Common use of Effect of Termination of Employment or Service Clause in Contracts

Effect of Termination of Employment or Service. The effect of termination of employment or service is determined pursuant to Section 7(i) of the Plan provided that options that are vested and exercisable at the time of termination shall remain exercisable for a period of ninety from the termination date. This ninety-day period shall be extended to six months from the date of such termination in the event of the Optionee's death or Disability prior to or during such ninety-day period.

Effect of Termination of Employment or Service. The effect of termination of employment or service is determined pursuant to Section 7(i8(i) of the Plan provided Planprovided that options that are vested and exercisable at the time of termination shall remain exercisable for a period of ninety days from the termination date. This ninety-day period shall be extended to six months from the date of such termination in the event of the Optionee's death or Disability prior to or during such ninety-day period.

Effect of Termination of Employment or Service. The effect of termination of employment or service is determined pursuant to Section 7(i) of the Plan provided that options that are vested and exercisable at the time of termination shall remain exercisable for a period of ninety from the termination date. This ninety-day period shall be extended to six months from the date of such termination in the event of the Optionee's ’s death or Disability prior to or during such ninety-day period.