Common use of VESTING OF OPTIONS AND RIGHTS Clause in Contracts

VESTING OF OPTIONS AND RIGHTS. Notwithstanding the vesting period provided for in any Company stock option plan and any related stock option agreements between the Company and Employee for stock options ("Options") and stock appreciation rights ("Rights") granted Employee by the Company, all Options (including without limitation the Option Shares) and Rights shall become immediately exercisable upon termination of employment. In addition, Employee will have the right to exercise all such Options and Rights for the shorter of (a) two years following his termination of employment or (b) with respect to each Option and Right, the remainder of the period of exercisability under the terms of the appropriate documents that grant such options.

VESTING OF OPTIONS AND RIGHTS. Notwithstanding the vesting period provided for in any Company stock option plan the Stock Option Plan and any related stock option agreements between the Company and Employee for stock options ("Optionsoptions") and stock appreciation rights ("Rightsrights") granted Employee by the Company, all Options (including without limitation the Option Shares) options and Rights stock appreciation rights shall become be immediately exercisable upon termination of employment. In addition, Employee will have the right to exercise all such Options options and Rights rights for the shorter of (a) two years six months following his termination of employment or (b) with respect to each Option and Rightoption, the remainder of the period of exercisability under the terms of the appropriate documents that grant such options.

VESTING OF OPTIONS AND RIGHTS. Notwithstanding the vesting period provided for in any Company stock option plan the Stock Incentive Plan and any related stock option agreements between the Company and Employee for stock options ("Optionsoptions") and stock appreciation rights ("Rightsrights") granted Employee by the Company, all Options (including without limitation the Option Shares) options and Rights stock appreciation rights shall become be immediately vested and exercisable upon termination of employment. In addition, Employee will have the right to exercise all such Options options and Rights rights for the shorter of (a) two years one year following his termination of employment or (b) with respect to each Option and Rightoption, the remainder of the period of exercisability under the terms of the appropriate documents that grant such options.