Common use of Termination of the Option Clause in Contracts

Termination of the Option. If the Optionee ceases to be an employee of the Participating Company Group for any reason except death or Disability, the Option, to the extent unexercised and exercisable by the Optionee on the date on which the Optionee ceased to be an employee, may be exercised by the Optionee within three (3) months after the date on which the Optionee’s employment terminates, but in any event no later than the Option Term Date. If the Optionee’s employment with the Participating Company Group is terminated because of the death or Disability of the Optionee, the Option, to the extent unexercised and exercisable by the Optionee on the date on which the Optionee ceased to be an employee, may be exercised by the Optionee (or the Optionee’s legal representative) at any time prior to the expiration of twelve (12) months from the date the Optionee’s employment terminated, but in any event no later than the Option Term Date. The Optionee’s employment shall be deemed to have terminated on account of death if the Optionee dies within three (3) months after the Optionee’s termination of employment. This paragraph shall be interpreted such that the Option ceases to vest on the date on which the Optionee ceases to be an employee of the Participating Company Group (pursuant to this paragraph 7) for any reason, notwithstanding any period after such cessation of employment during which the Option may remain exercisable as provided in this paragraph 7.

Termination of the Option. If the Optionee ceases to be an employee of the Participating Company Group for any reason except death or Disability, the Option, to the extent unexercised and exercisable by the Optionee on the date on which the Optionee ceased to be an employee, may be exercised by the Optionee within three (3) months after the date on which the Optionee’s employment terminates, but in any event no later than the Option Term Date. If the Optionee’s employment with the Participating Company Group is terminated because of the death or Disability of the Optionee, the Option, to the extent unexercised and exercisable by the Optionee on the date on which the Optionee ceased to be an employee, may be exercised by the Optionee (or the Optionee’s legal representative) at any time prior to the expiration of twelve (12) months from the date the Optionee’s employment terminated, but in any event no later than the Option Term Date. The Optionee’s employment shall be deemed to have terminated on account of death if the Optionee dies within three (3) months after the Optionee’s termination of employment. This paragraph Paragraph shall be interpreted such that the Option ceases to vest on the date on which the Optionee ceases to be an employee of the Participating Company Group (pursuant to this paragraph Paragraph 7) for any reason, notwithstanding any period after such cessation of employment during which the Option may remain exercisable as provided in this paragraph Paragraph 7.

Termination of the Option. If the Optionee ceases to be an employee of ------------------------- the Participating Company Group for any reason except death or Disability, the Option, to the extent unexercised and exercisable by the Optionee on the date on which the Optionee ceased to be an employee, may be exercised by the Optionee within three (3) months after the date on which the Optionee’s 's employment terminates, but in any event no later than the Option Term Date. If the Optionee’s 's employment with the Participating Company Group is terminated because of the death or Disability of the Optionee, the Option, to the extent unexercised and exercisable by the Optionee on the date on which the Optionee ceased to be an employee, may be exercised by the Optionee (or the Optionee’s 's legal representative) at any time prior to the expiration of twelve (12) months from the date the Optionee’s 's employment terminated, but in any event no later than the Option Term Date. The Optionee’s 's employment shall be deemed to have terminated on account of death if the Optionee dies within three (3) months after the Optionee’s 's termination of employment. This paragraph shall be interpreted such that the Option ceases to vest on the date on which the Optionee ceases to be an employee of the Participating Company Group (pursuant to this paragraph 7) for any reason, notwithstanding any period after such cessation of employment during which the Option may remain exercisable as provided in this paragraph 7.

Termination of the Option. If Except as otherwise provided in the Plan, if the Optionee ceases to be an employee of the Participating Company Group for any reason except death or Disability, the Option, to the extent unexercised and exercisable by the Optionee on the date on which the Optionee ceased to be an employee, may be exercised by the Optionee within three (3) months after the date on which the Optionee’s employment terminates, but in any event no later than the Option Term Date. If the Optionee’s employment with the Participating Company Group is terminated because of the death or Disability of the Optionee, the Option, to the extent unexercised and exercisable by the Optionee on the date on which the Optionee ceased to be an employee, may be exercised by the Optionee (or the Optionee’s legal representative) at any time prior to the expiration of twelve (12) months from the date the Optionee’s employment terminated, but in any event no later than the Option Term Date. The Optionee’s employment shall be deemed to have terminated on account of death if the Optionee dies within three (3) months after the Optionee’s termination of employment. This paragraph Paragraph shall be interpreted such that the Option ceases to vest on the date on which the Optionee ceases to be an employee of the Participating Company Group (pursuant to this paragraph Paragraph 7) for any reason, notwithstanding any period after such cessation of employment during which the Option may remain exercisable as provided in this paragraph Paragraph 7.

Termination of the Option. If the Optionee ceases to be an employee of the Participating Company Group for any reason except death or Disability, the Option, to the extent unexercised and exercisable by the Optionee on the date on which the Optionee ceased to be an employee, may be exercised by the Optionee within until the earlier of (i) three (3) months after the date on which the Optionee’s employment terminates, but in any event no later than terminates or (ii) the Option Term Date. Notwithstanding the foregoing, if the Optionee’s employment with the Company is terminated for cause (as determined in the sole discretion of the Board unless cause is defined in an employment agreement between the Optionee and the Company in which case such definition shall be used), the Option may not be exercised after the date on which the Optionee’s employment terminates. If the Optionee’s employment with the Participating Company Group is terminated because of the death or Disability of the Optionee, the Option, to the extent unexercised and exercisable by the Optionee on the date on which the Optionee ceased to be an employee, may be exercised by the Optionee (or the Optionee’s legal representative) at any time prior to until the earlier of (i) the expiration of twelve (12) months from the date the Optionee’s employment terminated, but in any event no later than terminated or (ii) the Option Term Date. The Optionee’s employment shall be deemed to have terminated on account of death if the Optionee dies within three (3) months after the Optionee’s termination of employment. This paragraph shall be interpreted such that the Option ceases shall not become exercisable as to vest on any additional number of Option Shares after the date on which the Optionee ceases to be an employee of the Participating Company Group (pursuant to this paragraph 7paragraph) for any reason, notwithstanding any period after such cessation of employment during which the Option may remain exercisable as provided in this paragraph 7paragraph.

Termination of the Option. If the Optionee ceases to be an employee of the Participating Company Group for any reason except death or Disability, the OptionOption may be exercised by the Optionee, to the extent unexercised and exercisable by the Optionee on the date on which the Optionee ceased to be an employeeemployee (or, may be exercised by to the extent unexercised and vested if the Optionee is, on the Date of Option Grant, subject to Section 16 of the Exchange Act and the Optionee ceases to be an employee within six (6) months following the Date of Option Grant), within three (3) months after the date on which the Optionee’s employment terminates, but in any event no later than the Option Term Date; provided, however, that the Option shall not be exercisable after the date the Optionee’s employment with the Participating Company Group is terminated for cause (as determined in the sole discretion of the Board). If the Optionee’s employment with the Participating Company Group is terminated because of the death or Disability of the Optionee, the OptionOption may be exercised by the Optionee (or the Optionee’s legal representative), to the extent unexercised and exercisable by the Optionee on the date on which the Optionee ceased to be an employeeemployee (or, may be exercised by to the extent unexercised and vested if the Optionee is, on the Date of Option Grant, subject to Section 16 of the Exchange Act and the Optionee ceases to be an employee within six (or 6) months following the Optionee’s legal representative) Date of Option Grant), at any time prior to the expiration of twelve (12) months from the date the Optionee’s employment terminated, but in any event no later than the Option Term Date. The Optionee’s employment shall be deemed to have terminated on account of death if the Optionee dies within three (3) months after the Optionee’s termination of employment. This paragraph shall be interpreted such that the Option ceases to vest on the date on which the Optionee ceases to be an employee of the Participating Company Group (pursuant to this paragraph 7) for any reason, notwithstanding any period after such cessation of employment during which the Option may remain exercisable as provided in this paragraph 7.

Termination of the Option. If the Optionee ceases to be an employee of the Participating Company Group for any reason except death or Disability, the OptionOption may be exercised by the Optionee, to the extent unexercised and exercisable by the Optionee on the date on which the Optionee ceased to be an employeeemployee (or, may be exercised by to the extent unexercised and vested if the Optionee is, on the Date of Option Grant, subject to Section 16 of the Exchange Act and the Optionee ceases to be an employee within six (6) months following the Date of Option Grant), within three (3) months after the date on which the Optionee’s 's employment terminates, but in any event no later than the Option Term Date; provided, however, that the Option shall not be exercisable after the date the Optionee's employment with the Participating Company Group is terminated for cause (as determined in the sole discretion of the Board). If the Optionee’s 's employment with the Participating Company Group is terminated because of the death or Disability of the Optionee, the OptionOption may be exercised by the Optionee (or the Optionee's legal representative), to the extent unexercised and exercisable by the Optionee on the date on which the Optionee ceased to be an employeeemployee (or, may be exercised by to the extent unexercised and vested if the Optionee is, on the Date of Option Grant, subject to Section 16 of the Exchange Act and the Optionee ceases to be an employee within six (or 6) months following the Optionee’s legal representative) Date of Option Grant), at any time prior to the expiration of twelve (12) months from the date the Optionee’s 's employment terminated, but in any event no later than the Option Term Date. The Optionee’s 's employment shall be deemed to have terminated on account of death if the Optionee dies within three (3) months after the Optionee’s 's termination of employment. This paragraph shall be interpreted such that the Option ceases to vest on the date on which the Optionee ceases to be an employee of the Participating Company Group (pursuant to this paragraph 7) for any reason, notwithstanding any period after such cessation of employment during which the Option may remain exercisable as provided in this paragraph 7.