Termination of Options. To the extent vested in accordance with Section 2 above, the Options will terminate, and be of no force or effect, upon the earlier of: (a) the date of termination of the Participant’s service as a Non-Employee Director of the Company if such termination is for cause as determined by the Board, or the second anniversary of such date if the Participant’s service as a Non-Employee Director of the Company terminates for any other reason; and (b) the expiration of the Option Term.
Appears in 4 contracts
Samples: Nonqualified Stock Option Agreement, Nonqualified Stock Option Agreement (Vonage Holdings Corp), Nonqualified Stock Option Agreement (Vonage Holdings Corp)
Termination of Options. To the extent vested in accordance with Section 2 above, the Options will terminate, and be of no force or effect, upon the earlier of:
(a) the date of termination of the Participant’s service as a Non-Employee Director of the Company employment if such termination is for cause as determined by Cause, the Board, or the second first anniversary of such date if the Participant’s service employment terminates for a reason as a Non-Employee Director of set forth in Sections 2(e) or 2(f) above, 60 days following such date if such termination is due to the Company terminates Participant’s resignation without Good Reason, or 180 days following such date if such termination is for any other reason; and
(b) the expiration of the Option Term.
Appears in 3 contracts
Samples: Employment Agreement (Vonage Holdings Corp), Employment Agreement (Vonage Holdings Corp), Nonqualified Stock Option Agreement (Vonage Holdings Corp)
Termination of Options. To the extent vested in accordance with Section 2 above, the Options will terminate, and be of no force or effect, upon the earlier of:
(a) the date of termination of the Participant’s service as a Non-Employee Director of the Company employment if such termination is for cause as determined by Cause, the Board, or the second first anniversary of such date if the Participant’s service employment terminates for a reason as a Non-Employee Director of set forth in Section 2(b), 2(c) or 2(d) above, 30 days following such date if such termination is due to the Company terminates Participant’s resignation, or 90 days following such date if such termination is for any other reason; and
(b) the expiration of the Option Term.
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement, Nonqualified Stock Option Agreement (Vonage Holdings Corp), Nonqualified Stock Option Agreement (Vonage Holdings Corp)
Termination of Options. To the extent vested in accordance with Section 2 above, the Options will terminate, and be of no force or effect, upon the earlier of:
(a) the date of termination of the Participant’s service as a Non-Employee Director of the Company if such termination is for cause as determined by the Board, or the second first anniversary of such date if the Participant’s service as a Non-Employee Director of the Company terminates for any other reason; and
(b) the expiration of the Option Term.
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Vonage Holdings Corp), Nonqualified Stock Option Agreement (Vonage Holdings Corp)
Termination of Options. To the extent vested in accordance with Section 2 above, the The Options will terminate, and be of no force or effect, upon the earlier of:
(a) the date of termination of the Participant’s service as a Non-Employee Director of the Company if such termination is for cause as determined by the Board, or the second anniversary of such date if the Participant’s service as a Non-Employee Director of the Company terminates for any other reason; and
(b) the expiration of the Option Term.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Vonage Holdings Corp)
