Termination of Employment for Other Reasons. If the Optionee’s employment is terminated by the Company without Cause, or the Optionee voluntarily terminates his employment (including upon Retirement), all outstanding unvested Options shall expire, and any Options vested as of his date of termination shall remain exercisable at any time prior to the end of the Exercise Term or for three (3) months after his date of termination of employment, whichever period is shorter.
Appears in 3 contracts
Samples: Stock Option Agreement (Vail Banks Inc), Option Agreement (Turbochef Technologies Inc), Option Agreement (Turbochef Technologies Inc)
Termination of Employment for Other Reasons. If the Optionee’s employment is terminated by the Company without Cause, or the Optionee voluntarily terminates his employment (including upon Retirement)employment, all outstanding unvested Options shall expire, and any Options vested as of his date of termination shall remain exercisable at any time prior to the end of the Exercise Term or for three (3) months after his date of termination of employment, whichever period is shorter.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Internet Security Systems Inc/Ga), Nonqualified Stock Option Agreement (Internet Security Systems Inc/Ga)
Termination of Employment for Other Reasons. If the Optionee’s 's employment is terminated by the Company without Cause, Cause or the Optionee voluntarily terminates his employment (including upon a termination due to Retirement, death or disability), all outstanding unvested Options shall expire, and any Options vested as of his date of termination shall remain exercisable at any time prior to the end of the Exercise Term their expiration date or for three two (32) months years after his date of termination of employment, whichever period is shorter.
Appears in 1 contract
Samples: Option Agreement (E Bidd Com Inc)
