Early Termination of Options. Subject to any longer period of exercisability specified in Schedule I hereto, the Options will terminate, prior to the expiration of the Term, at the time specified below:
Early Termination of Options. The Options will terminate, prior to the expiration of the Term, at the time specified below:
Early Termination of Options. If the Optionee’s position as an Eligible Person is terminated prior to the Expiry Date for a reason other than the Optionee’s termination for just cause, then all rights to exercise this Option will terminate on the day which is the earlier of the Expiry Date and one (1) year after the Termination Date.
Early Termination of Options. Notwithstanding the provisions of subsection 2(a), rights to exercise this Option shall terminate in accordance with the following:
Early Termination of Options. Except as provided in this Section 5 and notwithstanding any other provision of this Option to the contrary, this Option shall not be exercisable unless the Optionee, at the time he exercises this Option, has remained continuously in the employ of the Corporation or any Affiliate of the Corporation (as described in the Plan) since the Grant Date. If the Optionee shall cease to be employed by the Corporation or any Affiliate of the Corporation for any reason (excluding death, Disability, Retirement and termination of employment by the Corporation or any Affiliate of the Corporation for cause), this Option will continue to vest and will remain exercisable for three months immediately succeeding such cessation of employment or until the Expiration Date, whichever period is shorter, at the end of which period this Option shall terminate. If the Optionee shall cease to be employed by the Corporation or any Affiliate of the Corporation because of termination of employment by the Corporation or any Affiliate of the Corporation for cause, this Option shall terminate and all rights under this Option shall expire immediately upon the giving to the Optionee of notice of such termination. If the Optionee shall cease to be employed by the Corporation or any Affiliate of the Corporation by reason of death or Disability, this Option will continue to vest and will remain exercisable (in the case of the death of the Optionee, by the person to whom this Option is transferred by will or the laws of descent and distribution) for one year immediately succeeding such cessation of employment or until the Expiration Date, whichever period is shorter, at the end of which period this Option shall terminate. If the Optionee shall cease to be employed by the Corporation or any Affiliate of the Corporation by reason of Retirement, this Option will continue to vest and will remain exercisable for six months immediately succeeding such cessation of employment or until the Expiration Date, whichever period is shorter, at the end of which period this Option shall terminate.
Early Termination of Options. Notwithstanding the provisions of subsection 2 (a), all right to exercise this Option shall terminate upon the first to occur of the following:
Early Termination of Options. Notwithstanding anything to the contrary ---------------------------- herein, all of the Options shall immediately and entirely cease to be exercisable, and shall never again be exercisable to any extent, (a) if the Optionholder's employment with the Company or the Company's acquiror (collectively, "EMPLOYER") terminates due to Fault Cause (as defined in Section 10 below), (b) 30 days after the Optionholder's employment with EMPLOYER terminates other than due to Cause (as defined in Section 10 below), or (c) 365 days after the Optionholder's employment with EMPLOYER terminates due to death or extended disability as defined in Section 10(b) below (but in no event shall any Option be exercisable after the Expiration Date). The above language shall have no effect on and shall not diminish the rights of the Optionholder as to shares issued in respect of Options that have already vested and been exercised; and the above language shall (during the 30-day period described in subsection (b) or the 365-day period described in subsection (c)) have no effect on and not diminish the rights of the Optionholder as to Options that have (as of the date of such termination of employment) already vested.
Early Termination of Options. Except as provided in this Section 5 and notwithstanding any other provision of this Option to the contrary, this Option shall not be exercisable unless the Optionee, at the time he exercises this Option, has remained continuously in the service of the Corporation (as described in the Plan) since the Grant Date. If the Optionee shall cease to be employed by the Corporation for any reason (excluding death, disability, retirement and termination of employment by the Corporation or any Affiliate for cause), the Optionee may, but only within the period of three months immediately succeeding such cessation of service and in no event after the Expiration Date, exercise this Option to the extent the Optionee was entitled to exercise this Option at the date of cessation. If the Optionee shall cease to work for the Corporation because of termination of employment by the Corporation or Affiliate for cause, all rights under this Option shall expire immediately upon the giving to the Optionee of notice of such termination. In the event of the death of the Optionee while in continuous service of the Corporation or during the three-month period referred to in the immediately preceding paragraph, the person to whom the Option has been transferred by will or by the laws of descent and distribution may, but only to the extent the Optionee was entitled to exercise this Option immediately prior to his death, exercise this Option at any time within six months following the death of the Optionee, but in no event later than ten years from the Grant Date.
Early Termination of Options. (a) Anything contained herein to the contrary notwithstanding, upon a sale or transfer of all or substantially all of the assets of the Company or R&D to another corporation (other than a wholly-owned subsidiary), person or entity, or upon a distribution by the Company of its assets as a liquidating or partial liquidating dividend with respect to its Common Stock, or the happening of any other similar event affecting its Common Stock, then following a determination by the Board of Directors to effect or proceed with such event or transaction, the Board of Directors, upon at least ten (10) days' written notice to the holder, may in its sole discretion provide that such Option or any unexercised portion thereof shall terminate as of the effective date of such event or transaction.
Early Termination of Options. Each Option shall terminate on a date determined by the Board of Directors not later than the 90th day after the date on which the Optionee ceases to be a director, officer or employee of the Company, provided that, subject to the provisions of Articles 2 and 12 hereof, if such Optionee ceases to be a director, officer or employee of the Company by reason of the death of such Optionee, all or any of the Common Shares then covered by such Option may be purchased by the legal representative of such Optionee, or by the person or persons to whom the rights of such Optionee under the Option Agreement entered into with such Optionee have passed by will or by operation of the laws of devolution or distribution and descent, until the earlier of (i) the date that is six months after the date of the death of such Optionee, and (ii) the expiry date of such Option set forth in such Option Agreement. A change in the office, position or duties held by such Optionee on the date on which the Option was granted to such Optionee shall not result in the termination of the Option granted to such Optionee provided that such Optionee remains a director, officer or employee of the Company.
