Termination upon Expiration of Employment Agreement. As of the date of any termination of Optionee’s Service with the Company at the time of, or subsequent to, the expiration of the Employment Agreement by lapse of time and for no other reason, then any previously vested but unexercised portion of any Option shall remain exercisable from the date of such termination of employment until the second anniversary of such termination date, but in no event later than ten (10) years following the Grant Date.
Appears in 5 contracts
Samples: Employment Agreement (Acacia Diversified Holdings, Inc.), Employment Agreement (Acacia Diversified Holdings, Inc.), Inducement Stock Option Agreement (Autobytel Inc)
