Term Clause Example from Business Contracts

Term. You may not exercise your option before the Date of Grant or after the expiration of the option's term. The term of your option expires, subject to the provisions of Sections 5(h) and 9(c) of the Plan, upon the earliest of the following: (a)immediately upon the termination of your Continuous Service for Cause; (b)thirty-six (36) months after the termination of your Continuous Service for any reason other than Cause, your Disability or your death (except as otherwise provided in Section 6(d) belo...w); provided, however, that if during any part of such thirty-six (36) month period your option is not exercisable solely because of the condition set forth in the section above relating to "Securities Law Compliance," your option will not expire until the earlier of the Expiration Date or until it has been exercisable for an aggregate period of thirty-six (36) months after the termination of your Continuous Service; (c)thirty-six (36) months after the termination of your Continuous Service due to your Disability (except as otherwise provided in Section 6(d)) below; (d)thirty-six (36) months after your death if you die either during your Continuous Service or within three (3) months after your Continuous Service terminates for any reason other than Cause; (e)the Expiration Date indicated in your Grant Notice; or (f)the day before the tenth (10th) anniversary of the Date of Grant. View More