Common use of Termination of Option Clause in Contracts

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this Agreement to indicate the extent to which the Option has expired or been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical to this Agreement in form and substance.

Appears in 13 contracts

Samples: Non Qualified Stock Option Agreement (Patriot American Hospitality Inc/De), Non Qualified Stock Option Agreement (Patriot American Hospitality Inc/De), Non Qualified Stock Option Agreement (Patriot American Hospitality Inc/De)

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Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.22.2 or Section 2.5, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 business days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this mark xxxs Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 6 contracts

Samples: Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc)

Termination of Option. (a) In no event may the Option be --------------------- exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 4 contracts

Samples: Stock Option Agreement (El Paso Electric Co /Tx/), Stock Option Agreement (El Paso Electric Co /Tx/), Stock Option Agreement (El Paso Electric Co /Tx/)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company’s request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 business days of the Optionee's ’s delivery of this Agreement to the Company, either (i) xxxx this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 3 contracts

Samples: Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 business days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this mark xxxs Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 3 contracts

Samples: Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc)

Termination of Option. (a) In no event may the Option be exercised --------------------- after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 business days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 3 contracts

Samples: Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this Agreement to indicate the extent to which the Option has expired or been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 3 contracts

Samples: Stock Option Agreement (El Paso Electric Co /Tx/), Stock Option Agreement (El Paso Electric Co /Tx/), Stock Option Agreement (El Paso Electric Co /Tx/)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 ten days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical at least as favorable to the Optionee as this Agreement in form and substance.

Appears in 3 contracts

Samples: Performance Accelerated Stock Option Agreement (Peapod Inc), Stock Option Agreement (Peapod Inc), Basic Stock Option Agreement (Peapod Inc)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated or extended pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 3 contracts

Samples: Non Statutory Stock Option Agreement (Landauer Inc), Non Statutory Stock Option Agreement (Landauer Inc), Non Statutory Stock Option Award Agreement (Landauer Inc)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 2 contracts

Samples: Stock Option Agreement (El Paso Electric Co /Tx/), Stock Option Agreement (El Paso Electric Co /Tx/)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.42.5. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 2.4 or earlier terminated pursuant to Section 2.22.3, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this mark xxxs Agreement to indicate the extent to which the Option has expired or been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical at least as favorable to the Optionee as this Agreement in form and substance.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Whitehall Jewellers Inc), Incentive Stock Option Agreement (Whitehall Jewellers Inc)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx mark this Agreement to indicate the extent to which the Option has expired or been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical at least as favorable to the Optionee as this Agreement in form and substance.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Whitehall Jewellers Inc), Nonqualified Stock Option Agreement (Whitehall Jewellers Inc)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.42.5. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 2.4 or earlier terminated pursuant to Section 2.22.3, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this mark xxxs Agreement to indicate the extent to which the Option has expired or been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical to this Agreement in form and substance.a

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Patinkin Hugh M), Incentive Stock Option Agreement (Patinkin Hugh M)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock Shares subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall promptly return this Agreement to the Company upon the Company's request for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock Shares hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical to this Agreement in form and substance.

Appears in 2 contracts

Samples: Employment Agreement (TTR Inc), Employment Agreement (TTR Inc)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this mark xxxs Agreement to indicate the extent to which the Option has expired or been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical at least as favorable to the Optionee as this Agreement in form and substance.

Appears in 2 contracts

Samples: Stock Option Agreement (Patinkin Hugh M), Stock Option Agreement (Patinkin Hugh M)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this mark xxxs Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 2 contracts

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

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx mark this Agreement to indicate the extent to which the Option has expired or expirxx xr been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical at least as favorable to the Optionee as this Agreement in form and substance.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Whitehall Jewellers Inc), Nonqualified Stock Option Agreement (Whitehall Jewellers Inc)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock Paired Shares subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock Paired Shares hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx mark this Agreement to indicate the extent to which the Option has expired exxxxxd or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical to this Agreement in form and substance.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Starwood Hotels & Resorts), Non Qualified Stock Option Agreement (Starwood Hotels & Resorts)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.44.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 4.3 or earlier terminated or extended pursuant to Section 2.24.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled exercised or forfeited, the Optionee shall shall, upon the Company’s request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 ten (10) days of the Optionee's ’s delivery of this Agreement to the Company, either (i) xxxx this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 1 contract

Samples: Stock Option Agreement (Federal Mogul Corp)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.44.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 4.3 or earlier terminated or extended pursuant to Section 2.24.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled exercised or forfeited, the Optionee shall shall, upon the Company’s request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 ten (10) days of the Optionee's ’s delivery of this Agreement to the Company, either (i) xxxx mxxx this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 1 contract

Samples: Stock Option Agreement (Federal-Mogul Corp)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this mark xxxs Agreement to indicate the extent to which the Option has expired or been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Whitehall Jewellers Inc)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock Paired Shares subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock Paired Shares hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx mark this Agreement to indicate the extent to which the Option has expired expixxx or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Starwood Hotel & Resorts Worldwide Inc)

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Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration DateAgreement. (b) In the event that rights to purchase all or a portion of the shares of Common Stock Paired Shares subject to the Option expire or are exercised, canceled canceled, forfeited or forfeitedtransferred pursuant to a Limited Transfer (as defined below), the Optionee shall promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock Paired Shares hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this mark xxxs Agreement to indicate the extent to which the Option has expired or been exercised, canceled canceled, forfeited or forfeited transferred or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical to this Agreement in form and substance.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Starwood Hotel & Resorts Worldwide Inc)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in accordance with the term of this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration DateAgreement. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Option Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Option Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 ten days of the Optionee's delivery of this Option Agreement to the Company, either (i) xxxx this Option Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement Option Agreement applicable to such rights, which agreement shall otherwise be identical at least as favorable to the Optionee as this Option Agreement in form and substance.

Appears in 1 contract

Samples: Option Agreement (Royal Ahold)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 business days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this mark xxxs Agreement to indicate the extent to which the Option has expired or been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 1 contract

Samples: Stock Option Agreement (Firearms Training Systems Inc)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.42.3. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 2.2 or earlier terminated pursuant to Section 2.22.1, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx mark this Agreement to indicate the extent to which the Option has expired exxxxxd or been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Whitehall Jewellers Inc)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock Paired Shares subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock Paired Shares hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Starwood Hotel & Resorts Worldwide Inc)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.22.2 or earlier exercised pursuant to Section 2.3, at 5:00 p.m. Central time on the Expiration Date. (ba) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company’s request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's ’s delivery of this Agreement to the Company, either (i) xxxx this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute stock option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Tactical Solution Partners, Inc.)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.42.5. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 2.4 or earlier terminated pursuant to Section 2.22.3, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this mark xxxs Agreement to indicate the extent to which the Option has expired or been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option 77 agreement applicable to such rights, which agreement shall otherwise be identical at least as favorable to the Optionee as this Agreement in form and substance.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Whitehall Jewellers Inc)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx mark this Agreement to indicate the extent to which the Option has expired expixxx or been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical at least as favorable to the Optionee as this Agreement in form and substance.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Whitehall Jewellers Inc)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company’s request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 ten (10) business days of the Optionee's ’s delivery of this Agreement to the Company, either (i) xxxx this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 1 contract

Samples: Stock Option Agreement (Firearms Training Systems Inc)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.42.5. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 2.4 or earlier terminated pursuant to Section 2.22.3, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall shall, upon the Company’s request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's ’s delivery of this Agreement to the Company, either (i) xxxx mxxx this Agreement to indicate the extent to which the Option has expired or been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 1 contract

Samples: Stock Option Agreement (Amerus Group Co/Ia)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock Paired Shares subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock Paired Shares hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx mark this Agreement to indicate the extent to which the Option has expired exxxxxd or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Starwood Hotels & Resorts)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.22.2 or earlier exercised pursuant to Section 2.3, at 5:00 p.m. Central time on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) xxxx this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute stock option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 1 contract

Samples: Stock Option Agreement (Linting Richard L)

Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.22.2 or exercised pursuant to Section 2.3, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company’s request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such ; provided, however, that such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's ’s delivery of this Agreement to the Company, either (i) xxxx this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.

Appears in 1 contract

Samples: Stock Option Agreement (Bearingpoint Inc)

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