Common use of Continuity of Employment Clause in Contracts

Continuity of Employment. This Option shall not be exercisable by the Grantee in any part unless at all times beginning with the date of grant and ending no more than three (3) months prior to the date of exercise, the Grantee has, except for military service leave, sick leave or other bona fide leave of absence (such as temporary employment by the United States Government) been in the continuous employ of the Company or a parent or subsidiary thereof, except that such period of three (3) months shall be one (1) year following any termination of the Grantee's employment by reason of his permanent and total disability.

Appears in 36 contracts

Samples: Stock Option Agreement, Stock Option Agreement Stock Option Agreement, Stock Option Agreement (Stan Lee Media Inc)

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Continuity of Employment. This Option shall not be exercisable by the Grantee in any part during the Grantee's lifetime unless at all times beginning with the date of grant and ending no more than three (3) months prior to the date of exercise, exercise the Grantee has, except for military service leave, sick leave or other bona fide leave of absence (such as temporary employment by the United States Government) ), been in the continuous employ of the Company or a parent or of subsidiary thereof, except that such period of three (3) months shall be extended to one (1) year following any termination of the Grantee's such employment by reason of his the Grantee's permanent and total disability.

Appears in 12 contracts

Samples: Stock Option Agreement (GreenStart, Inc.), Executive Stock Option Agreement (Nutek Oil Inc.), Executive Stock Option Agreement (Nutek Oil Inc.)

Continuity of Employment. This Option shall not be exercisable by the Grantee in any part unless at all times beginning with the date of grant and ending no more than three (3) months prior to the date of exercise, the Grantee has, except for military service leave, sick leave or other bona fide leave of absence (such as temporary employment by the United States Government) been in the continuous employ service of the Company or a parent or subsidiary thereofCompany, except that such period of three (3) months shall be one (1) year following any termination of the Grantee's ’s employment by reason of his her permanent and total disability.

Appears in 5 contracts

Samples: Stock Option Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Agreement (Imaging Diagnostic Systems Inc /Fl/)

Continuity of Employment. This Option shall not be exercisable by the Grantee in any part unless at all times beginning with the date of grant and ending no more than three (3) months one year prior to the date of exercise, the Grantee has, except for military service leave, sick leave or other bona fide leave of absence (such as temporary employment by the United States Government) been in the continuous employ of the Company or a parent or subsidiary thereofCompany, except that such period of three (3) months shall be one (1) year following any termination of the Grantee's employment by reason of his permanent and total disability.

Appears in 4 contracts

Samples: Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Extension Agreement (Imaging Diagnostic Systems Inc /Fl/), Stock Option Agreement (Imaging Diagnostic Systems Inc /Fl/)

Continuity of Employment. This Option shall not be exercisable by the Grantee in any part unless at all times beginning with the date of grant and ending no more than three (3) months years prior to the date of exercise, the Grantee has, except for military service leave, sick leave or other bona fide leave of absence (such as temporary employment by the United States Government) been in the continuous employ of the Company or a parent or subsidiary thereof, except that such period of three (3) months shall be one (1) year following any termination of the Grantee's employment by reason of his permanent and total disabilityCompany.

Appears in 4 contracts

Samples: Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Agreement (Imaging Diagnostic Systems Inc /Fl/)

Continuity of Employment. This Option shall not be exercisable by the Grantee in any part during the Grantee's lifetime unless at all times beginning with the date of grant and ending no more than three (3) months prior to the date of exercise, exercise the Grantee has, except for military service leave, sick leave or other bona fide leave of absence (such as temporary employment by the United States Government) ), been in the continuous employ of the Company or a parent or subsidiary thereofCompany, except that such period of three (3) months shall be extended to one (1) year following any termination of the Grantee's such employment by reason of his the Grantee's permanent and total disability.

Appears in 3 contracts

Samples: Big Buck Brewery & Steakhouse Inc, Big Buck Brewery & Steakhouse Inc, Big Buck Brewery & Steakhouse Inc

Continuity of Employment. This Option shall not be exercisable by the Grantee in any part unless at all times beginning with the date of grant Grant and ending no more than three (3) months prior to the date of exercise, the Grantee has, except for military service leave, sick leave or other bona fide leave of absence (such as temporary employment by the United States Government) ), been in the continuous employ of the Company or a parent or subsidiary thereof, except that such period of three (3) months shall be extended to one (1) year following any termination of the Grantee's such employment by reason of his permanent and the Grantee's total disability.

Appears in 2 contracts

Samples: Stock Option Agreement (Dynatronics Corp), Dynatronics Corp

Continuity of Employment. This Option shall not be exercisable by the Grantee in any part unless at all times beginning with the date of grant and ending no more than three (3) months prior to the date of exercise, the Grantee has, except for military service leave, sick leave or other bona fide leave of absence (such as temporary employment by the United States Government) been in the continuous employ service of the Company or a parent or subsidiary thereofCompany, except that such period of three (3) months shall be one (1) year following any termination of the Grantee's ’s employment by reason of his permanent and total disability.

Appears in 2 contracts

Samples: Employment Agreement (Imaging Diagnostic Systems Inc /Fl/), Employment Agreement (Imaging Diagnostic Systems Inc /Fl/)

Continuity of Employment. This Option shall not be exercisable by the Grantee in any part unless at all times beginning with the date of grant and ending no more than three (3) months one year prior to the date of exercise, the Grantee has, except for military service leave, sick leave or other bona fide leave of absence (such as temporary employment by the United States Government) been in the continuous employ of the Company or a parent or subsidiary thereof, except that such period of three (3) months shall be one (1) year following any termination of the Grantee's employment by reason of his permanent and total disabilityCompany.

Appears in 1 contract

Samples: Stock Option Agreement (Imaging Diagnostic Systems Inc /Fl/)

Continuity of Employment. This Option shall not be exercisable by the Grantee in any part unless at all times beginning with the date of grant and ending no more than three (3) months years prior to the date of exercise, the Grantee has, except for military service leave, sick leave or other bona fide leave of absence (such as temporary employment by the United States Government) been in the continuous employ of the Company or a parent or subsidiary thereofCompany, except that such period of shall be three (3) months shall be one (1) year years following any termination of the Grantee's employment by reason of his permanent and total disability.

Appears in 1 contract

Samples: Employment Agreement (Imaging Diagnostic Systems Inc /Fl/)

Continuity of Employment. This Option shall not be exercisable by the Grantee in any part unless at all times beginning with the date of grant and ending no more than three (3) months prior to the date of exercise, the Grantee has, except for military service leave, sick leave leave, death or disability or other bona fide leave of absence (such as temporary employment approved by the United States Government) Board of Directors of the Company (the "Board"), been in the continuous employ of the Company or a parent or subsidiary thereof, except that such period of three (3) months shall be one (1) year following any termination of the Grantee's employment by reason of his permanent and total disabilityCompany.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (JDS Uniphase Corp /Ca/)

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Continuity of Employment. This Option shall not be exercisable by the Grantee in any part unless at all times beginning with the date of grant and ending no more than three (3) months prior to the date of exercise, the Grantee has, except for military service leave, sick leave or other bona fide leave of absence (such as temporary employment by the United States Government) been in the continuous employ of the Company or a parent or subsidiary thereof, except that such period of three (3) months shall be one (1) year following any termination of the Grantee's ’s employment by reason of his permanent and total disability.

Appears in 1 contract

Samples: Stock Option Agreement (Lucid Inc)

Continuity of Employment. This Option shall not be exercisable by the Grantee in any part unless at all times beginning with the date of grant and ending no more than three (3) months prior to the date of exercise, the Grantee has, except for military service leave, sick leave or other bona fide leave of absence (such as temporary employment by the United States Government) been in the continuous employ of the Company or a parent or subsidiary thereof, except that such period of three (3) months shall be one six (16) year months following any termination of the Grantee's employment by reason of his permanent and total disability.

Appears in 1 contract

Samples: Stock Option Agreement (Synergy 2000 Inc)

Continuity of Employment. This Option shall not be exercisable by the Grantee in any part unless at all times beginning with the date of grant and ending no more than three (3) months prior to the date of exercise, the Grantee has, except for military service leave, sick leave or other bona fide leave of absence (such as temporary employment by the United States Government) been in the continuous employ of the Company or a parent or subsidiary thereofCompany, except that such period of three (3) months shall be one (1) year following any termination of the Grantee's employment by reason of his permanent and total disability.

Appears in 1 contract

Samples: Stock Option Agreement (Murray United Development Corp)

Continuity of Employment. This Option shall not be exercisable by the Grantee in any part unless at all times beginning with the date of grant and ending no more than three (3) months prior to the date of exercise, the Grantee has, except for military service leave, sick leave or other bona fide leave of absence (such as temporary employment by the United States Government) been in the continuous employ of the Company or a parent or subsidiary thereof, except that such period of three (3) months shall be one (1) year following any termination of the Grantee's employment by reason of his this permanent and total disability.

Appears in 1 contract

Samples: Stock Option Agreement (State Street Boston Corp)

Continuity of Employment. This Option shall not be exercisable by the Grantee in any part unless at all times beginning with the date of grant and ending no more than three (3) months prior to the date of exercise, the Grantee has, except for military service leave, sick leave leave, or other bona fide leave of absence (such as temporary employment approved by the United States Government) board, been in the continuous employ of the Company or a parent or subsidiary thereof, except that such period of three (3) months shall be one (1) year following any termination of the Grantee's employment by reason of his permanent and total disabilityCompany.

Appears in 1 contract

Samples: Preferred Stock Option Agreement (JDS Uniphase Corp /Ca/)

Continuity of Employment. This Option shall not be exercisable by the Grantee in any part unless at all times beginning with the date of grant and ending no more than three ninety (390) months days prior to the date of exercise, the Grantee has, except for military service leave, sick leave or other bona fide leave of absence approved by the Company (such as temporary employment by the United States Government) been in the continuous employ of the Company or a parent or subsidiary thereofCompany, except that such period of three ninety (390) days shall be nine (9) months shall be one (1) year following any termination of the Grantee's ’s employment by reason of his permanent and total disabilityDisability.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Basanite, Inc.)

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