Termination of the Option Contract Clauses (97)

Termination of the Option. The Option shall terminate and may no longer be exercised after the first to occur of (a) the close of business on the Option Expiration Date, (b) the close of business on the last date for exercising the Option following termination of the Participant's Service as described in Section 7, or (c) a Change in Control to the extent provided in Section 8.

Termination of the Option. The Option shall terminate pursuant to the provisions of Section 5 of the Plan.

Termination of the Option. Subject to Section 8 of this Option Agreement, the Option shall terminate upon on the first to occur of: (a) the Option Term Date or (b) the last date for exercising the Option following termination of employment as described in this Option Agreement. 3 7. Termination of Employment. In the event the Optionee's employment Terminates for any reason, the Option shall terminate upon the Optionee's Termination to the extent it has not become exercisable pursuant to Section 4 hereof or upon the Option...ee's Termination as provided in the following sentence. In the event the Optionee's employment is Terminated (i) prior to the first anniversary of the Date of Option Grant by the Company without Cause or because of the death or Disability of the Optionee, the Option shall become exercisable as of the date of Termination with respect to the Number of Option Shares that would have vested on the first anniversary of the Date of Option Grant (had the Optionee's employment not Terminated), multiplied by a fraction, the numerator of which is the total number of whole calendar months the Optionee remained employed by the Company following the Date of Option Grant, and the denominator of which is twelve (12) or (ii) without Cause in connection with or within the one-year period following a Change in Control, the Option shall become fully (100%) exercisable as of the date of Termination. (a) Post-Termination Exercise Period. If the Optionee Terminates for any reason except death or Disability, the Option, to the extent exercisable by the Optionee on the date on which the Optionee Terminated, may be exercised by the Optionee until the earlier of (i) three (3) months after the date on which the Optionee's employment Terminated or (ii) the Option Term Date. Notwithstanding the foregoing, if the Optionee's employment with the Company is Terminated for Cause, the Option may not be exercised after the date on which the Optionee's employment Terminated. If the Optionee's employment with the Company is Terminated because of the death or Disability of the Optionee, the Option, to the extent exercisable by the Optionee on the date on which the Optionee Terminated, may be exercised by the Optionee (or the Optionee's legal representative) until the earlier of (i) the expiration of twelve (12) months from the date the Optionee's employment Terminated or (ii) the Option Term Date. The Optionee's employment shall be deemed to have Terminated on account of death if the Optionee dies within three (3) months after the Optionee's Termination (other than with respect to a Termination for Cause). This paragraph shall be interpreted such that the Option shall not become exercisable as to any additional number of Option Shares after the date on which the Optionee ceases to be an employee of the Company (pursuant to this paragraph) for any reason, notwithstanding any period after such cessation of employment during which the Option may remain exercisable as provided in this paragraph. (b) Leave of Absence. For purposes hereof, the Optionee's employment with the Company shall not be deemed to Terminate if the Optionee takes any military leave, sick leave, or other bona fide leave of absence approved by the Company of ninety (90) days or less. In the event of a leave in excess of ninety (90) days, the Optionee's employment shall be deemed to Terminate on the ninety-first (91st) day of the leave unless the Optionee's right to reemployment with the Company remains guaranteed by statute or contract. View More