Expiration of Option Clause Example with 4 Variations from Business Contracts

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; 3 (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... Optionee's death or Disability; 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 Cause (as defined in the Optionee's period of service to employment contract or, if no such contract, the Company; Plan); (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. 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; A-3 (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 Cause (as defined in the Optionee's period of service to the Company; employment contract); (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. 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; 3 (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... Optionee's death or Disability; 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 Cause (as defined in the Optionee's period of service to the Company; employment contract); (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. 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. 3 7. Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of the Optionee only by the Optionee. The terms of the Plan and this Option Agreement will be binding upon the executors, administrators, heirs, successors and assigns of the Optionee. View More