Common use of Termination of the Option Clause in Contracts

Termination of the Option. The Option shall terminate and may no longer be exercised on the first to occur of (a) the Option Term Date as defined above, or (b) upon the occurrence of an Acquisition Event as described in the Plan and to the extent provided therein.

Appears in 4 contracts

Samples: Executive Employment Agreement (Trimeris Inc), Executive Employment Agreement (Trimeris Inc), Incentive Stock Option Agreement (Trimeris Inc)

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Termination of the Option. The Option shall terminate and may no longer be exercised on the first to occur of (a) the Option Term Expiration Date as defined above, or (b) upon the occurrence a Transfer of an Acquisition Event as described in the Plan and Control to the extent provided thereinin Section 8.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Boatracs Inc /Ca/), Nonstatutory Stock Option Agreement (Boatracs Inc /Ca/)

Termination of the Option. The Option shall terminate and may no longer be exercised on the first to occur of (a) the Option Term Date as defined above, or above and (b) upon the occurrence a Transfer of an Acquisition Event Control as described in the Plan and to the extent provided thereinparagraph 8 below.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Liposcience Inc)

Termination of the Option. The Option shall terminate and may no longer be exercised on the first to occur of (a) the Option Term Date as defined aboveExpiration Date, or (b) upon the occurrence last date for exercising the Option following termination of an Acquisition Event the Optionee's Service as described in the Plan and Plan, or (c) a Change in Control to the extent provided thereinin the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Ask Jeeves Inc)

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Termination of the Option. The Option shall terminate and may no longer be exercised on the first to occur of (a) the Option Term Expiration Date as defined above, or (b) upon the occurrence of an Acquisition Event as described in the Plan and to the extent provided thereinin Section 8 or 9.

Appears in 1 contract

Samples: Stock Option Agreement (Ontro Inc)

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