Termination of Employment for Cause. Upon the termination of Participant’s employment by Company for Cause, unless the Options have earlier terminated, the Options (whether vested or not) shall immediately terminate in their entirety and shall thereafter not be exercisable to any extent whatsoever; provided that Company, in its discretion, may, by written notice to Participant given as of the date of termination, authorize Participant to exercise any vested portion of the Options for a period of up to thirty (30) days following Participant’s termination of employment for Cause, provided that in no event may Participant exercise the Options beyond the Option Expiration Date.
Appears in 8 contracts
Samples: Employee Stock Option Award Agreement (AutoWeb, Inc.), Employee Stock Option Award Agreement (AutoWeb, Inc.), Employee Stock Option Award Agreement (AutoWeb, Inc.)
Termination of Employment for Cause. Upon the termination of Participant’s employment by the Company for Cause, unless the Options have been earlier terminated, the Options (whether vested or not) shall immediately terminate in their entirety and shall thereafter not be exercisable to any extent whatsoever; provided that the Company, in its discretion, may, by written notice to Participant given as of the date of termination, authorize Participant to exercise any vested portion of the Options for a period of up to thirty (30) days following Participant’s termination of employment for Cause, provided that in no event may Participant exercise the Options beyond the Option Expiration Date.
Appears in 4 contracts
Samples: Inducement Stock Option Award Agreement (AutoWeb, Inc.), Inducement Stock Option Award Agreement (AutoWeb, Inc.), Inducement Stock Option Award Agreement (AutoWeb, Inc.)
Termination of Employment for Cause. Upon the termination of ParticipantOptionee’s employment by Company for Cause, unless the Options have earlier terminated, the Options (whether vested or not) shall immediately terminate in their entirety and shall thereafter not be exercisable to any extent whatsoever; provided that Company, in its discretion, may, by written notice to Participant Optionee given as of the date of termination, authorize Participant Optionee to exercise any vested portion of the Options for a period of up to thirty (30) days following ParticipantOptionee’s termination of employment for Cause, provided that in no event may Participant Optionee exercise the Options beyond the Option Expiration Date.
Appears in 2 contracts
Samples: Inducement Stock Option Award Agreement (AutoWeb, Inc.), Inducement Stock Option Award Agreement (Autobytel Inc)
Termination of Employment for Cause. Upon the termination of ParticipantOptionee’s employment by the Company for Cause, unless the Options have been earlier terminated, the Options (whether vested or not) shall immediately terminate in their entirety and shall thereafter not be exercisable to any extent whatsoever; provided that the Company, in its discretion, may, by written notice to Participant Optionee given as of the date of termination, authorize Participant Optionee to exercise any vested portion of the Options for a period of up to thirty (30) days following ParticipantOptionee’s termination of employment for Cause, provided that in no event may Participant Optionee exercise the Options beyond the Option Expiration Date.
Appears in 1 contract
Samples: Inducement Stock Option Award Agreement (AutoWeb, Inc.)
Termination of Employment for Cause. Upon the termination of Participant’s employment by Company for Cause, unless the Options have earlier terminated, the Options (whether vested or not) shall immediately terminate in their entirety and shall thereafter not be exercisable to any extent whatsoever; provided that Company, in its discretion, may, by written notice to Participant given as of the date of termination, authorize Participant to exercise any vested portion of the Options for a period of up to thirty (30) days following Participant’s termination of employment for Cause, provided that in no event may Participant exercise the Options beyond after the Option Expiration Date.
Appears in 1 contract
Samples: Employee Stock Option Award Agreement (Autobytel Inc)
Termination of Employment for Cause. Upon the termination of Participant’s 's employment by the Company for Cause, unless the Options have been earlier terminated, cancelled, expired or forfeited, the Options (whether vested or not) shall immediately terminate and be cancelled in their entirety and shall thereafter not be exercisable to any extent whatsoever; provided that the Company, in its discretion, may, by written notice to Participant given as of the date of termination, authorize Participant to exercise any vested portion of the Options for a period of up to thirty (30) days following Participant’s 's termination of employment for Cause, provided that in no event may Participant exercise the Options beyond after the Option Expiration Date.
Appears in 1 contract
Samples: Employee Stock Option Award Agreement (Autobytel Inc)
Termination of Employment for Cause. Upon the termination of ParticipantOptionee’s employment by Company for Cause, unless the Options have been earlier terminated, the Options (whether vested or not) shall immediately terminate in their entirety and shall thereafter not be exercisable to any extent whatsoever; provided that Company, in its discretion, may, by written notice to Participant Optionee given as of the date of termination, authorize Participant Optionee to exercise any vested portion of the Options for a period of up to thirty (30) days following ParticipantOptionee’s termination of employment for Cause, provided that in no event may Participant Optionee exercise the Options beyond the Option Expiration Date.
Appears in 1 contract
Samples: Inducement Stock Option Award Agreement (AutoWeb, Inc.)