Termination of the Option Clause Example from Business Contracts

This example Termination of the Option clause appears in 2 contracts from 1 company

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, or (b) the close of business on the last date for exercising the Option following termination of Participant's Continuous Service as described in Section 7.