Termination of Relationship Clause Example with 25 Variations from Business Contracts

Termination of Relationship. Following the date of termination of Optionee's Continuous Service Status for any reason (the "Termination Date"), Optionee may exercise the this Option only as set forth in the Notice and this Section 5. To the extent that Optionee is not entitled to exercise this Option as of the Termination Date, or if If Optionee does not exercise this Option within the Termination Period set forth in the Notice or the termination periods set forth below, the this Option shall terminate in its entirety. In n...o event event, may any Option be exercised after the Expiration Date of the this Option as set forth in the Notice. 2 (a) Termination. In the event of termination of Optionee's Continuous Service Status other than as a result of Optionee's disability Disability or death, death or for Cause, Optionee may, to the extent Optionee is vested in the Option Shares at the date of such termination (the "Termination Date"), Shares, exercise this Option during the Termination Period set forth in the Notice. (b) Other Terminations. In connection with any termination other than a termination covered by Section 5(a), Optionee may exercise the this Option only as described below: (i) Termination upon Disability of Optionee. In the event of termination of Optionee's Continuous Service Status as a result of Optionee's disability, Disability, Optionee may, but only within six (6) months from following the Termination Date, date of such termination (the "Termination Date"), exercise this Option to the extent Optionee was is vested in the Option Shares as of such Termination Date. Shares. (ii) Death of Optionee. In the event of the death termination of Optionee (a) during the term of this Option and while an Employee or Consultant of the Company and having been in Optionee's Continuous Service Status since as a result of Optionee's death, or in the date event of grant of the Option, or (b) Optionee's death within thirty (30) days after following Optionee's Termination Date, the this Option may be exercised at any time within twelve (12) months following the date of death (or, if earlier, the date Optionee's Continuous Service Status terminated) by Optionee's estate or by a person who acquired the right to exercise the this Option by bequest or inheritance, but only to the extent Optionee was is vested in this Option. (iii) Termination for Cause. In the event of termination of Optionee's Continuous Service Status for Cause, this Option as (including any vested portion thereof) shall immediately terminate in its entirety upon first notification to Optionee of such termination for Cause. If Optionee's Continuous Service Status is suspended pending an investigation of whether Optionee's Continuous Service Status will be terminated for Cause, all Optionee's rights under this Option, including the Termination Date. right to exercise this Option, shall be suspended during the investigation period. View More

Termination of Relationship. Following the date of termination of Optionee's Continuous Service Status for any reason (the "Termination Date"), Optionee may exercise the Option only as set forth in the Notice and this Section 5. To the extent that Optionee is not entitled to exercise this Option as of the Termination Date, or if Optionee does not exercise this Option within the Termination Period set forth in the Notice or the termination periods set forth below, the Option shall terminate in its entirety. In no event event..., may any Option be exercised after the Expiration Date of the Option as set forth in the Notice. (a) Termination. In the event of termination of Optionee's Continuous Service Status other than as a result of Optionee's disability or death, death or for Cause (as defined in the Plan), Optionee may, to the extent Optionee is vested in the Option Shares at the date of such termination (the "Termination Date"), Termination Date, exercise this Option during the Termination Period set forth in the Notice. (b) Other Terminations. In connection with any termination other than a termination covered by Section 5(a), Optionee may exercise the Option only as described below: (i) Termination upon Disability of Optionee. In the event of termination of Optionee's Continuous Service Status as a result of Optionee's disability, Optionee may, but only within six (6) twelve months from the Termination Date, exercise this Option to the extent Optionee was vested in the Option Shares as of such Termination Date. (ii) Death of Optionee. In the event of the death of Optionee (a) during the term of this Option and while an Employee or Consultant of the Company and having 3 been in Continuous Service Status since the date of grant of the Option, or (b) within thirty (30) days after Optionee's Termination Date, the Option may be exercised at any time within twelve (12) months following the date of death by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent Optionee was vested in the Option as of the Termination Date. (iii) Termination for Cause. In the event Optionee's Continuous Service Status is terminated for Cause, the Option shall terminate immediately upon such termination for Cause as set forth in Section 10(b)(iv) of the Plan. In the event Optionee's employment or consulting relationship with the Company is suspended pending investigation of whether such relationship shall be terminated for Cause, all Optionee's rights under the Option, including the right to exercise the Option, shall be suspended during the investigation period, also as set forth in Section 10(b)(iv) of the Plan. The Administrator shall have authority to effect such procedures and take such actions as are necessary to carry out the legal intent of this Section 5(b)(iii). (c) Termination of Option. This Option may terminate prior to its Expiration Date and prior to the dates specified under Section 5(a) and (b) above under certain circumstances as set forth in Section 14 of the Plan. View More

Termination of Relationship. Following the date of termination of Optionee's Continuous Service Status for any reason (the "Termination Date"), Optionee may exercise the Option only as set forth in the Notice and this Section 5. To the extent that Optionee is not entitled to exercise this Option as of the Termination Date, or if Optionee does not exercise this Option within the Termination Period set forth in the Notice or the termination periods set forth below, the Option shall terminate in its entirety. In no event event..., may any Option be exercised after the Expiration Date of the Option as set forth in the Notice. (a) Termination. In the event of termination of Optionee's Continuous Service Status other than as a result of Optionee's disability or death, death or for Cause (as defined in the Plan), Optionee may, to the extent Optionee is vested in the Option Shares at the date of such termination (the "Termination Date"), Termination Date, exercise this Option during the Termination Period set forth in the Notice. (b) Other Terminations. In connection with any termination other than a termination covered by Section 5(a), Optionee may exercise the Option only as described below: (i) Termination upon Disability of Optionee. In the event of termination of Optionee's Continuous Service Status as a result of Optionee's disability, Optionee may, but only within six (6) twelve months from the Termination Date, exercise this Option to the extent Optionee was vested in the Option Shares as of such Termination Date. (ii) Death of Optionee. In the event of the death of Optionee (a) during the term of this Option and while an Employee or Consultant of the Company and having been in Continuous Service Status since the date of grant of the Option, or (b) within thirty (30) days after Optionee's Termination Date, the Option may be exercised at any time within twelve (12) months following the date of death by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent Optionee was vested in the Option as of the Termination Date. 3 (iii) Termination for Cause. In the event Optionee's Continuous Service Status is terminated for Cause, the Option shall terminate immediately upon such termination for Cause as set forth in Section 10(b)(iv) of the Plan. In the event Optionee's employment or consulting relationship with the Company is suspended pending investigation of whether such relationship shall be terminated for Cause, all Optionee's rights under the Option, including the right to exercise the Option, shall be suspended during the investigation period, also as set forth in Section 10(b)(iv) of the Plan. The Administrator shall have authority to effect such procedures and take such actions as are necessary to carry out the legal intent of this Section 5(b)(iii). (c) Termination of Option. This Option may terminate prior to its Expiration Date and prior to the dates specified under Section 5(a) and (b) above under certain circumstances as set forth in Section 14 of the Plan. View More

Termination of Relationship. Following the date of termination of Optionee's Continuous Service Status for any reason (the "Termination Date"), Optionee may exercise the Option Options only as set forth in the Notice and this Section 5. herein. To the extent that any Options are not Vested Options, or Optionee is otherwise not entitled to exercise this Option these Options, as of the Termination Date, or if Optionee does not exercise this Option within the Termination Period (as defined below) set forth in herein, the Notic...e or the termination periods set forth below, the Option Options shall terminate in its their entirety. In no event event, may any Option be exercised after the Expiration Date of the Option as set forth in the Notice. Options. (a) Termination. In the event of termination of Optionee's Continuous Service Status other than as a result of Optionee's disability or death, whether or not for Cause, Optionee may, to the extent Optionee is vested in the Option Shares Units at the date of such termination (the "Termination Date"), Termination Date, exercise this Option during within six (6) months following the Termination Period set forth in the Notice. Date (the "Termination Period"). (b) Other Terminations. In connection with any termination other than a termination covered by Section 5(a), Optionee may exercise the Option Options, only as described below: (i) Termination upon Disability of Optionee. In the event of termination of Optionee's Continuous Service Status as a result of Optionee's disability, disability (including a disability within the meaning of Section 22(e)(3) of the Code), Optionee may, but only within six (6) months from the Termination Date, exercise this Option to the extent Optionee was vested in the Option Shares Vested Options as of such the Termination Date. (ii) Death of Optionee. In the event of the death of Optionee (a) during the term of this Option these Options and while an Employee or Consultant of the Company and having been in Continuous Service Status since the date of grant of the Option, Options, or (b) within thirty (30) days after Optionee's Termination Date, the Option Vested Options may be exercised at any time within twelve (12) months following the date of death by Optionee's estate or by a person who acquired the right to exercise the Option Vested Options by bequest or inheritance, but only to the extent Optionee was vested in the Option inheritance as of the Termination Date. View More

Termination of Relationship. Following the date of termination of Optionee's Continuous Service Status for any reason (the "Termination Date"), Optionee may exercise the Option only as set forth in the Notice and this Section 5. To the extent that Optionee is not entitled to exercise this Option as of the Termination Date, or if Optionee does not exercise this Option within the Termination Period set forth in the Notice or the termination periods set forth below, the Option shall terminate in its entirety. In no event event..., may any Option be exercised after the Expiration Date of the Option as set forth in the Notice. (a) Termination. In the event of termination of Optionee's Continuous Service Status other than as a result of Optionee's disability or death, death or for Cause (as defined in the Plan), Optionee may, to the extent Optionee is vested in the Option Shares otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set forth in the Notice. (b) Other Terminations. In connection with any termination other than a termination covered by Section 5(a), Optionee may exercise the Option only as described below: (i) Termination upon Disability of Optionee. In the event of termination of Optionee's Continuous Service Status as a result of Optionee's disability, Optionee may, but only within six (6) months from the Termination Date, exercise this Option to the extent Optionee was vested in the Option Shares entitled to exercise it as of such Termination Date. (ii) Death of Optionee. In the event of the death of Optionee (a) during the term of this Option and while an Employee or Consultant of the Company and having been in Continuous Service Status since the date of grant of the Option, or (b) within thirty (30) days after Optionee's Termination Date, the Option may be exercised at any time within twelve (12) months following the date of death by Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent Optionee was vested in entitled to exercise the Option as of the Termination Date. (iii) Termination for Cause. In the event Optionee's Continuous Service Status is terminated for Cause, the Option shall terminate immediately upon such termination for Cause as set forth in Section 10(b)(iv) of the Plan. In the event Optionee's Continuous Service Status with the Company is suspended pending investigation of whether such relationship shall be terminated for Cause, all Optionee's rights under the Option, including the right to exercise the Option, shall be suspended during the investigation period, also as set forth in Section 10(b)(iv) of the Plan. View More