Grouped Into 37 Collections of Similar Clauses From Business Contracts
This page contains Term of Options clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Term of Options. The term of each Option shall be the term stated in the Option Agreement; provided, however, that the term shall be no more than ten years from the date of grant thereof or such shorter term as may be provided in the Option Agreement and provided further that, in the case of an Incentive Stock Option granted to an Optionee who, at the time the Option is granted, owns stock representing more than 10% of the total combined voting power of all classes of stock of the Company or any Parent or Subsid...iary, the term of the Option shall be five years from the date of grant thereof or such shorter term as may be provided in the Option Agreement.View More
Term of Options. The term of each Option shall be the term stated in the Option Agreement; provided, however, provided that the term shall be no more than ten (10) years from the date of grant thereof or such shorter term as may be provided in the Option Agreement Agreement; and provided further provided, further, that, in the case of an Incentive Stock Option granted to an Optionee who, a person who at the time the Option of such grant is granted, owns stock representing more than 10% of the total combined voti...ng power of all classes of stock of the Company or any Parent or Subsidiary, a Ten Percent Holder, the term of the Option shall be five (5) years from the date of grant thereof or such shorter term as may be provided in the Option Agreement. View More
Term of Options. The term of each Option shall be the term stated in the Option Agreement; provided, however, provided that the term shall be no more than ten (10) years from the date of grant thereof or such shorter term as may be provided in the Option Agreement and provided further that, in the case of an Incentive Stock Option granted to an Optionee who, a person who at the time the Option of such grant is granted, owns stock representing more than 10% of the total combined voting power of all classes of sto...ck of the Company or any Parent or Subsidiary, a Ten Percent Holder, the term of the Option shall be five (5) years from the date of grant thereof or such shorter term as may be provided in the Option Agreement. View More
Term of Options. The term of each Option shall be the term stated in the Option Agreement; provided, however, provided that the term shall be no more than ten (10) years from the date of grant thereof or such shorter term as may be provided in the Option Agreement and provided further that, in the case of an Incentive Stock Option granted to an Optionee who, a person who at the time the Option of such grant is granted, owns stock representing more than 10% of the total combined voting power of all classes of sto...ck of the Company or any Parent or Subsidiary, a Ten Percent Holder, the term of the Option shall be five (5) years from the date of grant thereof or such shorter term as may be provided in the Option Agreement. View More
Term of Options. (a) The Option shall have a term of ten years from the Date of Grant and shall terminate at the expiration of that period, unless it is terminated at an earlier date pursuant to the provisions of this Agreement or the Plan. (b) The Option shall automatically terminate upon the happening of the first of the following events: (i) The expiration of the 90-day period after the Grantee ceases to be employed by, or provide service to, the Employer, if the termination is for any reason other than Disab...ility, death or Cause (as defined in the Plan). (ii) The expiration of the one-year period after the Grantee ceases to be employed by, or provide service to, the Employer on account of the Grantee's Disability. (iii) The expiration of the one-year period after the Grantee ceases to be employed by, or provide service to, the Employer, if the Grantee dies while employed by, or providing service to, the Employer or within 90 days after the Grantee ceases to be so employed or provide services on account of a termination described in subparagraph (i) above. (iv) The date on which the Grantee ceases to be employed by, or provide service to, the Employer for Cause. In addition, notwithstanding the prior provisions of this Paragraph 3, if the Grantee engages in conduct that constitutes Cause after the Grantee's employment or service terminates, the Option shall immediately terminate, and the Grantee shall automatically forfeit all Shares underlying any exercised portion of the Option for which the Company has not yet delivered the Share certificates, upon refund by the Company of the exercise price paid by the Grantee for such Shares. Notwithstanding the foregoing, in no event may the Option be exercised after the date that is immediately before the tenth anniversary of the Date of Grant. Any portion of the Option that is not exercisable at the time the Grantee ceases to be employed by, or provide service to, the Employer shall immediately terminate.View More
Term of Options. (a) The Option shall have a term of ten years from the Date of Grant and shall terminate at the expiration of that period, unless it is terminated at an earlier date pursuant to the provisions of this Agreement or the Plan. Notwithstanding the foregoing, in the event that on the last business day of the term of the Option, the exercise of the Option is prohibited by applicable law, including a prohibition on purchases or sales of Company Stock under the Company's insider trading policy, the term... of the Option shall be extended for a period of 30 days following the end of the legal prohibition, unless the Committee determines otherwise. (b) The Option shall automatically terminate upon the happening of the first of the following events: (i) The expiration of the 90-day period after the Grantee Participant ceases to be employed by, or provide service to, the Employer, if the termination is for any reason other than Disability, death or Cause (as defined in the Plan). Cause. (ii) The expiration of the one-year period after the Grantee Participant ceases to be employed by, or provide service to, the Employer on account of the Grantee's Participant's Disability. -2- (iii) The expiration of the one-year period after the Grantee Participant ceases to be employed by, or provide service to, the Employer, if the Grantee Participant dies while employed by, or providing service to, the Employer or the Participant dies within 90 days after the Grantee Participant ceases to be so employed or to provide services on account of a termination described in subparagraph (i) above. to the Employer for any reason other than Disability, death or Cause. (iv) The date on which the Grantee Participant ceases to be employed by, or provide service to, the Employer for Cause. In addition, notwithstanding the prior provisions of this Paragraph Section 3, if the Grantee Participant engages in conduct that constitutes Cause after the Grantee's Participant's employment or service terminates, the Option shall immediately terminate, and the Grantee shall automatically forfeit all Shares underlying any exercised portion of the Option for which the Company has not yet delivered the Share certificates, upon refund by the Company of the exercise price paid by the Grantee for such Shares. terminate. Notwithstanding the foregoing, in no event may the Option be exercised after the date that is immediately before the tenth anniversary of the Date of Grant. Grant, except as provided under Section 3(a) above. Any portion of the Option that is not exercisable at the time the Grantee Participant ceases to be employed by, or provide service to, the Employer shall immediately terminate. View More
Term of Options. (a) The Option shall have a term of ten (10) years from the Date of Grant and shall terminate at the expiration of that period, unless it is terminated at an earlier date pursuant to the provisions of this Agreement or the Plan. Agreement. (b) The Option shall automatically terminate upon the happening of the first of the following events: (i) The expiration of the 90-day period after the Grantee ceases to be employed by, or provide service to, Employed by the Employer, if the termination is for... any reason other than Disability, Disability (as defined in Paragraph 9), death or Cause (as defined in the Plan). Paragraph 9). (ii) The expiration of the one-year one (1) year period after the Grantee ceases to be employed by, or provide service to, Employed by the Employer on account of the Grantee's Disability. (iii) The expiration of the one-year one (1) year period after the Grantee ceases to be employed by, or provide service to, Employed by the Employer, if the Grantee dies while employed by, or providing service to, Employed by the Employer or within 90 days after the Grantee ceases to be so employed or provide services on account of a termination described in subparagraph (i) above. Employer. (iv) The date on which the Grantee ceases to be employed by, or provide service to, Employed by the Employer on account of a termination by the Employer for Cause. In addition, notwithstanding the prior provisions of this Paragraph 3, if the Company determines that the Grantee engages has engaged in conduct misconduct that constitutes Cause at any time while the Grantee is Employed by the Employer or after the Grantee's termination of employment or service terminates, service, the Option shall immediately terminate, and the Grantee shall automatically forfeit all Shares underlying any exercised portion terminate as of the Option for date on which the Company has not yet delivered the Share certificates, upon refund by the Company of the exercise price paid by the Grantee for such Shares. misconduct constituting Cause first occurred. Notwithstanding the foregoing, in no event may the Option be exercised after the date that is immediately before following the tenth 10th anniversary of the Date of Grant. Any If the Option, or any portion of the Option that thereof, is not exercisable at the time the Grantee ceases to be employed by, or provide service to, Employed by the Employer it shall immediately terminate. View More
Term of Options. (a) The Option shall have a term of ten seven years from the Date of Grant and shall terminate at the expiration of that period, unless it is terminated at an earlier date pursuant to the provisions of this Award Agreement or the Plan. Notwithstanding the foregoing, in the event that on the last business day of the term of the Option, the Fair Market Value of a share of Company Stock is greater than the Exercise Price, and the Participant remains employed by the Employer, then the Option shall b...e automatically exercised on such business day without any required action by the Participant, and such automatic exercise shall comply with the terms of this Award Agreement and the Plan. (b) The Option shall automatically terminate upon the happening of the first of the following events: (i) The expiration of the 90-day period after the Grantee Participant ceases to be employed by, or provide service to, by the Employer, if the termination is for any reason other than Disability, retirement, death or Cause (as defined in the Plan). Cause; and (ii) The expiration of the one-year period after the Grantee ceases to be employed by, or provide service to, the Employer on account of the Grantee's Disability. (iii) The expiration of the one-year period after the Grantee ceases to be employed by, or provide service to, the Employer, if the Grantee dies while employed by, or providing service to, the Employer or within 90 days after the Grantee ceases to be so employed or provide services on account of a termination described in subparagraph (i) above. (iv) The date on which the Grantee Participant ceases to be employed by, or provide service to, by the Employer for Cause. In addition, notwithstanding the prior provisions of this Paragraph Section 3, if the Grantee Participant engages in conduct that constitutes Cause after the Grantee's Participant's employment or service terminates, the Option shall immediately terminate, terminate. (c) If the Participant ceases to be employed by the Employer because of a Disability or because the Participant has become Disabled, the Option shall continue to vest and shall be exercisable until it expires pursuant to its terms. (d) If the Grantee Participant ceases to be employed by the Employer because the Participant has retired from the Employer in good standing, then such Option shall automatically forfeit all Shares underlying cease to vest on the last day of Participant's employment, as applicable, but may be exercised by the Participant (or her/his permitted transferee) at any exercised time on or prior to the earlier of the expiration date of the Option or the expiration of five (5) years from the date of the Participant's termination of employment due to retirement. For purposes of this Award Agreement, retirement shall mean a termination of employment after reaching age fifty-five (55), and completing at least five (5) years of service with the Employer, provided, however that a Participant's termination shall in no event be due to retirement if the Participant ceases to be employed by the Employer for Cause. (e) If the Participant ceases to be employed by the Employer as a result of the Participant's death, any unvested portion of the Option for which shall immediately vest and the Company has not yet delivered the Share certificates, upon refund Option shall be exercisable until expiration by the Company of the exercise price paid by the Grantee for such Shares. its terms. 2 Notwithstanding the foregoing, in no event may the Option be exercised after the date that is immediately before the tenth seventh anniversary of the Date of Grant. Any portion Grant, or the first business day immediately preceding the seventh anniversary of the Option that is not exercisable at the time the Grantee ceases to be employed by, Date of Grant if such anniversary falls on a weekend or provide service to, the Employer shall immediately terminate. holiday. View More
Term of Options. This Option will in any event expire on the expiration date set forth in the Notice, which date is 10 years after the Date of Grant (five years after the Date of Grant if this option is designated as an ISO in the Notice of Stock Option Grant and Section 5.3 of the Plan applies).
Term of Options. This The Option will in any event expire on the expiration date set forth in the Notice, which date is 10 ten (10) years after the Date of Grant (five (5) years after the Date of Grant if this option is designated as an ISO in the Notice of Stock Option Grant and Section 5.3 of the Plan applies).
Term of Options. This The Option will in any event expire on the expiration date set forth in the Notice, which date is 10 ten (10) years after the Date of Grant (five (5) years after the Date of Grant if this option is designated as an ISO in the Notice of Stock Option Grant and Section 5.3 of the Plan applies).
Term of Options. This Option will shall in any event expire on the expiration date set forth in the Notice, which date is 10 years after the Date of Grant grant date (five years after the Date of Grant grant date if this option Option is designated as an ISO in the Notice of Stock Option Grant and Section 5.3 of the Plan applies).
Term of Options. This Option may be exercised only within the term set out in the Notice of Stock Option Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement.
Term of Options. This Option may be exercised only within the term set out in the Notice of Stock Option Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement.
Term of Options. This Option may be exercised only within prior to the term Expiration Date set out in the Notice of Stock Option Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement.
Term of Options. This Subject to and as provided in the Plan, an Option may be exercised only within the term set out in the Notice of Stock Option Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement.
Term of Options. This Option may be exercised only within the term set out in the Notice of Stock Option Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement. 4 9. Tax Obligations. (a)Tax Withholding. Participant agrees to make appropriate arrangements with the Company (or the Parent or Subsidiary employing or retaining Participant) for the satisfaction of all Federal, state, local and foreign income and employment tax withholding requirements appli...cable to the Option exercise. Participant acknowledges and agrees that the Company may refuse to honor the exercise and refuse to deliver the Shares if such withholding amounts are not delivered at the time of exercise. (b)Notice of Disqualifying Disposition of ISO Shares. If the Option granted to Participant herein is an ISO, and if Participant sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of (i) the date two (2) years after the Date of Grant, or (ii) the date one (1) year after the date of exercise, Participant shall immediately notify the Company in writing of such disposition. Participant agrees that Participant may be subject to income tax withholding by the Company on the compensation income recognized by Participant. (c)Code Section 409A. Under Code Section 409A, an Option that vests after December 31, 2004 (or that vested on or prior to such date but which was materially modified after October 3, 2004) that was granted with a per Share exercise price that is determined by the Internal Revenue Service (the "IRS") to be less than the Fair Market Value of a Share on the date of grant (a "discount option") may be considered "deferred compensation." An Option that is a "discount option" may result in (i) income recognition by Participant prior to the exercise of the Option, (ii) an additional twenty percent (20%) federal income tax, and (iii) potential penalty and interest charges. The "discount option" may also result in additional state income, penalty and interest tax to the Participant. Participant acknowledges that the Company cannot and has not guaranteed that the IRS will agree that the per Share exercise price of this Option equals or exceeds the Fair Market Value of a Share on the date of grant in a later examination. Participant agrees that if the IRS determines that the Option was granted with a per Share exercise price that was less than the Fair Market Value of a Share on the date of grant, Participant shall be solely responsible for Participant's costs related to such a determination.View More
Term of Options. This The Option may be exercised only within shall in any event expire on the term expiration date set out forth in the Notice of Stock Option Grant, Grant Notice, and may be exercised during such term prior to the expiration date only in accordance with the Plan and the terms of this Option Agreement. 4 9. -3- 8. Tax Obligations. (a)Tax (a) Tax Withholding. The Participant agrees to shall make appropriate arrangements with the Company (or the Parent or Subsidiary employing or retaining the Part...icipant) for the satisfaction of all U.S. Federal, state, local and foreign non-U.S. income and employment tax withholding requirements applicable to the Option exercise. The Participant acknowledges hereby acknowledges, understands and agrees that the Company may refuse to honor the exercise and refuse to deliver the Shares if such the withholding amounts are not delivered at the time of exercise. (b)Notice (b) Notice of Disqualifying Disposition of ISO Shares. If the Option granted to the Participant herein is designated as an ISO, Incentive Stock Option, and if the Participant sells or otherwise disposes of any of the Shares acquired pursuant to the ISO Incentive Stock Option on or before the later of (i) (1) the date two (2) years after the Date of Grant, or (ii) Grant and (2) the date one (1) year after the date of exercise, the Participant shall immediately notify the Company in writing of such disposition. The Participant hereby acknowledges and agrees that the Participant may be subject to income tax withholding by the Company on the compensation income recognized by Participant. (c)Code the Participant in connection with the exercise of the Option. (c) Code Section 409A. Under Code Section 409A, an Option that vests after December 31, 2004 (or that vested on or prior to such date but which was materially modified after October 3, 2004) that was granted with a per Share exercise price that is determined by the Internal Revenue Service (the "IRS") to be less than the Fair Market Value fair market value of a Share on the date of grant (a "discount option") may be considered "deferred compensation." compensation". An Option that is a "discount option" may result in (i) income recognition by the Participant prior to the exercise of the Option, (ii) an additional twenty percent (20%) federal income tax, and (iii) potential penalty and interest charges. The "discount option" may also result in additional state income, penalty and interest tax to the Participant. Participant acknowledges that the Company cannot and has not guaranteed that the IRS will agree that the per Share exercise price of this Option equals or exceeds the Fair Market Value fair market value of a Share on the date of grant in a later examination. Participant agrees that if the IRS determines that the Option was granted with a per Share exercise price that was less than the Fair Market Value fair market value of a Share on the date of grant, Participant shall will be solely responsible for Participant's costs related to such a determination. View More
Term of Options. This Option may be exercised only within the term set out in the Notice of Stock Option Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement. 4 9. 8. Tax Obligations. (a)Tax (a) Tax Withholding. Participant agrees to make appropriate arrangements with the Company (or the Parent or Subsidiary employing or retaining Participant) for the satisfaction of all Federal, state, local and foreign income and employment tax withholding require...ments applicable to the Option exercise. Participant acknowledges and agrees that the Company may refuse to honor the exercise and refuse to deliver the Shares if such withholding amounts are not delivered at the time of exercise. (b)Notice (b) Notice of Disqualifying Disposition of ISO Shares. If the Option granted to Participant herein is an ISO, and if Participant sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of (i) the date two (2) years after the Date of Grant, or (ii) the date one (1) year after the date of exercise, Participant shall immediately notify the Company in writing of such disposition. Participant agrees that Participant may be subject to income tax withholding by the Company on the compensation income recognized by Participant. (c)Code (c) Code Section 409A. Under Notwithstanding any provision of the Plan or this Option Agreement to the contrary, this Option is intended to be exempt from Code Section 409A, an Option that vests after December 31, 2004 (or that vested on or prior to such date but which was materially modified after October 3, 2004) that was granted with a per Share exercise price that is determined by the Internal Revenue Service (the "IRS") to be less than the Fair Market Value of a Share on the date of grant (a "discount option") may be considered "deferred compensation." An Option that is a "discount option" may result in (i) income recognition by Participant prior to the exercise of the Option, (ii) an additional twenty percent (20%) federal income tax, and (iii) potential penalty and interest charges. The "discount option" may also result in additional state income, penalty and interest tax to the Participant. Participant acknowledges 409A; provided, that the Company cannot and has does not guaranteed guarantee to Participant any particular tax treatment of the Option. In no event whatsoever shall the Company be liable for any additional tax, interest or penalties that the IRS will agree that the per Share exercise price of this Option equals may be imposed on Participant by Code Section 409A or exceeds the Fair Market Value of a Share on the date of grant in a later examination. Participant agrees that if the IRS determines that the Option was granted any damages for failing to comply with a per Share exercise price that was less than the Fair Market Value of a Share on the date of grant, Participant shall be solely responsible for Participant's costs related to such a determination. Code Section 409A. View More
Term of Options. This Option may be exercised only within the term set out in the Notice of Stock Option Grant, and may be exercised during such the term only in accordance with the Plan and the terms of this Option. 2019 Stock Option Agreement. 4 9. Agreement0 7. Tax Obligations. (a)Tax Withholding. Participant (a) Withholding Taxes. Optionee agrees to make appropriate arrangements with the Company (or the Parent or Subsidiary employing or retaining Participant) arrange for the satisfaction of all Federal, stat...e, local and foreign income and employment tax withholding requirements applicable to the Option exercise. Participant Optionee acknowledges and agrees that the Company may refuse to honor the exercise and refuse to deliver the Shares if such withholding amounts are not delivered at the time of exercise. (b)Notice (b) Notice of Disqualifying Disposition of ISO Shares. If the Option granted to Participant herein Optionee is an ISO, Incentive Stock Option ("ISO"), and if Participant Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of (i) the date two (2) years after the Date of Grant, Grant Date, or (ii) the date one (1) year after the date of exercise, Participant shall the Optionee must immediately notify the Company of the disposition in writing of such disposition. Participant writing. Optionee agrees that Participant Optionee may be subject to income tax withholding by the Company on the compensation income recognized by Participant. (c)Code the Optionee. (c) Code Section 409A. Under Code Section section 409A, an Option that vests after December 31, 2004 (or that vested on or prior to such date but which was materially modified after October 3, 2004) that was granted with a per Share exercise price that is determined by the Internal Revenue Service (the "IRS") to be less than the Fair Market Value of a Share on the date of grant Grant Date (a "discount option") may be considered "deferred compensation." deferred compensation. An Option that is a "discount option" discount option may result in (i) income recognition by Participant the Optionee prior to the exercise of the Option, (ii) an additional twenty percent (20%) federal income tax, and (iii) potential penalty and interest charges. The "discount option" may also result in additional state income, penalty and interest tax to the Participant. Participant Optionee acknowledges that the Company cannot and has not guaranteed that the IRS will agree that the per Share exercise price Exercise Price of this Option equals or exceeds the Fair Market Value of a Share on the date of grant Grant Date in a later examination. Participant Optionee agrees that if the IRS determines that the Option was granted with a per Share exercise price that was less than the Fair Market Value of a Share on the date of grant, Participant shall Grant Date, Optionee will be solely responsible for Participant's costs related to such a determination. any and all resulting tax consequences. View More
Term of Options. Except as otherwise provided in this Agreement, the Option shall be exercisable for five (5) years from the date of this Agreement; provided, however, that in the event Executive ceases to be employed by the Company (for any reason or no reason, and regardless of whether ceasing to be an employee is voluntary or involuntary on the part of Executive), Executive or his/her legal representative shall have ninety (90) days from the date of such termination, or, if earlier, upon the expiration date o...f the Option as set forth above, to exercise any part of the Option. Upon the expiration of such ninety (90) day period, or, if earlier, upon the expiration date of the Option as set forth above, the Option shall terminate and become null and void.View More
Term of Options. Except To the extent vested, and except as otherwise provided in this Agreement, the Option shall be exercisable for five (5) ten (10) years from the date of this Agreement; provided, however, that in the event Executive Employee ceases to be employed by an employee of the Company (for Company, for any reason or no reason, and regardless of whether ceasing to be an employee is voluntary with or involuntary on the part of Executive), Executive without cause, Director or his/her his her legal repr...esentative shall have ninety (90) days from the date of such termination, that he or she ceases to be an employee, or, if earlier, upon the expiration date of the Option as set forth above, to exercise any part of the Option. Option vested pursuant to Section 3 of this Agreement. Upon the expiration of such ninety (90) day period, or, if earlier, upon the expiration date of the Option as set forth above, the Option shall terminate and become null and void. View More
Term of Options. Except as otherwise provided in this Agreement, the Option shall be exercisable for five (5) ten (10) years from the date of this Agreement; provided, however, that in the event Executive Employee ceases to be employed by the Company (for any reason or no reason, and regardless of whether ceasing to be an employee is voluntary or involuntary on the part of Executive), Executive Employee), Employee or his/her legal representative shall have ninety (90) days from the date of such termination, or, ...if earlier, upon the expiration date of the Option as set forth above, to exercise any part of the Option. Upon the expiration of such ninety (90) day period, or, if earlier, upon the expiration date of the Option as set forth above, the Option shall terminate and become null and void. View More
Term of Options. Except as otherwise provided in this Agreement, the Option shall be exercisable for five (5) years from the date of this Agreement; provided, however, that (a) in the event Executive ceases to be employed by the Company (for any reason or no reason, and regardless of whether ceasing to be an employee is voluntary or involuntary on the part of Executive), Executive or his/her legal representative shall have ninety (90) days six (6) months from the date of such termination, or, if earlier, upon th...e expiration date of the Option as 3 set forth above, to exercise any part of the Option. Upon Option; upon the expiration of such ninety (90) day six (6) month period, or, if earlier, upon the expiration date of the Option as set forth above, the Option shall terminate and become null and void; and (b) that in the event of a "Corporate Transaction" (as such term is defined in the Plan), and unless waived by the Company's Board of Directors in its sole discretion, Executive or his/her legal representative shall be required to exercise the entire vested portion of the Option prior to the consummation of the Corporate Transaction (but contingent upon the occurrence thereof) and, whether exercised or not exercised prior to the Corporate Transaction, immediately prior to the Corporate Transaction the Option shall terminate and become null and void. View More
Term of Options. The right of the Optionee to exercise this Option shall terminate upon the first to occur of the following: (a) the expiration of ten (10) years from the date of this Agreement; 1 (b) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termination is due to permanent disability of the Optionee (as defined in Section 22(e)(3) of the Code); (c) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termi...nation is due to Optionee's death or if death occurs during the three-month period following termination of Optionee's Continuous Service pursuant to Section 3(d) below; (d) the expiration of three (3) months from the date of termination of Optionee's Continuous Service if such termination occurs for any reason other than permanent disability, death, or cause; provided, however, that if Optionee dies during such three-month period the provisions of Section 3(c) above shall apply; (e) the termination of Optionee's Continuous Service, if such termination is for cause; or (f) upon the consummation of a "Change in Control" (as defined in Section 2.4 of the Plan), unless otherwise provided pursuant to Section 10 below.View More
Term of Options. The right of the Optionee to exercise this Option shall terminate upon the first to occur of the following: (a) the (a)the expiration of ten (10) years from the date of this Agreement; 1 (b) the Grant Date; (b)the expiration of one (1) year six (6) months from the date of termination of Optionee's Continuous Service if such termination is due to permanent disability the Disability of the Optionee (as defined in Section 22(e)(3) of the Code); (c) the Optionee; (c)the expiration of one (1) year si...x (6) months from the date of termination of Optionee's Continuous Service if such termination is due to Optionee's death or if death occurs during the three-month thirty day period following termination of Optionee's Continuous Service pursuant to Section 3(d) below; (d) the 2 (d)the expiration of three (3) months thirty (30) days from the date of termination of Optionee's Continuous Service if such termination occurs for any reason other than permanent disability, death, Disability or cause; death; provided, however, that if Optionee dies during such three-month thirty (30) day period the provisions of Section 3(c) above shall apply; (e) the termination of Optionee's Continuous Service, if such termination is for cause; or (f) upon (e)upon the consummation of a "Change in Control" (as defined in Section 2.4 of the Plan), unless otherwise provided pursuant to Section 10 11 below. View More
Term of Options. The Optionee's right of the Optionee to exercise this Option shall terminate upon the first to occur of the following: (a) the expiration of ten (10) years from the date of this Agreement; 1 or (b) the expiration of three (3) months from the date of termination of Optionee's Continuous Service if such termination occurs for any reason other than permanent Disability, death or for Cause (as defined in Section 9 below); provided, however, that if Optionee dies during such three-month period the pr...ovisions of Section 3(d) below shall apply; or (c) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termination is due to the permanent disability Disability of the Optionee (as defined in Section 22(e)(3) of the Code); (c) Optionee; or (d) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termination is due to Optionee's death or if death occurs during the three-month period following termination of Optionee's Continuous Service pursuant to Section 3(d) below; (d) 3(b) above, as the expiration case may be; or 1 Note to Draft: The vesting schedule may be changed to reflect the actual terms of three (3) months from the date of termination of Optionee's Continuous Service if such termination occurs for any reason other than permanent disability, death, or cause; provided, however, that if Optionee dies during such three-month period the provisions of Section 3(c) above shall apply; award. (e) the termination of Optionee's Continuous Service, if such termination is for cause; or (f) upon the consummation of a "Change Change in Control" (as defined in Section 2.4 of the Plan), Control, unless otherwise provided pursuant to Section 10 below. 9 below; or (f) the termination of Optionee's Continuous Service for Cause. View More
Term of Options. The right of the Optionee to exercise this Option shall terminate upon the first to occur of the following: (a) the expiration of ten (10) years from the date of this Agreement; Grant Date; 1 (b) the expiration of one (1) year from the date of termination of Optionee's Continuous Service if such termination is due to permanent disability Disability of the Optionee (as defined in Section 22(e)(3) of the Code); Optionee; (c) the expiration of one (1) year from the date of termination of Optionee's... Continuous Service if such termination is due to Optionee's death or if death occurs during either the three-month or ninety (90) day period following termination of Optionee's Continuous Service pursuant to Section 3(d) below; or 3(e) below, as the case may be; 1 If Optionee is a 10% Stockholder (as defined in the Plan) as of the Grant Date, and the Option is an Incentive Option, the Option will expire five (5) years from the Grant Date, unless terminated earlier as provided in the Option Agreement. 2 (d) the expiration of three (3) months from the date of termination of Optionee's Continuous Service if such termination occurs for any reason other than permanent disability, Disability, death, voluntary resignation or cause; Cause; provided, however, that if Optionee dies during such three-month period the provisions of Section 3(c) above shall apply; (e) the expiration of ninety (90) days from the date of termination of Optionee's Continuous Service if such termination occurs due to voluntary resignation; provided, however, that if Optionee dies during such ninety (90) day period the provisions of Section 3(c) above shall apply; (f) the termination of Optionee's Continuous Service, if such termination is for cause; Cause; or (f) (g) upon the consummation of a "Change in Control" (as defined in Section 2.4 of the Plan), unless otherwise provided pursuant to Section 10 11 below. View More
Term of Options. Subject to Sections 5, 6 and 7, the Employee may exercise all or a portion of the vested Option at any time prior to the 10th anniversary of the Grant Date (the "Expiration Date"); provided that the Option may be exercised with respect to whole Shares only. In no event shall the Option be exercisable on or after the Expiration Date. To the extent the Option is not exercised prior to the Expiration Date (or any earlier expiration of the Option pursuant to Sections 5, 6 and 6), it shall be cancele...d and forfeited.View More
Term of Options. Subject to Sections 5, 6 5 and 7, the Employee may exercise all or a portion of the vested Option at any time prior to the 10th anniversary of the Grant Date (the "Expiration Date"); provided that the Option may be exercised with respect to whole Shares only. In no event shall the Option be exercisable on or after the Expiration Date. To the extent the Option is not exercised prior to the Expiration Date (or any earlier expiration of the Option pursuant to Sections 5, 6 5 and 6), 7), it shall be... canceled and forfeited. View More
Term of Options. Subject to Sections 5, 6 5 and 7, 6, the Employee may exercise all or a portion of the vested Option at any time prior to the 10th anniversary of the Grant Date 2 (the "Expiration Date"); provided that the Option may be exercised with respect to whole Shares only. In no event shall the Option be exercisable on or after the Expiration Date. To the extent the Option is not exercised prior to the Expiration Date (or any earlier expiration of the Option pursuant to Sections 5, 6 5 and 6), it shall b...e canceled and forfeited. View More
Term of Options. To the extent vested, and except as otherwise provided in this Agreement, the Option shall be exercisable for ten (10) years from the date of this Agreement; provided, however, that, except as provided in Section 5(a) below, in the event Employee ceases to be employed by the Company, for any reason or no reason, Employee or his/her legal representative shall have three (3) months from the date of such termination of his/her position as an employee to exercise any part of the Option vested pursua...nt to Section 3 of this Agreement. Upon the expiration of such three (3) month period, except as provided in Section 5, or, if earlier, upon the expiration date of the Option as set forth above, the Option shall terminate and become null and void. 1 5. Death of Employee. In the event of Employee's death, the person designated in Employee's will, or in the absence of such designation, Employee's legal representative may, in like manner, exercise the Option to the extent of the number of Shares which were vested at the time of his/her death, but such right shall expire unless exercised by such designated person or legal representative within the earlier of (i) six (6) months after the death of Employee, or (ii) the expiration of the Option.View More
Term of Options. To the extent vested, and except as otherwise provided in this Agreement, the Option shall be exercisable for ten (10) years from the date of this Agreement; provided, however, that, except as provided in Section 5(a) 5 below, in the event Employee Director ceases to be employed by serve as a director of the Company, for any reason or no reason, Employee Director or his/her legal representative shall have three (3) months from the date of such termination cessation of his/her position as an empl...oyee a director to exercise any part of the Option vested pursuant to Section 3 of this Agreement. Upon the expiration of such three (3) month period, except as provided in Section 5, or, if earlier, upon the expiration date of the Option as set forth above, the Option shall terminate and become null and void. 1 5. Death of Employee. In the event of Employee's death, the person designated in Employee's will, or in the absence of such designation, Employee's legal representative may, in like manner, exercise the Option to the extent of the number of Shares which were vested at the time of his/her death, but such right shall expire unless exercised by such designated person or legal representative within the earlier of (i) six (6) months after the death of Employee, or (ii) the expiration of the Option.View More
Term of Options. To the extent vested, and except as otherwise provided in this Agreement, the Option shall be exercisable for ten (10) years from the date of this Agreement; provided, however, that, except as provided in Section 5(a) 5 below, in the event Employee ceases to be employed by the Company, for any reason or no reason, Employee or his/her legal representative shall have three (3) months from the date of such termination of his/her position as an employee to exercise any part of the Option vested purs...uant to Section 3 of this Agreement. Upon the expiration of such three (3) month period, except as provided in Section 5, or, if earlier, upon the expiration date of the Option as set forth above, the Option shall terminate and become null and void. 1 5. Death Termination of Employee. Employment. For certain definitions in this Section 5, reference is made to the Employment Agreement dated August 11, 2012, as amended on August 20, 2018, between the Employee and the Company (as it may be amended or restated from time to time, the "Employment Agreement"). a. In the event of a termination of employment of Employee by the Company without Cause (as defined in the Employment Agreement) or by Employee for Good Reason (as defined in the Employment Agreement), (i) any unvested portion of the Option shall immediately vest, and (ii) the Option shall be exercisable until the earlier of (A) five (5) years after the date of such termination or (B) the expiration of the Option. b. In the event of Employee's voluntary termination of his employment or death on or after [●] (which will be considered his retirement age), (i) the entire Option shall immediately vest in full to the extent not already vested and (ii) the Option shall be exercisable by Employee or his estate or legal representative through the full remaining term of the Option. c. In the event of Employee's death, Employee's estate or his legal representative, as the person designated in Employee's will, or in the absence of such designation, Employee's legal representative may, in like manner, case may be, may exercise the Option to the extent of the number of Shares which were vested at the time of his/her his death, but such right shall expire unless exercised by such designated person Employee's estate or legal representative within the earlier of (i) six (6) twelve (12) months after the death of Employee, or (ii) the expiration of the Option. View More
Term of Options. The Option shall terminate (insert term) years from the date of this Agreement, but shall be subject to earlier termination immediately and without further notice (i) if the Fair Market Value of a share of Common Stock for five (5) consecutive Business Days is below $(insert barrier price) or (ii) as provided in the Plan. In the event of the death of the Grantee, the Option shall be exercisable to the extent exercisable but not exercised as of the date of death and, in such event, the Option mus...t be exercised, if at all, within one (1) year after the date of death of the Grantee or, if earlier, within the originally prescribed term of the Option. For purposes hereof, "Business Day" shall mean any day except Saturday, Sunday and any day which shall be a legal holiday or a day on which banking institutions in the State of New York generally are authorized or required by law or other government actions to close.View More
Term of Options. The Option option shall terminate (insert term) years from the date of this Agreement, but shall be subject to earlier termination immediately and without further notice (i) if the Fair Market Value of a share of Common Stock for five (5) consecutive Business Days is below $(insert barrier price) or (ii) as provided in the Plan. Agreement. In the event of the death of the Grantee, the Option shall be exercisable to the extent exercisable but not exercised as of the date of death and, in such eve...nt, the Option must be exercised, if at all, within one (1) year after the date of death of the Grantee or, if earlier, within the originally prescribed term of the Option. For purposes hereof, "Business Day" shall mean any day except Saturday, Sunday and any day which shall be a legal holiday or a day on which banking institutions in the State of New York generally are authorized or required by law or other government actions to close. View More
