Termination of Relationship; Early Termination of Option. Following the date of termination of Optionees Continuous Service Status for any reason (the Termination Date), Optionee may exercise the Option only as set forth in the Notice and this Section 5. To the extent that Optionee is not entitled to exercise this Option as of the Termination Date, or if Optionee does not exercise this Option within the Termination Period set forth in the Notice or the termination periods set forth below, the Option shall terminate in its entirety. In no event, may any Option be exercised after the Expiration Date of the Option as set forth in the Notice.
Termination of Relationship. In the event of termination of the Optionee’s Continuous Service, the Optionee may, to the extent otherwise so entitled at the date of such termination (the “Termination Date”), exercise this Option during the Termination Period set out in the Notice of Grant. To the extent that the Optionee was not entitled to exercise this Option at the date of such termination, or if Optionee does not exercise this Option within the time specified herein, this Option shall terminate.
Termination. In the event of termination of Optionees Continuous Service Status other than as a result of Optionees disability or death or for Cause (as defined in the Plan), Optionee may, to the extent Optionee is vested in the Option Shares at the Termination Date, exercise this Option during the Termination Period set forth in the Notice.
Termination other than Upon Disability or Death or for Cause. In the event of termination of Optionees Continuous Service Status other than under the circumstances set forth in [subsections (ii) through (iv)] below, such Optionee may exercise an Option until the earlier of # three (3) months following such termination or # the expiration of the term of such Option, to the extent the Optionee was vested in the Optioned Stock as of the date of such termination; provided, however, that the Administrator may in the Option Agreement specify an alternative period of time (but not beyond the expiration date of the Option) following termination of Optionees Continuous Service Status during which Optionee may exercise the Option as to Shares that were vested and exercisable as of the date of termination of Optionees Continuous Service Status. No termination shall be deemed to occur and this [Section 9(b)(i)] shall not apply if # the Optionee is a Consultant who becomes an Employee, or # the Optionee is an Employee who becomes a Consultant.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.