Common use of Termination of Stock Options Clause in Contracts

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: (A) eighteen (18) months, if the directorship is terminated under Section 5(b); (B) twelve (12) months, if the directorship is terminated under Section 5(c); (D) three (3) months, if the directorship is terminated under Section 5(e).

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: (A) eighteen (18) monthsmonths after the date of termination, if the directorship is terminated under Section 5(b); (B) twelve (12) monthsmonths after the date of termination, if the directorship is terminated under Section 5(c); (DC) three (3) monthsmonths after the date of termination, if the directorship is terminated under Section 5(e).

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 directorship is terminated under Section 5(b), Section 5(c), and Section (e5(e), the Option shall terminate upon the expiration of the applicable time period following termination of service in accordance with the following: (A) eighteen (18) months, if the directorship is terminated under Section 5(b); (B) twelve (12) months, if the directorship is terminated under Section 5(c); (DB) three (3) months, if the directorship is terminated under Section 5(e).