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 permanent and total disability (within the meaning of Section 22(e)(3) of the Code) and thereby terminates his Continuous Status as an Employee, the Optionee shall have the right to exercise this Option at any time within three months after the date of such termination to the extent that the Optionee was entitled to exercise this Option at the date of such termination. If the Optionee ceases to serve as an Employee due to death or permanent and total disability (within the meaning of Section 22(e)(3) of the Code), this Option may be exercised at any time within six months after the date of death or termination of employment due to disability, in the case of death, by the Optionee's estate or by a person who acquired the right to exercise this Option by bequest or inheritance, or, in the case of disability, by the Optionee, but in any case only to the extent the Optionee was entitled to exercise this Option at the date of such termination. To the extent that the Optionee was not entitled to exercise this Option at the date of termination, or to the extent 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 3 hereof.

Termination of Status as an Employee. If the Optionee ceases to serve as an Employee for any reason other than death death, Disability or permanent and total disability (within the meaning of Section 22(e)(3) of the Code) Termination for Cause, and thereby terminates his Continuous Status as an As An Employee, the Optionee shall have the right to exercise this Option at any time within three months 30 days after the date of such termination to the extent that the Optionee was entitled to exercise this Option at the date of such termination. If the Optionee ceases to serve as an Employee due to death or permanent and total disability (within the meaning of Section 22(e)(3) of the Code)Disability, this Option may be exercised at any time within six months after 180 days subsequent to the date of death or termination Disability of employment due to disabilitythe Optionee, in the case of death, by the Optionee's estate or by a person who acquired the right to exercise this Option by bequest or inheritance, or, in the case of disabilityDisability, by the Optionee, but in any case only to the extent the Optionee was entitled to exercise this Option at the date of such termination. If an Optionee's Continuous Status As An Employee terminates due to his Termination for Cause, this Option shall terminate as of the date of such Termination for Cause to the extent not exercised as of such date. To the extent that the Optionee was not entitled to exercise this Option at the date of termination, or to the extent 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 3 hereof.

Termination of Status as an Employee. If the Optionee ceases to serve as an Employee for any reason other than death or permanent and total disability (within the meaning of Section 22(e)(3) of the Code) and thereby terminates his Optionee’s Continuous Status as an Employee, the Optionee shall have the right to exercise this Option at any time within three months thirty (30) days after the date of such termination to the extent that the Optionee was entitled to exercise this Option at the date of such termination. If the Optionee ceases to serve as an Employee Employee, due to death or permanent and total disability (within the meaning of Section 22(e)(3) of the Code)disability, this Option may be exercised at any time within six (6) months after the date of death or termination of employment such status as an Employee due to disability, in the case of death, by the Optionee's ’s estate or by a person who acquired the right to exercise this Option by bequest or inheritance, or, in the case of disability, by the Optionee, but in any case only to the extent the Optionee was entitled to exercise this Option at the date of such termination. To the extent that the Optionee was not entitled to exercise this Option at the date of termination, or to the extent 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 3 paragraph 2 hereof.

Termination of Status as an Employee. If the Optionee ceases to serve as an Employee employee for any reason other than death death, Disability or permanent and total disability (within the meaning of Section 22(e)(3) of the Code) Termination for Cause, and thereby terminates his Continuous Status as an Employee, the Optionee shall have the right to exercise this Option at any time within three months 30 days after the date of such termination to the extent that the Optionee was entitled to exercise this Option at the date of such termination. If the Optionee ceases to serve as an Employee due to death or permanent and total disability (within the meaning of Section 22(e)(3) of the Code)Disability, this Option may be exercised at any time within six months after 180 days subsequent to the date of death or termination Disability of employment due to disabilitythe Optionee, in the case of death, by the Optionee's estate or by a person who acquired the right to exercise this Option by be bequest or inheritance, or, in the case of disability, or Disability by the Optionee, but in any case only to the extent the Optionee was entitled to exercise this Option at the date of such termination. If an Optionee's Continuous Status as an Employee terminates, due to his Termination for Cause, this Option shall terminate as of the date of such Termination for Cause to the extent not exercised as of such date. To the extent that the Optionee was not entitled to exercise this Option at the date of termination, or to the extent 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 3 hereof.

Termination of Status as an Employee. If Subject to the provisions of Section 7 hereof, if the Optionee ceases to serve as an Employee employee of the Company or its Subsidiaries for any reason other than death or permanent and total disability (within the meaning of Section 22(e)(3) of the Code) Disability and thereby terminates his Continuous Status status as an Employee, the Optionee shall have the right to exercise this Option at any time within the three months (3) month period after the date of such termination to the extent that the Optionee was entitled to exercise this the Option at the date of such termination, subject to extension at the discretion of the Committee. If the Optionee ceases to serve as an Employee employee due to death or permanent and total disability (within the meaning of Section 22(e)(3) of the Code)Disability, this Option option may be exercised at any time within six months one (1) year after the date of death or termination of employment due to disabilityDisability, in the case of death, by the Optionee's ’s estate or by a person who acquired the right to exercise this Option by bequest or inheritance, or, in the case of disabilityDisability, by the Optionee, but in any case only to the extent the Optionee was entitled to exercise this Option at the date of such termination. To the extent that the Optionee was not entitled to exercise this the Option at the date of termination, or to the extent this 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 3 2 hereof.

Termination of Status as an Employee. If the Optionee ceases to serve as ------------------------------------ an Employee for any reason other than death or permanent and total disability (within the meaning of Section 22(e)(3) of the Code) and thereby terminates his Optionee's Continuous Status as an Employee, the Optionee shall have the right to exercise this Option at any time within three months thirty (30) days after the date of such termination to the extent that the Optionee was entitled to exercise this Option at the date of such termination. If the Optionee ceases to serve as an Employee due to death or permanent and total disability (within the meaning of Section 22(e)(3) of the Code)disability, this Option may be exercised at any time within six (6) months after the date of death or termination of employment due to disability, in the case of death, by the Optionee's estate or by a person who acquired the right to exercise this Option by bequest or inheritance, or, in the case of disability, by the Optionee, but in any case only to the extent the Optionee was entitled to exercise this Option at the date of such termination. To the extent that the Optionee was not entitled to exercise this Option at the date of termination, or to the extent 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 3 2 hereof.

Termination of Status as an Employee. If the Optionee ceases to serve as an Employee for any reason other than death death, Disability or permanent and total disability (within the meaning of Section 22(e)(3) of the Code) Termination for Cause, and thereby terminates his Continuous Status as an As An Employee, the Optionee shall have the right to exercise this Option at any time within three months 30 days after the date of such termination to the extent that the Optionee was entitled to exercise this Option at the date of such termination. If the Optionee ceases to serve as an Employee due to death or permanent and total disability (within the meaning of Section 22(e)(3) of the Code)Disability, this Option may be exercised at any time within six months after 130 days subsequent to the date of death or termination Disability of employment due to disabilitythe Optionee, in the case of death, by the Optionee's estate or by a person who acquired the right to exercise this Option by bequest or inheritance, or, in the case of disabilityDisability, by the Optionee, but in any case only to the extent the Optionee was entitled to exercise this Option at the date of such termination. If an Optionee's Continuous Status As An Employee terminates due to his Termination for Cause, this Option shall terminate as of the date of such Termination for Cause to the extent not exercised as of such date. To the extent that the Optionee was not entitled to exercise this Option at the date of termination, or to the extent 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 3 hereof.

Termination of Status as an Employee. If the Optionee ceases to serve as an Employee of the Company for any reason other than death or permanent and total disability (within the meaning of Section 22(e)(3) of the Code) and thereby terminates his Optionee’s Continuous Status as an Employee, the Optionee shall have the right to exercise this Option at any time within three months thirty (30) days after the date of such termination to the extent that the Optionee was entitled to exercise this Option at the date of such termination. If the Optionee ceases to serve as an Employee due to death or permanent and total disability (within the meaning of Section 22(e)(3) of the Code)disability, this Option may be exercised at any time within six (6) months after the date of death or termination of employment due to disability, in the case of death, by the Optionee's ’s estate or by a person who acquired the right to exercise this Option by bequest or inheritance, or, in the case of disability, by the Optionee, but in any case only to the extent the Optionee was entitled to exercise this Option at the date of such termination. To the extent that the Optionee was not entitled to exercise this Option at the date of termination, or to the extent 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 3 2 hereof.