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

Termination of Status as an Employee. In the event of termination of Optionee's Continuous Status as an Employee, the Optionee may, but only within thirty (30) days after the date of such termination (but in no event later than the date of expiration of the term of this Option as set forth in Section 11 below), exercise this Option to the extent exercisable at the date of such termination. To the extent this Option was not exercisable at the date of such termination, or if the Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Lightspan Partnership Inc)

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Termination of Status as an Employee. In the event of termination of Optionee's Continuous Status continuous status as an EmployeeEmployee for any reason other than death or disability, the Optionee may, but only within thirty (30) days after the date of such termination (but in no event later than the date of expiration of the term of this Option as set forth in Section 11 below), exercise this Option to the extent exercisable that Optionee was entitled to exercise it at the date of such termination. To the extent that Optionee was not entitled to exercise this Option was not exercisable at the date of such termination, or if the Optionee does not exercise this Option within the time specified herein, the this Option shall terminate.

Appears in 1 contract

Samples: Employment Agreement (Samaritan Pharmaceuticals Inc)

Termination of Status as an Employee. In the event of termination of Optionee's Continuous Status If Optionee ceases to serve as an Employee, the Optionee he or she may, but only within thirty six (306) days months after the date of such termination cessation (but in no event later than the expiration date of expiration of the term of this Option as set forth in Section 11 belowthe Notice of Grant), exercise this Option to the extent exercisable that he or she was entitled to exercise it at the date of such terminationcessation. To the extent that he or she was not entitled to exercise this Option was not exercisable at as the date of such terminationcessation, or if the Optionee he or she does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Autodesk Inc)

Termination of Status as an Employee. In If the event of termination of Optionee's Continuous Status Optionee is an Employee and ceases to serve as an Employee, then the Optionee may, but only within thirty (30) days 3 months after the date of such termination (but in no event later than the date of expiration of the term of this Option as set forth in Section 11 below)Employee ceases to be an Employee, exercise this Option to the extent exercisable that the Employee was entitled to exercise it at the date of such terminationtermination pursuant to the Exercise Schedule. To the extent that the Optionee was not entitled to exercise this Option was not exercisable at the date of such termination, or if the Optionee Employee does not exercise this Option within the time specified herein, the this Option shall terminate.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Willamette Valley Vineyards Inc)

Termination of Status as an Employee. In the event of termination of Optionee's Continuous Status as an Employee, the Optionee he may, but only within thirty (30) days after the date of such termination (but in no event later than the date of expiration of the term of this Option as set forth in Section 11 12 below), exercise this Option to the extent exercisable 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 was not exercisable at the date of such termination, or if the Optionee he does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Finisar Corp)

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Termination of Status as an Employee. In the event of termination of Optionee's Continuous Status status as an Employeeemployee, the Optionee he may, but only within thirty one hundred-eighty (30180) days after the date of such termination (but in no event later than the date of expiration of the term of this Option as set forth in Section 11 below)termination, exercise this Option option to the extent exercisable that he was entitled to exercise it at the date of such termination. To the extent this Option that he was not exercisable entitled to exercise this option at the date of such termination, or if the Optionee he does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (American Multiplexer Corp)

Termination of Status as an Employee. In the event of termination of Optionee's Continuous Status as an Employee, the Optionee may, but only within thirty (30) days after the date of such termination (but in no event later than the date of expiration of the term of this Option as set forth in Section 11 9 below), exercise this Option to the extent exercisable the Option is vested at the date of such termination. To the extent this Option was not exercisable vested at the date of such termination, or if the Optionee does not exercise this Option to the extent vested within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Hewlett Packard Co)

Termination of Status as an Employee. In the event of termination of Optionee's Continuous Status as an Employee, the Optionee he may, but only within thirty (30) days after the date of such termination (but in no event later than the date of expiration of the term of this Option as set forth in Section 11 below), exercise this Option to the extent exercisable 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 was not exercisable at the date of such termination, or if the Optionee he does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Megatest Corp)

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