Common use of Termination other than Upon Disability or Death or for Cause Clause in Contracts

Termination other than Upon Disability or Death or for Cause. In the event of termination of an Optionee’s Continuous Service Status other than under the circumstances set forth in the subsections (3) through (5) below, such Optionee may exercise any outstanding Option at any time within 3 months following such termination to the extent the Optionee is vested in the Optioned Stock on the date of such termination.

Appears in 4 contracts

Samples: Share Transfer and Exchange Agreement (IBEX Holdings LTD), Share Transfer and Exchange Agreement (IBEX Holdings LTD), Share Transfer and Exchange Agreement (IBEX Holdings LTD)

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Termination other than Upon Disability or Death or for Cause. In the event of termination of an Optionee’s Continuous Service Status other than under the circumstances set forth in the subsections (3) through (5) below, such Optionee may exercise any outstanding Option at any time within 3 months 12 month(s) following such termination to the extent the Optionee is vested in the Optioned Stock on as of the date of such terminationtermination or to any greater extent as determined by the Administrator.

Appears in 1 contract

Samples: Securities Purchase Agreement (Cortex Pharmaceuticals Inc/De/)

Termination other than Upon Disability or Death or for Cause. In the event of termination of an Optionee’s Continuous Service Status other than under the circumstances set forth in the subsections (3) through (5) below, such Optionee may exercise any outstanding Option at any time within 3 months month(s) following such termination to the extent the Optionee is vested in the Optioned Stock on the date of such terminationStock.

Appears in 1 contract

Samples: Stock Option Plan

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Termination other than Upon Disability or Death or for Cause. In the event of termination of an Optionee’s Continuous Service Status other than under the circumstances set forth in the subsections (3) through (5) below, such Optionee may exercise any outstanding Option at any time within 3 months [3] month(s) following such termination to the extent the Optionee is vested in the Optioned Stock on the date of such terminationStock.

Appears in 1 contract

Samples: Stock Plan

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