Stock Options. Any unvested stock options held by the Employee which were granted prior to November 2015 shall become fully vested upon the Separation Date and, along with any vested but unexercised options from such grants, shall expire 5 years after the Separation Date or on the original expiration date of the grant, whichever date occurs first. All stock options granted in November 2015 shall become fully vested upon the Separation Date and be exercisable until December 31, 2019.
All unvested stock options shall be forfeited as of the Separation Date. All outstanding vested stock options shall remain exercisable until the earlier of # twelve (12) months following the Separation Date and # the expiration date set forth in the applicable award agreement.
With respect to any stock options granted to you under any of the Company’s equity plans as in effect from time to time: # all stock options that have not vested as of the termination of your employment (your “Separation Date”), but that would have vested on or before the end of # the Contract Period and # the eighteen (18)-month period beginning on your Separation Date, whichever is later, shall become fully vested on the later of your Separation Date or upon receipt of a Release executed by you, and such stock options shall remain exercisable for six (6) months after your Separation Date (or if longer, such period provided under the terms of the applicable long-term incentive plan), but in no event later than the expiration date of such options; and # all outstanding stock options that have vested on or prior to your Separation Date shall remain exercisable for six (6) months after such date (or if longer, such period provided under the terms of the applicable long-term incentive plan), but in no event later than the expiration date of such options;
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