Effect of Termination of Employment on Vesting; Expiration of Unvested Options. All unvested Options expire upon the earliest to occur of: (i) the time of notification of the termination of the Participant’s employment by the Company for Cause; (ii) termination of the Participant’s employment for any reason other than Cause or, if later, the expiration of the Severance Period, if applicable; and (iii) expiration as provided in Section 4.1.
Appears in 2 contracts
Samples: Qualified Stock Option Agreement (Nyfix Inc), Plan Non Qualified Stock Option Agreement (Nyfix Inc)
Effect of Termination of Employment on Vesting; Expiration of Unvested Options. All unvested Options expire upon the earliest to occur of: (i) the time of notification of the termination of the Participant’s employment by the Company for Cause; (ii) termination of the Participant’s employment for any reason other than Cause or, if later, the expiration of the Severance Period, if applicable; and (iii) expiration as provided in Section 4.1.and
Appears in 2 contracts
Samples: Option Plan Non Qualified Stock Option Agreement (Nyfix Inc), Non Qualified Stock Option Agreement (Nyfix Inc)
Effect of Termination of Employment on Vesting; Expiration of Unvested Options. All unvested Options expire upon the earliest to occur of: (i) the time of notification of the termination of the Participant’s employment by the Company for Cause; (ii) termination of the Participant’s employment for any reason other than Cause or, if later, the expiration of the Severance Period, if applicableCause; and (iii) expiration as provided in Section 4.1.
Appears in 1 contract
Samples: Plan Non Qualified Stock Option Agreement (Nyfix Inc)
