Termination of Option; Disgorgement of Certain Profits Sample Clauses

Termination of Option; Disgorgement of Certain Profits. (a) If all the Optionee's service to the Company and all its Related Corporations as employee, consultant and/or director terminates for any reason, other than death or retirement from employment (but including termination of affiliation between the Company and the Related Corporation with which Optionee is serving as employee, consultant or director), the Option, to the extent exercisable on the date of such termination, may be exercised by the Optionee at any time within 90 days after termination, but only before the tenth anniversary of the Grant Date. If the Optionee dies or retires from employment, the Option may be exercised, to the extent exercisable on the date of such retirement or death, at any time by the Optionee or his executor or administrator, as the case may be, but only before the earlier of the first anniversary of the date of death or retirement or the tenth anniversary of the Grant Date. Options which are not exercisable at the time of termination of the Optionee's relationship with the Company and all its Related Corporations as an employee, director and/or consultant or which are so exercisable but are not exercised within the time periods described above, shall terminate. Leave of absence for military service, illness or other bona fide purpose shall not be deemed a termination for purposes of this Section 4 provided that it does not exceed the longer of 90 days or the period during which the absent Optionee's rights are guaranteed by statute or by contract. If the Optionee does not so return, his relationship with the Company and all its Related Corporations as an employee, director and/or consultant shall be deemed to have ended on the next day of such leave of absence.
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Termination of Option; Disgorgement of Certain Profits. (a) If the Optionee ceases to serve as a director of the Company for any reason, other than death, the Option may be exercised, to the extent exercisable on the date of such termination, by the Optionee at any time within 90 days after such termination, but only before the tenth (10th) anniversary of the Grant Date. If the Optionee dies, the Option may be exercised, to the extent exercisable on the date of death, at any time by the Optionee's executor or administrator, but only before the earlier of the first (1) anniversary of the date of death or the tenth (10th) anniversary of the Grant Date. Options which are not exercisable at the time of termination of the Optionee's relationship with the Company or which are exercisable but not exercised within the time periods described above shall terminate. A leave of absence for military service, illness or other bona fide purpose shall not be deemed a termination for purposes of this Section 4 provided that it does not exceed the longer of ninety (90) days or the period during which the rights of the absent director are guaranteed by statute or by contract. If the Optionee does not so return, his relationship with the Company shall be deemed to have ended on the next day of such leave of absence.
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Termination of Option; Disgorgement of Certain Profits. (a) If the Optionee ceases to serve as a consultant and/or director to the Company and all its Related for any reason, other than death, the Option, to the extent exercisable on the date of such termination, may be exercised by the Optionee at any time within 90 days after termination, but only before the tenth anniversary of the Grant Date. If the Optionee dies, the Option may be exercised, to the extent exercisable on the date of death, at any time by the Optionee or his executor or administrator, as the case may be, but only before the earlier of the first anniversary of the date of death or retirement or the tenth anniversary of the Grant Date. Options which are not exercisable at the time of termination of the Optionee's relationship with the Company and all its Related Corporations as a director and/or consultant or which are so exercisable but are not exercised within the time periods described above, shall terminate. Leave of absence for military service, illness or other bona fide purpose shall not be deemed a termination for purposes of this Section 4 provided that it does not exceed the longer of 90 days or the period during which the absent Optionee's rights are guaranteed by statute or by contract. If the Optionee does not so return, his relationship with the Company and all its Related Corporations as an employee, director and/or consultant shall be deemed to have ended on the next day of such leave of absence.
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Termination of Option; Disgorgement of Certain Profits. (a) If the Optionee's employment by the Company and its Related Corporations terminates for any reason, other than death or retirement (but including termination of affiliation between the Company and the Related Corporation with which Optionee is serving as an employee), after the first anniversary of the Grant Date, the Option, to the extent exercisable on the date of such termination, may be exercised by the Optionee at any time within 90 days after termination, but only before the tenth anniversary of the Grant Date. If the Optionee dies or retires after the first anniversary of the Grant Date, the Option may be exercised, to the extent exercisable on the date of retirement or death, at any time by the Optionee or his executor or administrator, as the case may be, but only before the earlier of the first anniversary of the date of death or retirement or the tenth anniversary of the Grant Date. Options which are not exercisable at the time of termination of the Optionee's employment or which are so exercisable but are not exercised within the time periods described above shall terminate. Leave of absence for military service, illness or other bona fide purpose shall not be deemed a termination of employment provided that it does not exceed the longer of 90 days or the period during which the absent employee's reemployment rights are guaranteed by statute or by contract. If the Optionee does not so return, his employment shall be deemed to have ended on the next day of such leave of absence.
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Related to Termination of Option; Disgorgement of Certain Profits

  • Termination of Certain Rights Any termination of this Lease pursuant to this Article 13 shall cause any right of the Lessee to extend the Term of this Lease, granted to the Lessee herein and any right of the Lessee to purchase the Leased Property contained in this Lease to be terminated and to be without further force or effect.

  • Termination of Certain Provisions 46 SECTION 7.14.

  • PAYMENT OF CERTAIN TAXES UPON CONVERSION Except as provided in the next sentence, the Company will pay any and all taxes that may be payable in respect of the issue or delivery of shares of its Common Stock on conversion of Securities pursuant hereto. The Company shall not, however, be required to pay any tax which may be payable in respect of any transfer involved in the issue and delivery of shares of its Common Stock in a name other than that of the Holder of the Security or Securities to be converted, and no such issue or delivery shall be made unless and until the person requesting such issue has paid to the Company the amount of any such tax, or has established, to the satisfaction of the Company, that such tax has been paid.

  • Certain Benefits Upon Termination Executive’s employment shall be terminated upon the earlier of (i) the voluntary resignation of Executive with or without Good Reason; (ii) Executive’s death or permanent disability; or (iii) upon the termination of Executive’s employment by LTC for any reason at any time. In the event of such termination, the below provisions of this Section 6 shall apply, and in the event of a Change in Control, whether or not Executive’s employment is terminated thereby, Section 6(b) shall apply.

  • Termination of Certain Agreements On and as of the Closing, the Company shall take all actions necessary to cause the Contracts listed on Schedule 6.04 to be terminated without any further force and effect and without any cost or other liability or obligation to the Company or any of its Subsidiaries, and there shall be no further obligations of any of the relevant parties thereunder following the Closing.

  • Payments on Termination and Survival of Certain Rights and Obligations Payments to the Advisor pursuant to this Section 13.03 shall be subject to the 2%/25% Guidelines to the extent applicable.

  • Liability Upon Termination If this Agreement shall be terminated pursuant to Section 8 hereof, the Company shall not then be under any liability to any Underwriter except as provided in Sections 5 and 7 hereof; but, if for any other reason, the Certificates are not delivered by or on behalf of the Company as provided herein, because the Company fails to satisfy any of the conditions set forth in Section 4 hereof or because of any refusal, inability or failure of the Company to perform any agreement herein or to comply with any provision hereof, other than by reason of a default by the Underwriters, the Company will reimburse the Underwriters for all out-of-pocket expenses, including fees and disbursements of counsel, reasonably incurred by the Underwriters in making preparations for the purchase, sale and delivery of such Certificates, but the Company shall then be under no further liability to any Underwriter with respect to such Certificates except as provided in Section 5 and Section 7 hereof.

  • Termination of Service for Cause If your Service is terminated by the Company for Cause or if you commit an act(s) of Cause while this Option is outstanding, as determined by the Committee in its sole discretion, then you shall immediately forfeit all rights to your Option without consideration, including any vested portion of the Option, and the entire Option shall immediately expire, and any rights, payments and benefits with respect to the Option shall be subject to reduction or recoupment in accordance with the Clawback Policy and the Plan. For avoidance of doubt, your Service shall also be deemed to have been terminated for Cause by the Company if, after your Service has otherwise terminated, facts and circumstances are discovered that would have justified a termination for Cause, including, without limitation, your violation of Company policies or breach of confidentiality or other restrictive covenants or conditions that may apply to you prior to or after your Termination Date.

  • DISAPPLICATION OF CERTAIN TERMINATION EVENTS The "Tax Event"

  • Termination of Certain Contracts Purchaser shall have received evidence reasonably acceptable to Purchaser that the Contracts set forth on Schedule 10.3(e)(ix) involving any of the Target Companies and/or Sellers or other Related Persons shall have been terminated with no further obligation or Liability of the Target Companies thereunder.

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