Termination of Status as an Employee. If the Optionee ceases to serve as an Employee for any reason other than death or for Cause (as defined in the Plan) and thereby terminates his status as an Employee, the Optionee shall have the right to exercise this Option at any time within ninety (90) days following the date of such termination, to the extent that the Optionee was entitled to exercise the Option at the date of such termination, but in no event after the expiration of the term of the Option set forth in Section 2 hereof. If the Optionee ceases to serve as an Employee due to death, this Option may be exercised at any time within one (1) year following the date of death by the Optionee's executor or administrator or the person or persons who shall have acquired the Option by bequest or inheritance but only to the extent the Optionee was entitled to exercise this option at the date of death. To the extent that the Optionee was not entitled to exercise the Option at the date of termination or death, or to the extent the Option is not exercised within the time specified herein, this Option shall terminate. Notwithstanding the foregoing, this Option shall not be exercisable after the expiration of the term set forth in Section 2 hereof. If the Optionee ceases to serve as an Employee due to termination of his employment by the Company for cause (as defined in the Plan), this Option shall cease to be exercisable ten (10) days following the date the notice of such termination is delivered to the Optionee.
Termination of Status as an Employee. If the Optionee ceases to serve as an employee, he may, but only within thirty (30) days after the date he ceased to be an Employee of the Company, exercise this Option to the extent that he was entitled to exercise it at the date of such termination. To the extent that he was not entitled to exercise this option at the date of such termination, or if he does not exercise this Option within the time specified herein, the Option shall terminate.
Termination of Status as an Employee. In the event of termination of Optionee’s “Continuous Status as an Employee” for any reason other than death or disability as provided in Sections 5 or 6 of this Agreement, Optionee may exercise this Option to the extent exercisable at the date of such termination until the earlier of (i) the date three (3) months after the date of such termination or (ii) the date of expiration of the term of this Option as set forth in Section 8 below. To the extent that Optionee was not entitled to exercise this Option at the date of such termination, or if Optionee does not exercise this Option within the time specified herein, this Option shall terminate.
Termination of Status as an Employee. If Optionee's employment is terminated by the Company for Cause at any time, Options granted hereunder (both unvested Options and vested but unexercised Options) shall immediately terminate. If Optionee's employment is terminated by the Company at any time for a reason other than for Cause, Options granted herewith (both invested Options and vested, but unexercised Options) shall be immediately exercisable for a period of three (3) months from the date of termination of employment. If Optionee voluntarily terminates his employment with the Company at any time, unvested Options shall immediately terminate and vested Options shall be immediately exercisable for a period of three (3) months from the date of termination of employment. For purposes of this Agreement, a termination shall be for Cause only if the Board of Directors of the Company shall determine that any one or more of the following has occurred:
Termination of Status as an Employee. If the Optionee is an Employee and ceases to serve as an Employee, then the Optionee may, but only within 3 months after the date the Employee ceases to be an Employee, exercise this Option to the extent that the Employee was entitled to exercise it at the date of such termination pursuant to the Exercise Schedule. To the extent that the Optionee was not entitled to exercise this Option at the date of such termination, or if the Employee does not exercise this Option within the time specified herein, this Option shall terminate.
Termination of Status as an Employee. If Optionee ceases to serve as an Employee or, if this Option has been granted under the Company’s Nonstatutory Stock Option Plan, Consultant, he or she may, but only within three (3) months after the date of such cessation, exercise this Option to the extent that he or she was entitled to exercise it at the date of such cessation. To the extent that he or she was not entitled to exercise this Option as the date of such cessation, or if he or she does not exercise this Option within the time specified herein, the Option shall terminate.
Termination of Status as an Employee. (i) Termination at Age 62 or Older Other than due to Cause,
Termination of Status as an Employee. In the event of termination of Optionee's Continuous Status as an employee, Optionee shall have only three months after such termination date (but not later than expiration of the option term) to exercise this Option and then the exercise can be only to the extent that Optionee was entitled to exercise it at the date of such termination (i.e. vested Options). To the extent that Optionee was not entitled to exercise this Option at the date of such termination, this Option shall terminate as to those "non-vested" Shares and the non-vested Shares, if any, shall be forfeited to the Plan. To the extent Optionee does not exercise this Option timely, then any unexercised option shares, if any, shall be forfeited to the Plan.
Termination of Status as an Employee. (i) GENERAL RULE Subject to Sections 6(ii) and 10 below, if you cease to serve as an Employee, you may, but only within ninety (90) days after the date you cease to be an Employee, exercise your option to the extent you were entitled to exercise it on the date of such termination. To the extent you was not entitled to exercise the option on the date of such termination and to the extent you do not exercise the exercisable portion of your option within the time specified herein, the option shall terminate.
Termination of Status as an Employee. (a) If the Optionee's Continuous Employment terminates for any reason other than death or Disability, the Optionee shall have the right to exercise the Option at any time within 30 days after the date of such termination to the extent that the Optionee was entitled to exercise the Option at the date of such termination (subject to any earlier termination of the Option as provided by its terms).
