Common use of Exercise Following Termination Clause in Contracts

Exercise Following Termination. Notwithstanding anything else in this Plan to the contrary, Incentive Stock Options that are not exercised within ninety (90) days following termination of Grantee’s employment in the Company or its Affiliates and Subsidiaries, or within one year in case of termination of Grantee’s employment in the Company or its Affiliates and Subsidiaries due to a disability (within the meaning of section 22(e)(3) of the Code), shall be deemed to be Nonqualified Stock Options.

Appears in 11 contracts

Samples: 2010 Share Incentive Plan (Compugen LTD), Stock Incentive Plan (Salesforce Com Inc), Restricted Share Unit (Lumenis LTD)

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Exercise Following Termination. Notwithstanding anything else in this the Plan to the contrary, Incentive Stock Options that are not exercised within ninety three (903) days months following termination of Grantee’s employment in the Company or its Affiliates and SubsidiariesParent or Subsidiary corporations, or within one year in case of termination of Grantee’s employment in the Company or its Affiliates and Subsidiaries Parent or Subsidiary corporations due to a disability Disability (within the meaning of section 22(e)(3) of the Code), shall be deemed to be Nonqualified Stock Options.

Appears in 3 contracts

Samples: Stratasys Ltd., Mapi - Pharma LTD, Enzymotec Ltd.

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Exercise Following Termination. Notwithstanding anything else in this Plan to the contrary, Incentive Stock Options that are not exercised within ninety three (903) days months following termination of a Grantee’s employment in the Company or its Affiliates and SubsidiariesParent or Subsidiary corporations, or within one year in case of termination of Grantee’s employment in the Company or its Affiliates and Subsidiaries Parent or Subsidiary corporations due to a disability Disability (within the meaning of section 22(e)(3) of the Code), shall be deemed to be Nonqualified Stock Options.

Appears in 1 contract

Samples: Jacada LTD

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