Common use of Termination of Employment (other than Disability, Death, or Retirement Clause in Contracts

Termination of Employment (other than Disability, Death, or Retirement. If there is a Termination of Service of the Holder for a reason other than the Holder's death, Disability or Retirement, the portion of this Incentive Stock Option, if any, that remains unexercised shall terminate and cease to be exercisable three (3) months after the date of such Termination of Service and that portion, if any, that pursuant to this Agreement is not yet exercisable on the date of such Termination of Service, shall terminate and cease to be exercisable as of such date.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Applebees International Inc), Incentive Stock Option Agreement (Applebees International Inc)

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Termination of Employment (other than Disability, Death, or Retirement. If there is a Termination of Service of the Holder for a reason other than the Holder's death, Disability or Retirement, the portion of this Incentive Stock Optionportion, if any, of this Nonqualified Stock Option that remains unexercised unexercised, shall terminate and cease to be exercisable three ninety (390) months days after the date of such Termination of Service and that portion, if any, that pursuant to this Agreement is not yet exercisable on the date of such Termination of Servicedate, shall terminate and cease to be exercisable as of such date.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Applebees International Inc), Nonqualified Stock Option Agreement (Applebees International Inc)

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