Common use of VESTING OF OPTIONS AND RIGHTS Clause in Contracts

VESTING OF OPTIONS AND RIGHTS. Notwithstanding the vesting period set forth in the Stock Incentive Plan and any related stock option agreements between the Company and Employee for stock options granted Employee by the Company, all stock options shall be vested and immediately exercisable upon termination of Employee’s employment by the Company without Cause, by Employee for Good Reason, or by reason of death or Disability. In addition, Employee will have the right to exercise all such options for a period of two (2) years following such termination.

VESTING OF OPTIONS AND RIGHTS. Notwithstanding the vesting period set forth in this Agreement, the Stock Incentive Plan and any related stock option agreements between the Company and Employee for stock options granted Employee by the Company, all stock options shall be vested and immediately exercisable upon termination of Employee’s employment by the Company without Cause, by Employee for Good Reason, or by reason of death or Disability. In addition, Employee will have the right to exercise all such options for a period of two (2) years following such termination.

VESTING OF OPTIONS AND RIGHTS. Notwithstanding the vesting period set forth in the Stock Incentive Plan and any related stock option agreements between the Company and Employee for stock options granted Employee by the Company, all stock options shall be vested and immediately exercisable upon termination of Employee’s employment by the Company without Cause, by Employee for Good Reason, or by reason of death or Disability. In addition, Employee will have the right to exercise all such options for a period of two three (23) years months following such termination.