Common use of Termination of Option Clause in Contracts

Termination of Option. Your right to exercise the Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (i) ten years from date of grant or (ii) the date provided in Section 10 below in the event you cease to be employed by the Company or any subsidiary or parent thereof.

Appears in 6 contracts

Samples: Incentive Stock Option Agreement (Acreedo Health Inc), Incentive Stock Option Agreement (Acreedo Health Inc), Incentive Stock Option Agreement (Acreedo Health Inc)

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Termination of Option. Your right to exercise the this Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (ia) ten years from date the close of grant business on the tenth anniversary of the Date of Grant, or (iib) the date provided in Section 10 below in the event you cease to be employed by the Company or any subsidiary or parent thereof6 hereof.

Appears in 4 contracts

Samples: Employee Non Qualified Stock Option Agreement (Fiserv Inc), Non Qualified Stock Option Agreement (Fiserv Inc), Employee Non Qualified Stock Option Agreement (Fiserv Inc)

Termination of Option. Your right to exercise the Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (i) ten years from date of grant or (ii) the date provided in Section 10 9 below in the event you cease to be employed by serve as a director of the Company or any subsidiary or parent thereof.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Acreedo Health Inc), Non Qualified Stock Option Agreement (Acreedo Health Inc), Non Qualified Stock Option Agreement (Acreedo Health Inc)

Termination of Option. Your right to exercise the Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (ia) ten years from date of grant December 1, 2017 or (iib) the date provided in Section 10 9 below in the event you cease to be employed by the Company or any subsidiary or parent thereofthereof (other than as a result of your death or disability as described in Section 9(c) hereof, in which case you shall be deemed for purposes hereof to continue to be employed on a full-time basis).

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Lincare Holdings Inc), Non Qualified Stock Option Agreement (Lincare Holdings Inc), Non Qualified Stock Option Agreement (Lincare Holdings Inc)

Termination of Option. Your right to exercise the Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (ia) ten years from date of grant July 31, 2012, or (iib) the date provided in Section 10 9 below in the event you cease to be employed by the Company or any subsidiary or parent thereofthereof (other than as a result of your death or disability as described in Section 9(c) hereof, in which case you shall be deemed for purposes hereof to continue to be employed on a full-time basis).

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Lincare Holdings Inc), Non Qualified Stock Option Agreement (Lincare Holdings Inc), Non Qualified Stock Option Agreement (Lincare Holdings Inc)

Termination of Option. Your right to exercise the this Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (i) the date which is ten (10) years from date of grant the Grant Date (the “Expiration Date”) or (ii) the date provided determined in accordance with Section 10 8 below in the event you cease to be employed by the Company or any parent, subsidiary or parent thereofaffiliate of the Company (such entities hereinafter referred to as the “BB Group”).

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Black Box Corp), Nonqualified Stock Option Agreement (Black Box Corp)

Termination of Option. Your right to exercise the Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (i) ten years from date of grant the Grant Date or (ii) the date provided in Section 10 8 below in the event you cease to be employed by the Company or any subsidiary “Subsidiary” or parent thereof“Parent” thereof (“Subsidiary” and “Parent” are defined herein as defined in the Plan).

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Centennial Communications Corp /De), Non Qualified Stock Option Agreement (Centennial Communications Corp /De)

Termination of Option. Your right to exercise the this Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (i) the date which is ten (10) years from date of grant the Grant Date (the “Expiration Date”) or (ii) the date provided determined in accordance with Section 10 8 below in the event you cease to be employed by a director of the Company or any a subsidiary corporation or parent thereofcorporation of the Company as such terms are defined in the Plan (such entities hereinafter referred to as the “BB Group”).

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Black Box Corp), Non Qualified Stock Option Agreement (Black Box Corp)

Termination of Option. Your right to exercise the Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (i) ten years from date of grant February 21, 2009 or (ii) the date provided in Section 10 11 below in the event you cease to be employed by the Company or any subsidiary or parent thereof.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (North American Technologies Group Inc /Mi/), Incentive Stock Option Agreement (North American Technologies Group Inc /Mi/)

Termination of Option. Your right to exercise the this Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (i) the date which is ten (10) years from date of grant the Grant Date (the “Expiration Date”) or (ii) the date provided determined in accordance with Section 10 8 below in the event you cease to be employed on a full-time basis by the Company or any a subsidiary corporation or parent thereofcorporation of the Company as such terms are defined in the Plan (such entities hereinafter referred to as the “BB Group”).

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Black Box Corp), Non Qualified Stock Option Agreement (Black Box Corp)

Termination of Option. Your right to exercise the this Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (ia) ten years from date the close of grant business on the tenth anniversary of the Date of Grant (the “Expiration Date”), or (iib) the date provided in Section 10 below in the event you cease to be employed by the Company or any subsidiary or parent thereof7 hereof.

Appears in 2 contracts

Samples: Employee Non Qualified Stock Option Agreement (Fiserv Inc), Employee Non Qualified Stock Option Agreement (Fiserv Inc)

Termination of Option. Your right to exercise the this Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (i) ten years from date of grant January 28, 2008, or (ii) on the date provided in Section 10 8 below in the event you cease to be employed by a Director of the Company or any subsidiary or parent thereofCompany.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Genicom Corp)

Termination of Option. Your right to exercise the Option (and to purchase the Option SharesUnits) shall expire and terminate in all events on the earlier of (i) ten years from date of grant the Grant Date or (ii) the date provided in Section 10 9 below in the event you cease to be employed by any Subsidiary of the Company or any subsidiary or parent thereofCompany.

Appears in 1 contract

Samples: Non Qualified Common Membership Interest Option Agreement (BHC Meadows Partner Inc)

Termination of Option. Your right to exercise the this Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of earliest to occur of: (i) ten years from date of grant or the "Expiration Date" set forth on the Grant Detail Report; or (ii) the date provided in Section 10 Sections 8(a), 8(b) or 8(c) below in the event you cease to be employed on a full-time basis by the Company or any subsidiary or parent thereofSubsidiary of the Company (as defined in the Plan).

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Bisys Group Inc)

Termination of Option. Your right to exercise the this Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (i) ten years from date of grant )_________, or (ii) the date provided in Section 10 8 below in the event you cease to be employed on a full-time basis by the Company or any subsidiary or parent thereofSubsidiary of the Company (as defined in the Plan).

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Steris Corp)

Termination of Option. Your right to exercise the Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (i) ten years from date of grant March 31, 2004 or (ii) the date provided in Section 10 8 below in the event you cease to be employed by the Company or any subsidiary or parent thereof.

Appears in 1 contract

Samples: Employment Agreement (Liveperson Inc)

Termination of Option. Your right to exercise the Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of of: (i) ten years from date of grant [Expiration Date] or (ii) the date provided in Section 10 7 below in the event you cease to be employed by a non-employee director of the Company or any subsidiary or parent thereof.

Appears in 1 contract

Samples: Non Employee Director Stock Option Agreement (Lincare Holdings Inc)

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Termination of Option. Your Participant's right to exercise the this Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (i) ten five years from date after Date of grant or Grant; (ii) the date provided in Section 10 Paragraph 8 below in the event you cease Participant ceases to be employed by a Director of the Company (as defined in the Plan); or (iii) upon any subsidiary transfer, pledge, encumbering or parent thereofattempted exercise of this Option in violation of the terms of Paragraph 7 below.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Financial Federal Corp)

Termination of Option. Your right to exercise the Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (i) ten years from date the tenth anniversary of grant or the Grant Date (hereinafter the "Expiration Date") and (ii) the date provided in Section 10 7 below in the event you cease to be employed by the Company or any subsidiary or parent thereof.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Global Knowledge Inc)

Termination of Option. Your right to exercise the Option (and to --------------------- purchase the Option Shares) shall expire and terminate in all events on the earlier of (i) ten years from date of grant [DATE], 2010 or (ii) the date provided in Section 10 8 below in the event you cease to be employed by the Company or any subsidiary or parent thereof.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Lifeminders Inc)

Termination of Option. Your Participant's right to exercise the this Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (i) ten six years from date after Date of grant or Grant; (ii) the date provided in Section 10 Paragraph 8 below in the event you cease Participant ceases to be employed on a full-time basis by the Company or any subsidiary Subsidiary or parent thereofAffiliate thereof (as defined in the Plan); or (iii) upon any transfer, pledge, encumbering or attempted exercise of this Option in violation of the terms of Paragraph 7 below.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Financial Federal Corp)

Termination of Option. Your right to exercise the Option (and to purchase the Shares subject to the Option (the “Option Shares”)) shall expire and terminate in all events on the earlier of (ia) ten years from date the close of grant business on the tenth anniversary of the Grant Date or (iib) the date upon which exercise is no longer permitted as provided in Section 10 below in the event you cease to be employed by the Company or any subsidiary or parent thereof7 hereof.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Fiserv Inc)

Termination of Option. Your right to exercise the this Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (i) ten years from date of grant January 28, 2007, or (ii) on the date provided in Section 10 8 below in the event you cease to be employed by a Director of the Company or any subsidiary or parent thereofCompany.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Genicom Corp)

Termination of Option. Your right to exercise the Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (i) ten years from date of grant the Grant Date or (ii) the date provided in Section 10 8 below in the event you cease to be employed by the Company or any subsidiary "Subsidiary" or parent thereof"Parent" thereof ("Subsidiary" and "Parent" are defined herein as defined in the Plan).

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Lexent Inc)

Termination of Option. Your Participant's right to exercise the this Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (i) ten [five/six] years from date after Date of grant or Grant; (ii) the date provided in Section 10 Paragraph 8 below in the event you cease Participant ceases to be employed on a full-time basis by the Company or any subsidiary Subsidiary or parent thereofAffiliate (as defined in the Plan); or (iii) upon any transfer, pledge, encumbering or attempted exercise of this Option in violation of the terms of Paragraph 7 below.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Financial Federal Corp)

Termination of Option. Your right to exercise the Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier of (ia) ten years from date of grant [Expiration Date], or (iib) the date provided in Section 10 9 below in the event you cease to be employed by the Company or any subsidiary or parent thereofthereof (other than as a result of your death or disability as described in Section 9(c) hereof, in which case you shall be deemed for purposes hereof to continue to be employed on a full-time basis).

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Lincare Holdings Inc)

Termination of Option. Your right to exercise the Option (and to purchase the Shares subject to the Option (the “Option Shares”)) shall expire and terminate in all events on the earlier of (ia) ten years from date the close of grant business on the tenth anniversary of the Grant Date or (iib) the date upon which exercise is no longer permitted as provided in Section 10 below in the event you cease to be employed by the Company or any subsidiary or parent thereof6 hereof.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Fiserv Inc)

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