Common use of Termination Other Than for Cause Clause in Contracts

Termination Other Than for Cause. If the Participant’s Business Relationship with the Company is terminated, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments of this option shall become exercisable, and this option may no longer be exercised after the passage of three months from the date the Participant’s Business Relationship with the Company terminates, but in no event later than the scheduled expiration date. For purposes hereof, Participant’s Business Relationship with the Company shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company and if such written approval contractually obligates the Company to continue the Participant’s Business Relationship with the Company after the approved period of absence. In the event of such an approved leave of absence, vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise provided in the Company’s written approval of the leave of absence. This option shall not be affected by any change of Business Relationship within or among the Company and its Subsidiaries so long as the Participant continuously maintains his Business Relationship with the Company or any Subsidiary.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Citrix Systems Inc), Non Qualified Stock Option Agreement (Citrix Systems Inc), Non Qualified Stock Option Agreement (Citrix Systems Inc)

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Termination Other Than for Cause. If the Participant’s Optionee ceases to maintain a Business Relationship with the Company is terminatedCompany, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments of this option shall become exercisable, and this option shall expire (may no longer be exercised exercised) after the passage of three months from the date termination of the ParticipantOptionee’s Business Relationship with the Company terminatesRelationship, but in no event later than the scheduled expiration date. For purposes hereof, Participant’s a Business Relationship with the Company shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company and if such written approval contractually obligates the Company to continue the Participant’s Business Relationship with of the Company Optionee after the approved period of absence. In ; in the event of such an approved leave of absence, vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise provided in the Company’s written approval of the leave of absence. This option shall not be affected by any change in the type of Business Relationship the Optionee has within or among the Company and its Subsidiaries so long as the Participant Optionee continuously maintains his a Business Relationship with the Company or any Subsidiary.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement, Non Qualified Stock Option Agreement (Red Hat Inc), Non Qualified Stock Option Agreement (Red Hat Inc)

Termination Other Than for Cause. If the Participant’s Business Relationship with Employee ceases to be employed by the Company is terminatedCompany, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments of this option shall become exercisable, and this option may no longer be exercised after the passage of three months from the date the Participant’s Business Relationship with the Company terminatesEmployee's last day of employment, but in no event later than the scheduled expiration date. For purposes hereof, Participant’s Business Relationship with the Company employment shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company and if such written approval contractually obligates the Company to continue the Participant’s Business Relationship with employment of the Company Employee after the approved period of absence. In ; in the event of such an approved leave of absence, vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise provided in the Company’s 's written approval of the leave of absence. For purposes hereof, employment shall include a consulting arrangement between the Employee and the Company that immediately follows termination of employment, but only if so stated in a written consulting agreement executed by the Company that specifically refers to this option. This option shall not be affected by any change of Business Relationship employment within or among the Company and its Subsidiaries so long as the Participant Employee continuously maintains his Business Relationship with remains an employee of the Company or any Subsidiary.

Appears in 3 contracts

Samples: Stock Option Agreement (Matrixone Inc), Incentive Stock Option Agreement (Learningstar Inc), Incentive Stock Option Agreement (Smarterkids Com Inc)

Termination Other Than for Cause. If the Participant’s Business Relationship with Employee ceases to be employed by the Company is terminatedCompany, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments of this option shall become exercisable, and this option may no longer be exercised after the passage of three months from the date the ParticipantEmployee’s Business Relationship with the Company terminateslast day of employment, but in no event later than the scheduled expiration date. For purposes hereof, Participant’s Business Relationship with the Company employment shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company and if such written approval contractually obligates the Company to continue the Participant’s Business Relationship with employment of the Company Employee after the approved period of absence. In ; in the event of such an approved leave of absence, vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise provided in the Company’s written approval of the leave of absence. For purposes hereof, employment shall include a consulting arrangement between the Employee and the Company that immediately follows termination of employment, but only if so stated in a written consulting agreement executed by the Company that specifically refers to this option. This option shall not be affected by any change of Business Relationship employment within or among the Company and its Subsidiaries so long as the Participant Employee continuously maintains his Business Relationship with remains an employee of the Company or any Subsidiary.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Rib X Pharmaceuticals Inc), Incentive Stock Option Agreement (Citrix Systems Inc), Incentive Stock Option Agreement (Citrix Systems Inc)

Termination Other Than for Cause. If the Participant’s Business Relationship with Employee ceases to be employed by the Company is terminatedCompany, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments of this option shall become exercisable, and this option shall expire (may no longer be exercised exercised) after the passage of three months from the date the ParticipantEmployee’s Business Relationship with the Company terminateslast day of employment, but in no event later than the scheduled expiration date. For purposes hereof, Participant’s Business Relationship with the Company hereof employment shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company and if such written approval contractually obligates the Company to continue the Participant’s Business Relationship with employment of the Company Employee after the approved period of absence. In ; in the event of such an approved leave of absence, absence vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise provided in the Company’s written approval of the leave of absence. For purposes hereof, employment shall include a consulting arrangement between the Employee and the Company that immediately follows termination of employment, but only if so stated in a written consulting agreement executed by the Company that specifically refers to this option. This option shall not be affected by any change of Business Relationship employment within or among the Company and its Subsidiaries so long as the Participant Employee continuously maintains his Business Relationship with remains an employee of the Company or any SubsidiarySubsidiary (as defined in the Plan).

Appears in 2 contracts

Samples: Incentive Stock Option Agreement, Incentive Stock Option Agreement (Red Hat Inc)

Termination Other Than for Cause. If the Participant’s Business Relationship with Employee ceases to be employed by the Company is terminatedCompany, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments vesting of Unvested Shares shall immediately cease, this option shall become exercisable, may be exercised only as to any Option Shares that are Vested Shares on the date of termination of the Employee’s employment and this option may no longer be exercised only on or prior to the date which is three months after the passage date of three months from termination of the date the ParticipantEmployee’s Business Relationship with the Company terminates, employment (but in no event not later than the scheduled expiration date). In the event of termination of employment, the Repurchase Option described in Section 6 shall also be applicable. For purposes hereof, Participant’s Business Relationship with the Company employment shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company and if such written approval contractually obligates the Company to continue the Participant’s Business Relationship with employment of the Company Employee after the approved period of absence. In ; in the event of such an approved leave of absence, vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise provided in the Company’s written approval of the leave of absence. For purposes hereof, employment shall include a consulting arrangement between the Employee and the Company that immediately follows termination of employment, but only if so stated in a written consulting agreement executed by the Company that specifically refers to this option. This option shall not be affected by any change of Business Relationship employment within or among the Company and its Subsidiaries so long as the Participant Employee continuously maintains his Business Relationship with remains an employee of the Company or any Subsidiary.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (SALARY.COM, Inc), Stock Option Agreement (SALARY.COM, Inc)

Termination Other Than for Cause. If the Participant’s Business Relationship with Employee ceases to be employed by the Company is terminatedCompany, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments of this option shall become exercisable, and this option may no longer be exercised after the passage of three months 90 days from the date the ParticipantEmployee’s Business Relationship with the Company terminateslast day of employment, but in no event later than the scheduled expiration date. For purposes hereof, Participant’s Business Relationship with the Company employment shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company and if such written approval contractually obligates the Company to continue the Participant’s Business Relationship with employment of the Company Employee after the approved period of absence. In ; in the event of such an approved leave of absence, vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise provided in the Company’s written approval of the leave of absence. For purposes hereof, employment shall include a consulting arrangement between the Employee and the Company that immediately follows termination of employment, but only if so stated in a written consulting agreement executed by the Company that specifically refers to this option. This option shall not be affected by any change of Business Relationship employment within or among the Company and its Subsidiaries so long as the Participant Employee continuously maintains his Business Relationship with remains an employee of the Company or any Subsidiary.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (BG Medicine, Inc.), Incentive Stock Option Agreement (BG Medicine, Inc.)

Termination Other Than for Cause. If the Participant’s Business Relationship with Employee ceases to be employed by the Company is terminatedCompany, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments vesting of Unvested Shares shall immediately cease, this option shall become exercisable, may be exercised only as to any Option Shares that are Vested Shares on the date of termination of the Employee’s employment and this option may no longer be exercised only on or prior to the date which is three months after the passage date of three months from termination of the date the ParticipantEmployee’s Business Relationship with the Company terminates, employment (but in no event not later than the scheduled expiration date) . In the event of termination of employment, the Repurchase Option described in Section 6 shall also be applicable. For purposes hereof, Participant’s Business Relationship with the Company employment shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company and if such written approval contractually obligates the Company to continue the Participant’s Business Relationship with employment of the Company Employee after the approved period of absence. In ; in the event of such an approved leave of absence, vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise provided in the Company’s written approval of the leave of absence. For purposes hereof, employment shall include a consulting arrangement between the Employee and the Company that immediately follows termination of employment, but only if so stated in a written consulting agreement executed by the Company that specifically refers to this option. This option shall not be affected by any change of Business Relationship employment within or among the Company and its Subsidiaries so long as the Participant Employee continuously maintains his Business Relationship with remains an employee of the Company or any Subsidiary.

Appears in 2 contracts

Samples: Employee Non Qualified Stock Option Agreement, Employee Non Qualified Stock Option Agreement (Rib X Pharmaceuticals Inc)

Termination Other Than for Cause. If the Participant’s Business Relationship with Employee ceases to be employed by the Company is terminatedCompany, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments of this option shall become exercisable, and this option shall expire (may no longer be exercised exercised) after the passage of three months from the date the ParticipantEmployee’s Business Relationship with the Company terminateslast day of employment, but in no event later than the scheduled expiration date. For purposes hereof, Participant’s Business Relationship with the Company employment shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company and if such written approval contractually obligates the Company to continue the Participant’s Business Relationship with employment of the Company Employee after the approved period of absence. In ; in the event of such an approved leave of absence, vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise provided in the Company’s written approval of the leave of absence. For purposes hereof, employment shall include a consulting arrangement between the Employee and the Company that immediately follows termination of employment, but only if so stated in a written consuling agreement executed by the Company that specifically refers to this option. This option shall not be affected by any change of Business Relationship employment within or among the Company and its Subsidiaries so long as the Participant Employee continuously maintains his Business Relationship with remains an employee of the Company or any SubsidiarySubsidiary (as defined in the Plan).

Appears in 1 contract

Samples: Stock Option Agreement (Red Hat Inc)

Termination Other Than for Cause. If the Participant’s Business Relationship with Employee ceases to be employed by the Company is terminatedCompany, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments of this option shall become exercisable, and this option shall expire (may no longer be exercised exercised) after the passage of three months from the date the ParticipantEmployee’s Business Relationship with the Company terminateslast day of employment, but in no event later than the scheduled expiration dateExpiration Date. For purposes hereof, Participant’s Business Relationship with the Company employment shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company and if such written approval contractually obligates the Company to continue the Participant’s Business Relationship with employment of the Company Employee after the approved period of absence. In ; in the event of such an approved leave of absence, vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise provided in the Company’s written approval of the leave of absence. For purposes hereof, employment shall include a consulting arrangement between the Employee and the Company that immediately follows termination of employment, but only if so stated in a written consulting agreement executed by the Company that specifically refers to this option. This option shall not be affected by any change of Business Relationship employment within or among the Company and its Subsidiaries so long as the Participant Employee continuously maintains his Business Relationship with remains an employee of the Company or any Subsidiary.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Acell Inc)

Termination Other Than for Cause. If the Participant’s Business Relationship with Employee ceases to be employed by the Company is terminatedCompany, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments of this option shall become exercisable, and this option shall expire (may no longer be exercised exercised) after the passage of three months from the date the ParticipantEmployee’s Business Relationship with the Company terminateslast day of employment, but in no event later than the scheduled expiration date. For purposes hereof, Participant’s Business Relationship with the Company employment shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company and if such written approval contractually obligates the Company to continue the Participant’s Business Relationship with employment of the Company Employee after the approved period of absence. In ; in the event of such an approved leave of absence, vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise provided in the Company’s written approval of the leave of absence. For purposes hereof, employment shall include a consulting arrangement between the Employee and the Company that immediately follows termination of employment, but only if so stated in a written consulting agreement executed by the Company that specifically refers to this option. This option shall not be affected by any change of Business Relationship employment within or among the Company and its Subsidiaries so long as the Participant Employee continuously maintains his Business Relationship with remains an employee of the Company or any Subsidiary.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Netscout Systems Inc)

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Termination Other Than for Cause. If the Participant’s Business Relationship Optionee ceases to be engaged in a business relationship with the Company is terminatedCompany, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments of this option shall become exercisable, and this option may no longer be exercised after the passage of three months from the date Optionee's last day of the Participant’s Business Relationship with the Company terminatesbusiness relationship, but in no event later than the scheduled expiration date. For purposes hereof, Participant’s Business Relationship with if the Company optionee is a natural person, the business relationship shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company and if such written approval contractually obligates the Company to continue the Participant’s Business Relationship business relationship with the Company Optionee after the approved period of absence. In ; in the event of such an approved leave of absence, vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise provided in the Company’s 's written approval of the leave of absence. For purposes hereof, business relationship shall include a consulting arrangement between the Optionee and the Company that immediately follows termination of employment, but only if so stated in a written consulting agreement executed by the Company that specifically refers to this option. This option shall not be affected by any change of Business Relationship employment within or among the Company and its Subsidiaries so long as the Participant Optionee continuously maintains his Business Relationship a business relationship with the Company or any Subsidiary.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Transwitch Corp /De)

Termination Other Than for Cause. If the Participant’s Business Relationship with Optionee ceases to be a employee of the Company is terminatedCompany, other than by reason of death or disability as defined in Section 5 hereof or termination for For Cause as defined in Section 4(c)11 of the Plan, no further installments this option may thereafter be exercised, to the extent it was vested and exercisable on the date of such termination, until the occurrence of the earlier of either (i) thirty (30) days following such termination; or (ii) expiration of the this option in accordance with Section 7(c) of the Plan. Any portion of this option that is not vested on the Optionee’s last day of service shall become exercisable, immediately expire and this option may be null and void and shall no longer be exercised after the passage of three months from the date the Participant’s Business Relationship with the Company terminates, but in no event later than the scheduled expiration dateexercisable or exercised. For purposes hereof, Participant’s Business Relationship with the Company service shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company and if such written approval contractually obligates the Company to continue the Participant’s Business Relationship with service of the Company Optionee after the approved period of absence. In ; in the event of such an approved leave of absence, vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise provided in the Company’s written approval of the leave of absence. For purposes hereof, service shall include a consulting arrangement between the Optionee and the Company that immediately follows termination of service, but only if so stated in a written consulting agreement executed by the Company that specifically refers to this option. This option shall not be affected by any change of Business Relationship Service within or among the Company and its Subsidiaries so long as the Participant Optionee continuously maintains his Business Relationship with remains an employee of the Company or any Subsidiary.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Presstek Inc /De/)

Termination Other Than for Cause. If the Participant’s Business Relationship with Employee ceases to be employed by the Company is terminatedCompany, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments of this option shall become exercisable, and this option may no longer be exercised after the passage of three months thirty days from the date the ParticipantEmployee’s Business Relationship with the Company terminateslast day of employment, but in no event later than the scheduled expiration date. For purposes hereof, Participant’s Business Relationship with the Company employment shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company and if such written approval contractually obligates the Company to continue the Participant’s Business Relationship with employment of the Company Employee after the approved period of absence. In ; in the event of such an approved leave of absence, vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise provided in the Company’s written approval of the leave of absence. For purposes hereof, employment shall include a consulting arrangement between the Employee and the Company that immediately follows termination of employment, but only if so stated in a written consulting agreement executed by the Company that specifically refers to this option. This option shall not be affected by any change of Business Relationship employment within or among the Company and its Subsidiaries so long as the Participant Employee continuously maintains his Business Relationship with remains an employee of the Company or any Subsidiary.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Homeowners Choice, Inc.)

Termination Other Than for Cause. If the Participant’s Optionee's Business Relationship with the Company and all Related Corporations is terminated, other than by reason of death death, disability or disability dissolution as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments of this option shall become exercisable, and this option may no longer be exercised after exercised, to the passage extent otherwise exercisable on the last day of the Business Relationship, for a period of three months from the date the Participant’s Business Relationship with the Company terminatesceases, but in no event later than the scheduled expiration date. In such a case, the Optionee's only rights hereunder shall be those which are properly exercised before the termination of this option. For purposes hereof, Participant’s the Business Relationship with the Company shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company and if such written approval contractually obligates the Company to continue the Participant’s a Business Relationship with the Company Optionee after the approved period of absence. In ; in the event of such an approved leave of absence, vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise provided in the Company’s 's written approval of the leave of absence. This option shall not be affected by any change of Business Relationship within or among the Company and its Subsidiaries so long as the Participant continuously maintains his Business Relationship with the Company or any Subsidiary.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Equallogic Inc)

Termination Other Than for Cause. If the Participant’s Optionee ceases to maintain a Business Relationship with the Company is terminatedCompany, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments of this option shall become exercisable, and this option shall expire (may no longer be exercised exercised) after the passage of three months from the date termination of the ParticipantOptionee’s Business Relationship with the Company terminatesRelationship, but in no event later than the scheduled expiration date. For purposes hereof, Participant’s a Business Relationship with the Company shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company and if such written approval contractually obligates the Company to continue the Participant’s Business Relationship with of the Company Optionee after the approved period of absence. In ; in the event of such an approved leave of absence, vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise provided in the Company’s written approval of the leave of absence. This option shall not be affected by any change in the type of Business Relationship the Optionee has within or among the Company and its Subsidiaries so long as the Participant Optionee continuously maintains his a Business Relationship with the Company or any SubsidiarySubsidiary (as defined in the Plan).

Appears in 1 contract

Samples: Nonstatutory (Non Qualified) Stock Option Agreement (Exact Sciences Corp)

Termination Other Than for Cause. If the Participant’s Business Relationship with Employee ceases to be employed by the Company is terminatedCompany, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments of this option shall become exercisable, and this option shall expire (may no longer be exercised exercised) after the passage of three months from the date the ParticipantEmployee’s Business Relationship with the Company terminateslast day of employment, but in no event later than the scheduled expiration date. For purposes hereof, Participant’s Business Relationship with the Company employment shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company and if such written approval contractually obligates the Company to continue the Participant’s Business Relationship with employment of the Company Employee after the approved period of absence. In ; in the event of such an approved leave of absence, vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise provided in the Company’s written approval of the leave of absence. For purposes hereof, employment shall include a consulting arrangement between the Employee and the Company that immediately follows termination of employment, but only if so stated in a written consulting agreement executed by the Company that specifically refers to this option. This option shall not be affected by any change of Business Relationship employment within or among the Company and its Subsidiaries so long as the Participant Employee continuously maintains his Business Relationship with remains an employee of the Company or any SubsidiarySubsidiary (as defined in the Plan).

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Red Hat Inc)

Termination Other Than for Cause. If the Participant’s Business Relationship with Employee ceases to be employed by the Company is terminatedCompany, other than by reason of death or disability as defined in Section 5 or termination for Cause as defined in Section 4(c), no further installments any portion of this option that is not exercisable on the date of termination shall become exercisableterminate immediately and be of no further force or effect. This option may be exercised only to the extent exercisable on the date of termination of the Employee's employment, and this option may no longer be exercised only on or prior to the earlier of the date that (i) is three months after the passage date of three months from termination of the date the Participant’s Business Relationship with the Company terminates, Employee's employment (but in no event not later than the scheduled expiration date) and (ii) the Commencement Date of any Competitive Activity (as such terms are defined in Section 6(a)) by the Employee. In the event of termination of employment, the Competitive Activity Repurchase Option described in Section 6(a) shall be applicable. For purposes hereof, Participant’s Business Relationship with the Company employment shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company and if such written approval contractually obligates the Company to continue the Participant’s Business Relationship with employment of the Company Employee after the approved period of absence. In ; in the event of such an approved leave of absence, vesting of this option shall be suspended (and the period of the leave of absence shall be added to all vesting dates) unless otherwise provided in the Company’s 's written approval of the leave of absence. For purposes hereof, employment shall include a consulting arrangement between the Employee and the Company that immediately follows termination of employment, but only if so stated in a written consulting agreement executed by the Company that specifically refers to this option. This option shall not be affected by any change of Business Relationship employment within or among the Company and its Subsidiaries so long as the Participant Employee continuously maintains his Business Relationship with remains an employee of the Company or any Subsidiary.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Insulet Corp)

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