Common use of Termination of Service or Death of the Optionee Clause in Contracts

Termination of Service or Death of the Optionee. a. Except as provided in subparagraphs b., c., or d. of this paragraph 5 and notwithstanding any other provision of this Option to the contrary, this Option shall not be exercisable unless the Optionee, at the time the Optionee exercises this Option, has maintained “Continuous Service” (as defined herein) since the date of the grant of this Option. “

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (TCF Financial Corp), Nonqualified Stock Option Agreement (TCF Financial Corp)

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Termination of Service or Death of the Optionee. a. Except as provided in subparagraphs b., c., b. or d. c. of this paragraph 5 and notwithstanding any other provision of this Option to the contrary, this Option shall not be exercisable unless the Optionee, at the time the Optionee exercises this Option, has maintained “Continuous Service” (as defined herein) since the date of the grant of this Option. “

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (TCF Financial Corp), Incentive Stock Option Agreement (TCF Financial Corp)

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