Common use of Termination of Status as an Employee Clause in Contracts

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 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 one hundred and eighty (90180) 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 hundred and eighty (1180) year days 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 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 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 one hundred and eighty (90180) 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 hundred and eighty (1180) year days 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 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 one hundred and eighty (90180) 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 hundred and eighty (1180) year days 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.be

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) disability and thereby terminates his status Optionee’s Continuous Status as an Employee, the Optionee shall have the right to exercise this Option at any time within ninety thirty (9030) days following after the date of such termination, termination to the extent that the Optionee was entitled to exercise the this 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 deathdeath or disability, this Option may be exercised at any time within one six (16) year following months after the date of death or termination of employment due to disability, in the case of death, by the Optionee's executor ’s estate or administrator or the by a person or persons who shall have acquired the right to exercise this Option by bequest or inheritance inheritance, or, in the case of disability, by Optionee, but in any case only to the extent the Optionee was entitled to exercise this option Option at the date of deathsuch termination. To the extent that the Optionee was not entitled to exercise the this Option at the date of termination or deathtermination, or to the extent the this 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. (a) If the Optionee ceases to serve as an Employee Optionee's Continuous Employment terminates for any reason other than death or for Cause (as defined in the Plan) and thereby terminates his status as an EmployeeDisability, the Optionee shall have the right to exercise this the Option at any time within ninety (90) 30 days following after the date of such termination, 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 termination (subject to any earlier termination of the Option set forth in Section 2 hereof. as provided by its terms). (b) If the Optionee ceases to serve as an Employee Optionee's Continuous Employment terminates due to deaththe death or Disability of the Optionee, this the Option may be exercised at any time within one (1) year following 180 days after the date of death such termination, in the case of death, by the Optionee's executor estate or administrator or by a person who acquired the person or persons who shall have acquired right to exercise the Option by bequest or inheritance but inheritance, or, in the case of Disability, by the Optionee (subject to any earlier termination of the Option as provided by its terms). (c) If the Optionee's Continuous Employment terminates for cause, as determined in the Plan, Optionee's right to exercise any Option shall immediately cease upon such Termination For Cause. (d) Notwithstanding the foregoing regarding the exercise of the Option after the termination of Continuous Employment, the Option shall not be exercisable after the expiration of its term, as set forth in Section 2 herein, and the Option may be exercised only to the extent the Optionee was entitled to exercise this option at it on the date of deathOptionee's Continuous Employment with the Company terminated. 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.to