Expiration of Option Contract Clauses (106)

Expiration of Option. This Option will expire and may not be exercised to any extent by anyone after the first to occur of the following events: (a) Expiration of Term of Option. The Term/Expiration Date set forth in Section 1 of this Option Agreement; (b) Termination of Service without Cause. The expiration of three months from the date of the Optionee's voluntary or involuntary termination of service to the Company, unless the Optionee's service is terminated for Cause or such termination occurs by reasons of the O...ptionee's death or Disability; (c) Cause. The date of the Optionee's termination of service if the Optionee's service is terminated for Cause, or the date of written notice from the Company to the Optionee of a material breach of any confidentiality or non-compete agreement entered into with the Company, if the Optionee commits such a material breach either during or after the Optionee's period of service to the Company; (d) Death or Disability. The expiration of one year from the date of the Optionee's death, either during or after the Optionee's period of service to the Company, or of termination of the Optionee's service by reason of the Optionee's Disability; or 3 (e) Cancellation upon Change in Control. The cancellation of this Option by action of the Committee pursuant to Section 14 of the Plan, in connection with a Change in Control of the Company. View More

Expiration of Option. (a) Expiration of Option Period. The Option Period shall expire on the tenth anniversary of the Grant Date. (b) Termination of Employment Due to Death or Retirement. If Employment of the Optionee is terminated due to death or Retirement, the Option shall expire upon the earlier of (i) five years following the date of termination of Employment or (ii) expiration of the Option Period. The death of the Optionee following Retirement but prior to the expiration of the Option shall have no effect on t...he expiration of the Option. (c) Termination of Employment by the Corporation for Cause or Due to Resignation. If Employment of the Optionee is terminated by the Corporation or any of its Subsidiaries for Cause or due to voluntary resignation by the Optionee, the Option shall expire upon the termination of Employment. (d) Termination of Employment by the Corporation Other Than For Cause. If Employment of the Optionee is terminated by the Corporation or any of its affiliates for any reason other than Cause, the Option shall expire upon the earlier of (i) ninety (90) days following the date of termination of Employment or (ii) expiration of the Option Period. (e) Termination of Employment Following a Qualified Termination. If Employment of the Optionee is terminated in a Qualified Termination, the Option shall remain exercisable throughout the Option Period. View More

Expiration of Option. This Option shall expire, shall become null and void, and shall be of no further force and effect upon the earliest to occur of the following events: (a) Two months after the date of the Grantee's resignation or other voluntary termination of his or her employment with Atlanticus and its Affiliates (other than by reason of his or her death or Disability), but during such two month period the Option shall be exercisable only to the extent that it was exercisable as of the date of resignation or t...ermination; (b) Immediately upon the violation by the Grantee of a term or condition of any non-compete or similar such agreement entered into between the Grantee and Atlanticus, regardless of whether such agreement otherwise is enforceable; (c) Immediately upon the dismissal of the Grantee from his or her employment with Atlanticus or any Affiliate for Cause at any time; (d) Two months after the date on which Atlanticus and its Affiliates terminate the Grantee's employment for any reason other than Cause, provided that during such two month period the Option shall continue to vest in accordance with the vesting schedule set forth in the definition of Vesting Date [and the terms referenced in such definition or, if later, two months from the date the Option became vested and exercisable with respect to the applicable Option Shares]; (e) Six months after the date on which Grantee's employment with Atlanticus and its Affiliates is terminated by reason of the Grantee's death or Disability, but during such six month period the Option shall be exercisable only to the extent that it was exercisable as of the date of death or Disability; or (f) Five years from the Date of Grant. View More

Expiration of Option. The Committee shall determine the expiration date or dates of each Option, but such expiration date shall be not later than the earlier of (i) ten (10) years after the date such Option is granted, and (ii) that date (the "FDIC Termination Date") that is ninety (90) days after the Option holder is notified by the Federal Deposit Insurance Corporation that the Bank has become "undercapitalized" (as that term is defined for prompt corrective action purposes) and that the Option must be exercised wi...thin such 90 days or it will expire. In the event an Incentive Stock Option is granted to a ten percent shareholder, the expiration date or dates of each Option shall be not later than the earlier of (i) five (5) years after the date such Option is granted, and (ii) the FDIC Termination Date. The Committee, in its discretion, may extend the expiration date or dates of an Option after such date was originally set; however, such expiration date may not exceed the maximum expiration date described in this Section 7. View More

Expiration of Option. The Option may not be exercised to any extent by anyone after the first to occur of the following events: (a) The Expiration Date set forth in the Grant Notice; (b) The expiration of three months following the date of Participant's Termination of Service, unless such Termination of Service occurs by reason of Participant's death or Disability or Participant's discharge by the Company for Cause; (c) The expiration of one year following the date of Participant's Termination of Service by reason of... Participant's death or Disability; (d) The date of Participant's Termination of Service as a result of Participant's discharge by the Company for Cause; or (e) With respect to any unvested portion of the Option, the date that is thirty days following Participant's Termination of Service for any reason other than as a result of Participant's discharge by the Company for Cause, or such shorter period as may be determined by the Administrator. Participant acknowledges that an Incentive Stock Option exercised more than three months after Participant's termination of status as an Employee, other than by reason of death or Disability, will be taxed as a Non-Qualified Stock Option. View More

Expiration of Option. Unless the Committee determines the Employee engaged in Detrimental Conduct (as defined in the Employee's Clawback Agreement), in the event of the Employee's Termination of Service for any reason other than Disability, Retirement, death or for cause, the Employee may, within three (3) months after the date of such Termination, or prior to the Expiration Date, whichever shall first occur, exercise any vested but unexercised portion of this option. In the event of the Employee's Termination of Ser...vice due to Disability, the Employee may, within one (1) year after the date of such Termination, or prior to the Expiration Date, whichever shall first occur, exercise any vested but unexercised portion of this option. In the event of the Employee's Termination of Service due to Retirement, the Employee may exercise any vested but unexercised portion of this option prior to the Expiration Date. In the event of the Employee's Termination of Service by the Company for cause (as determined by the Company) or engagement in Detrimental Conduct (as determined by the Committee and defined in the Employee's Clawback Agreement), the Employee may not exercise any portion of this option that is unexercised on the date of such Termination. A-1 6. Death of Employee. In the event that the Employee dies while in the employ of the Company and/or a Subsidiary or Affiliate or during the three (3) month, or one (1) year periods referred to in Paragraph 5 above, the Employee's designated beneficiary, or if either no beneficiary survives the Employee or the Committee does not permit beneficiary designations or such designation is not valid under local law, the administrator or executor of the Employee's estate may exercise any vested but unexercised portion of the option prior to the Expiration Date. Any such transferee must furnish the Company (a) written notice of his or her status as a transferee, (b) evidence satisfactory to the Company to establish the validity of the transfer of this option and compliance with any laws or regulations pertaining to such transfer, and (c) written acceptance of the terms and conditions of this option as set forth in this Agreement. View More

Expiration of Option. Unless terminated earlier in accordance with this Agreement or the Plan, the Option granted herein will expire at 5:00 P.M., Central Time, on the 10th Anniversary of the Date of Grant (the "Expiration Date"). If the Expiration Date is a day on which the Company is not open for business, then the Option granted herein will expire, unless earlier terminated in accordance with this Agreement or the Plan, at 5:00 P.M., Central Time, on the first business day before such Expiration Date.