Termination of the Option Clause Example from Business Contracts

This example Termination of the Option clause appears in 3 contracts from 3 companies

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