Duration of Option Contract Clauses (69)

Duration of Option. The Option shall be exercisable to the extent and in the manner provided herein for a period of ten (10) years from the Grant Date (the "Exercise Term"); provided, however, that the Option may be earlier terminated as provided in Section 6 hereof.

Duration of Option. Except as otherwise provided herein, this Option may be exercised for three (3) months after you incur a Separation from Service from the Company; provided, however, in the event your Separation from Service is due to your death or Disability, the Option may be exercised for one year following such Separation from Service. In no case, however, may the Option be exercised after the Final Exercise Date set forth in the Notice. If, prior to the final exercise date set forth in the preceding sentenc...e, you incur a Separation from Service for Cause (as defined below), the right to exercise the Option shall terminate immediately upon the effective date of such Separation from Service. If you are a party to an agreement with the Company that contains an applicable definition of "cause," "Cause" shall have the meaning ascribed to such term in such agreement. Otherwise, "Cause" shall mean willful misconduct or willful failure to perform your responsibilities to the Company (including, without limitation, breach of any provision of any employment, consulting, advisory, nondisclosure, non-competition or other similar agreement between you and the Company), as determined by the Company, which determination shall be conclusive. You shall be considered to have been discharged for "Cause" if the Company determines, within 30 days after your resignation, that discharge for "Cause" was warranted. View More