Common use of Termination of Employment or Engagement Clause in Contracts

Termination of Employment or Engagement. If Optionee shall cease to --------------------------------------- serve as an Employee of the Company or Parent Company, whether voluntarily or involuntarily, other than by the conclusion of the term of Optionee's written agreement, Optionee shall retain all rights set forth herein for vested Options and all non-vested options shall terminate and be of no further force or effect.

Appears in 2 contracts

Samples: Stock Option Agreement (E-Net Financial Com Corp), Employment Agreement (E-Net Financial Com Corp)

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Termination of Employment or Engagement. If Optionee shall cease to --------------------------------------- serve as an Employee employee of the Company or Parent Companyfor any reason, whether voluntarily or involuntarily, other than by the conclusion of the term of Optionee's written employment agreement, then Optionee shall retain all rights set forth herein for vested Options and all non-vested options shall terminate and be of no further force or effect.

Appears in 1 contract

Samples: Stock Option Agreement (E-Net Financial Com Corp)

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Termination of Employment or Engagement. If Optionee shall cease to --------------------------------------- serve as an Employee employee of the Company or Parent Companyfor any reason, whether voluntarily or involuntarily, other than by the conclusion of the term of Optionee's written employment agreement, then all remaining unvested Options shall immediately vest and the Optionee shall retain all rights set forth herein for vested Options and all non-vested options shall terminate and be of no further force or effectthe Options.

Appears in 1 contract

Samples: Employment Agreement (Epic Financial Corp)

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