Common use of Termination of Services Agreement Clause in Contracts

Termination of Services Agreement. (a) If the Services Agreement terminates other than as a result of the Optionee's Breach and the Optionee thereby ceases to provide Services to the Company, this Option may be exercised in full during the remaining balance of the term of the Option (but not in any event before three years and ten days have elapsed from the date hereof or beyond the expiration of the term of this Option), notwithstanding anything to the contrary in this Option Agreement. (b) If the Services Agreement terminates as a result of the Optionee's Breach and the Optionee thereby ceases to provide Services to the Company, the Optionee may exercise the Option, to the extent vested as of the date of such termination, during the remaining balance of the term of the Option (but not in any event before three years and ten days have elapsed from the date hereof or beyond the expiration of the term of the Option). (c) For purposes of this section, "Breach" means willful refusal of the Optionee to provide Services to the Company in accordance with the Services Agreement.