), but in any event no later than the date of expiration of the option exercise period, except that in the case of an individual Grantee who is disabled within the meaning of Section 22(e)(3) of the Code, such period shall be one year rather than three months (except as otherwise provided in the Grant Letter).
Termination of Employment, Disability, or Death. Unless otherwise ------------------------------------------------- determined by the Committee, in the event of the termination of a Participant's employment or other service due to Disability or death, all Incentive Stock Options held by such Participant shall immediately become exercisable and remain exercisable for a period two (2) years following the date of such termination, or, if sooner, until the expiration of the term of the Option. Any Option originally designated as an Incentive Stock Option shall be treated as a Non-Statutory Stock Option to the extent the Option does not otherwise qualify as an Incentive Stock Option pursuant to Section 422 of the Code.
Termination of Employment, Disability, or Death. 6.1 The Company may, at its election at any time during the Employment Term, terminate the employment of the Employee hereunder. The Employee shall be entitled to receive his Base Salary, plus the full potential bonus applicable to the period in which termination occurs, pro rated through the effective date of termination. In addition, any bonus or commissions due the Employee will be paid within 30 days of termination. Except in the event of termination pursuant to Section 12 hereof, such termination shall be effective upon the expiration of the period of notice set forth in Paragraph 7(a) of the Term Sheet and otherwise in accordance with the Company's established practices at the date of termination. The Employee shall continue in the good faith full-time performance of his duties and responsibilities hereunder throughout Page3 any notice period; provided that the Company, in its sole discretion, may discharge any obligation to provide notice hereunder by the payment of Base Salary for the minimum period otherwise required for such notice to become effective, and the Employee's engagement hereunder shall in such event terminate immediately.
