Termination of Employment or Death. (a) In the event of a termination of Optionee's employment or consulting services for any reason (other than a termination of an Optionee employee by his or her death or disability), (i) except as provided in clause (ii) of this sentence this Option shall terminate as of the day of notice of such termination by either party, but in no event later than the Expiration Date, and (ii) any unexercised portion of this Option which is otherwise exercisable on the date of termination may be exercised by Optionee at any time within three (3) months following the date of such termination, unless Optionee dies during such three (3) month period, but in no event later than the Expiration Date. If Optionee is an employee, whether military, government or other service by Optionee or other leave of absence granted to Optionee shall constitute such a termination shall be determined in each case by the Board
Termination of Employment or Death. If the Participant’s employment with the Company (as applicable) is terminated for any reason (including death) prior to the Release Date, all Restricted Stock that has not been released shall be forfeited to the Company on the date on which such termination of status occurs.
Termination of Employment or Death. (a) In the event of a termination of Optionee's employment or consulting services for any reason (other than a termination of an Optionee employee by his or her death or disability), (i) except as provided in clause (ii) of this sentence this Option shall terminate as of the day of notice of such termination by either party, but in no event later than the Expiration Date, and (ii) any unexercised portion of this Option which is otherwise exercisable on the date of termination may be exercised by Optionee at any time within three (3) months following the date of such termination, unless Optionee dies during such three (3) month period, but in no event later than the Expiration Date. If Optionee is an employee, whether military, government or other service by Optionee or other leave of absence granted to Optionee shall constitute such a termination shall be determined in each case by the Board at its discretion, and any determination by the Board shall be final and conclusive. If the Board determines that such absence does not constitute such a [OFFICERS/EMPLOYEES/CONSULTANTS] termination, however, Optionee may exercise his or her option only with the consent of the Board.
(b) If Optionee is an employee, upon termination of Optionee's employment with the Company (including its subsidiaries) as result of a permanent disability (as defined by Section 22(e)(3) of the Code), (i) except as provided in clause (ii) of this sentence, this Option shall terminate and be unexercisable on the date of such termination, but in no event later than the Expiration Date, and (ii) any unexercised portion of this Option which is otherwise exercisable on the date of such termination may be exercised by Optionee at any time within six (6) months following the date of such termination, unless Optionee dies during such six (6) month period, but in no event later than the Expiration Date.
(c) If Optionee is an employee, upon termination of his or her employment by the Company without Cause, if there is a written employment agreement between Optionee and the Company, this Option shall cease to vest in accordance with the Vesting Schedule regardless of any salary continuation specified by such employment agreement as a result of such termination. Upon termination of his or her employment with the Company, (i) except as provided in clause (ii) of this sentence, this Option shall terminate and be unexercisable as to unvested options on the date of termination, but in no event later than...
Termination of Employment or Death a. In the event Optionee's employment shall terminate on account of death, the Options held by Optionee, to the extent exercisable through the date of death, may be exercised by a person who acquires the right to exercise the Options, provided such exercise occurs within both the remaining effective term of the Options and one year after the Optionee's death.
b. In the event Optionee's employment shall terminate on account of retirement or permanent disability (as defined in the Plan), the Options held by Optionee, to the extent exercisable through the date of such retirement or disability, may be exercised by Optionee, provided such exercise occurs within both the remaining effective term of the Options and three years from the date of termination of employment.
c. In the event Optionee's employment shall terminate on account of resignation, discharge not "for cause" (as defined below), or expiration of elected term, Optionee may exercise the Options within both the remaining effective term of the Options and three months from the date of termination.
d. In the event Optionee's employment shall terminate on account of discharge for cause, no exercise period shall exist and Optionee shall forfeit the Options as of the date of termination.
e. To the extent not then exercisable in accordance with this Section, the Options shall terminate on the date Optionee's employment terminates with the Company.
f. For purposes of this Agreement, termination of employment shall be considered to occur when an employee is no longer an employee of the Company or any Subsidiary. Whether an authorized leave of absence or absence on military or government service shall constitute termination of employment for purposes of this Plan shall be determined by the Committee. Retirement shall be considered to mean retirement pursuant to any applicable retirement plan of the Company or any of its Subsidiaries. Termination "for cause" shall mean willful misconduct or dishonesty or conviction of or failure to contest prosecution for a felony, or excessive absenteeism unrelated to illness. The Options, to the extent exercisable after death of Optionee, may be exercised by Optionee's personal representatives.
Termination of Employment or Death. (a) In the event of a termination of Optionee's employment or consulting services for any reason (other than a termination of an Optionee employee by his or her death or disability), (i) except as provided in clause (ii) of this sentence this Option shall
Termination of Employment or Death. 6.1 The terms and conditions of paragraph 9 of the Company’s 2006 Non-Statutory Stock Option Plan, adopted on September 13, 2006, is incorporated herein by references, and shall govern the rights and privileges of the Optionee with respect to the issues addressed therein.
Termination of Employment or Death. If the Participant’s employment with, or service on the board of directors of, the Company or an affiliate (as applicable) is terminated for any reason (including death), all RSUs that have not vested as of the date of termination shall be forfeited as of the date on which such termination occurs.
Termination of Employment or Death a) In the event of the termination by the Company without cause of the Optionee's employment with the Company, this option may be exercised for a period of 60 days after the date of such termination, after which period any portion of any options which remain unexercised shall terminate immediately and be of no force or effect. The number of Optioned Shares against which the option may be exercised pursuant to this Section 5(a) shall be that number of Optioned Shares in respect of which the Optionee would have been entitle to exercise his option at the end of the then-current calendar year.
b) If the Optionee is terminated for cause, the Optionee's entitlement to exercise options hereunder shall cease after a period of 14 days and the employee's entitlements with respect to any Optioned Shares for which his or her rights have not previously been exercised shall terminate after a period of 14 days and shall thereafter be of no further force and effect.
c) In the event of the death of the Optionee, any options granted to such Optionee may be exercised by the legal representatives of such Optionee for a period of 60 days from the date of death of such Optionee, after which period any portion of any options which remain unexercised shall terminate immediately and be of no force or effect.
Termination of Employment or Death a. In the event Optionee’s employment shall be involuntarily terminated by the Company without cause, the Optionee may exercise the Options, provided such exercise occurs both within the remaining effective term of the Options and ninety (90) days after the date of termination by the Company.
b. In the event Optionee dies while employed by the Company or dies within ninety (90) days after termination of employment with the Company (whether such termination preceding death was by reason of Retirement or Disability, involuntary termination without cause, or voluntary termination (but not termination For Cause)), the Options granted hereunder to Optionee shall be exercisable within three (3) years after the date of Optionee’s death. The legal representative, if any, of Optionee’s estate, or otherwise the appropriate legatees or distributees of Optionee’s estate, may exercise the Option on behalf of Optionee.
c. In the event Optionee’s employment shall terminate on account of Retirement or Disability, the Options held by Optionee may be exercised by Optionee, provided such exercise occurs within the remaining effective term of the Options.
d. In the event Optionee shall have an Involuntary Termination of Employment “For Cause” (as defined in Section 12(d)(ii) of the Plan), no exercise period shall exist and Optionee shall forfeit the Options as of the date of termination.
e. For purposes of this Agreement, termination of employment shall be considered to occur when an employee is no longer an employee of the Company or any Subsidiary. Whether an authorized leave of absence or absence on military or government service shall constitute termination of employment for purposes of this Agreement shall be determined by the Committee. Retirement shall be considered to mean retirement as defined in the Plan.
Termination of Employment or Death. (a) Subject to the terms of the Stock Option Agreement, if the employment of an employee by, or the services of a non-employee Director for, or consultant or advisor to, the Company or a subsidiary corporation of the Company shall be terminated for cause or voluntarily by the employee, non-employee Director, consultant or advisor, then his or its Option shall expire forthwith. Subject to the terms of the Stock Option Agreement, and except as provided in subsections (b) and (c) of this Section 12, if such employment or services shall terminate for any other reason, then such Option may be exercised at any time within three (3) months after such termination, subject to the provisions of subsection (d) of this Section 12. For purposes of the Plan, the retirement of an individual either pursuant to a pension or retirement plan adopted by the Company or at the normal retirement date prescribed from time to time by the Company shall be deemed to be termination of such individual's employment other than voluntarily or for cause. For purposes of this subsection (a), an employee, non-employee Director, consultant or advisor who leaves the employ or services of the Company to become an employee or non-employee Director of, or a consultant or advisor to, a subsidiary corporation of the Company or a corporation (or subsidiary or parent corporation of the corporation) which has assumed the Option of the Company as a result of a corporate reorganization, etc., shall not be considered to have terminated his employment or services.
(b) Subject to the terms of the Stock Option Agreement, if the holder of an Option under the Plan dies (i) while employed by, or while serving as a non-employee Director for or a consultant or advisor to, the Company or a subsidiary corporation of the Company, or (ii) within three (3) months after the termination of his employment or services other than voluntarily by the employee or non-employee Director, consultant or advisor, or for cause, then such Option may, subject to the provisions of subsection (d) of this Section 12, be exercised by the estate of the employee or non-employee Director, consultant or advisor, or by a person who acquired the right to exercise such Option by bequest or inheritance or by reason of the death of such employee or non-employee Director, consultant or advisor at any time within one (1) year after such death.
(c) Subject to the terms of the Stock Option Agreement, if the holder of an Option under the Plan ceases...
