Termination of Relationship with the Corporation. If the Participant ceases to be an employee of the Corporation, or any present or future subsidiary of the Corporation (which shall be included in the definition of the Corporation for purposes of this Agreement) for any reason, then, except as provided in paragraphs (c) and (d) below, the right to exercise this option shall still terminate on the Final Exercise Date, provided that this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation.
Appears in 5 contracts
Samples: Nonstatutory Stock Option Agreement (Southern Trust Securities Holding Corp), Nonstatutory Stock Option Agreement (Southern Trust Securities Holding Corp), Nonstatutory Stock Option Agreement (Southern Trust Securities Holding Corp)
Termination of Relationship with the Corporation. If the Participant ceases to be an employee of the Corporation, Corporation or any of its present or future subsidiary of subsidiaries (collectively referred to herein as the Corporation (which shall be included in the definition of the Corporation for purposes of this AgreementCorporation) for any reason, then, except as provided in paragraphs (c) and (d) below, the right to exercise this option shall still terminate on the Final Exercise Date, provided that this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessationcessation of employment.
Appears in 1 contract
Samples: Nonstatutory Stock Option Agreement (Southern Trust Securities Holding Corp)