Termination of Stock Options. The Option expires and shall not be exercised upon the fifth anniversary of the date of grant; provided that if any of the directorships are terminated under Section 5(b), Section 5(c), and Section (e), the Option shall terminate upon the expiration of the applicable time period following termination of service in accordance with the following:
Termination of Stock Options. Any unexercised portion of the Stock Options shall automatically and without notice terminate and become null and void at the time of the earliest to occur of the following:
Termination of Stock Options. No holder of Stock Options or other options, warrants, rights or agreements will have any right to receive any shares of capital stock of the Company or, if applicable, the Surviving Corporation, upon exercise of any such Stock Option or other option, warrant, right or agreement.
Termination of Stock Options. The Tejas Stock Options shall have been cancelled, and each employee whose stock options has been cancelled (with the exception of Tim deCamp) shall have executed a release substantially in the form ox XXXXXXX B hereto, in each case effective at or before the Closing Date.
Termination of Stock Options. On or prior to the Closing, the Shareholders shall cause the Company to terminate and cancel (i) all of the options and warrants to purchase the capital stock of the Company granted to any holder of such options and warrants, whether or not such options and warrants are exercisable and whether or not such options have vested under the Company's stock option plan or otherwise, (ii) the Company's stock option plan and all option agreements relating thereto, in accordance with applicable law prior to the Closing and (iii) with the exception of the Company Common Stock, any and all of the Company's other equity rights or interests held by any person.
Termination of Stock Options. In the event of a termination pursuant to this SECTION 5, any stock options, which have not vested, shall terminate.
Termination of Stock Options. The Company shall have satisfied in full its obligations under Section 6.10, and Parent shall have been furnished evidence of such satisfaction.
Termination of Stock Options. The persons listed on Schedule 9.13 shall have delivered to Seller consents to the termination of all options for Seller's Common Stock held by such persons in the form of Exhibit H hereto.
Termination of Stock Options. Unless otherwise terminated under this Agreement, a Grantee’s rights under this Agreement with respect to the Stock Options granted shall terminate at the time when such Stock Options are vested and exercised in accordance with the terms hereof.
Termination of Stock Options. Heinxxxxx xxxeby acknowledges and agrees that the stock options granted to him under the Option Agreement are hereby cancelled and terminated. In connection with the cancellation and termination of such stock options, the Company has delivered to Heinxxxxx x xheck in the amount of $3,000.00 (less all amounts required to be deducted from an employee's compensation pursuant to all applicable local, state and federal laws). The Company and Heinxxxxx xxxee that the payment made by the Company to Heinxxxxx xxxer this paragraph 3 is equal to the Option Excess Price for the Exercisable Option Shares calculated in accordance with the terms of the Stockholder's Agreement.
