Termination of Employment or Other Service. 1. In the event that the Optionee's employment or other service with the Company and all Subsidiaries is terminated by reason of the Optionee's death, Disability or Retirement (as such terms are defined in the Plan), this Option will remain exercisable to the extent exercisable as of such termination following such termination until the Time of Termination. 2. In the event the Optionee's employment or other service with the Company and all Subsidiaries is terminated for any reason other than death, Disability or Retirement, all rights of the Optionee under the Plan and this Agreement will immediately terminate without notice of any kind, and this Option will no longer be exercisable; provided, however, that if such termination is due to any reason other than termination by the Company or any Subsidiary for "cause" (as defined in the Plan), this Option will remain exercisable to the extent exercisable as of such termination for a period of one month after such termination (but in no event will this Option be exercisable after the Time of Termination).
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Samples: Non Qualified Stock Option Agreement (Northern Technologies International Corp), Incentive Stock Option Agreement (Northern Technologies International Corp)
Termination of Employment or Other Service. 1. (a) In the event that the Optionee's ’s employment or other service with the Company and all Subsidiaries is terminated by reason of the Optionee's ’s death, Disability or Retirement (as such terms are defined in the Plan)retirement, this Option will become immediately exercisable in full and will remain exercisable to the extent exercisable as for a period of one year after such termination following such termination until (but in no event will this Option be exercisable after the Time of Termination).
2. (b) In the event the Optionee's ’s employment or other service with the Company and all Subsidiaries is terminated for any reason other than death, Disability or Retirementretirement, all rights of the Optionee under the Plan and this Agreement will immediately terminate without notice of any kind, and this Option will no longer be exercisable; provided, however, however that if such termination is due to any reason other than termination by the Company or any Subsidiary for "cause" (as defined in the Plan)Cause, this Option will remain exercisable to the extent exercisable as of such termination for a period of one month three months after such termination (but in no event will this Option be exercisable after the Time of Termination).
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Samples: Non Statutory Stock Option Agreement (Marten Transport LTD)
Termination of Employment or Other Service. 1. (a) In the event that the Optionee's ’s employment or other service with the Company and all Subsidiaries is terminated by reason of the Optionee's ’s death, Disability or Retirement (as such terms are defined in the Plan)Retirement, this Option will remain exercisable to the extent exercisable as of such termination following for a period of one year after such termination until (but in no event will this Option be exercisable after the Time of Termination).
2. (b) In the event the Optionee's ’s employment or other service with the Company and all Subsidiaries is terminated for any reason other than death, Disability or Retirement, all rights of the Optionee under the Plan and this Agreement will immediately terminate without notice of any kind, and this Option will no longer be exercisable; provided, however, however that if such termination is due to any reason other than termination by the Company or any Subsidiary for "cause" (as defined in the Plan)Cause, this Option will remain exercisable to the extent exercisable as of such termination for a period of one month three months after such termination (but in no event will this Option be exercisable after the Time of Termination).
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Samples: Non Statutory Stock Option Agreement (Marten Transport LTD)