Common use of Termination of Employment or Engagement Clause in Contracts

Termination of Employment or Engagement. If your employment with the Company (or a subsidiary thereof) is terminated for any reason other than by death or disability, or if a you are not an employee of the Company and your engagement by the Company (or a subsidiary) is terminated for any reason, you may exercise, within three months from the date of such termination, that portion of this option which was exercisable by you at the date of such termination, provided, however, that such exercise occurs prior to the Option Expiration Date.

Appears in 21 contracts

Samples: Non Incentive Stock Option Agreement (Nexell Therapeutics Inc), Non Incentive Stock Option Agreement (Nexell Therapeutics Inc), Non Incentive Stock Option Agreement (Nexell Therapeutics Inc)

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Termination of Employment or Engagement. If your employment with the Company (or a subsidiary thereof) is terminated for any reason other than by death or disability, or if a you are not an employee of the Company and your engagement by the Company (or a subsidiary) is terminated for any reason, you may exercise, within three months from the date of such termination, exercise that portion of this option which was exercisable by you at the date of such termination, provided, however, that such exercise occurs prior to the Option Expiration Date.

Appears in 4 contracts

Samples: Non Incentive Stock Option Agreement (Nexell Therapeutics Inc), Non Incentive Stock Option Agreement (Nexell Therapeutics Inc), Non Incentive Stock Option Agreement (Nexell Therapeutics Inc)

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Termination of Employment or Engagement. If your employment with the Company (or a subsidiary thereof) is terminated for any reason other than by death or disability, or if a you are not an employee of the Company and your engagement by the Company (or a subsidiary) is terminated for any reason, you may exercise, within three months from the date of such termination, exercise that portion of this option which was exercisable by you at the date of such termination, provided, however, that such exercise occurs prior to the Option Expiration Date.

Appears in 1 contract

Samples: Non Incentive Stock Option Agreement (Nexell Therapeutics Inc)

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