Common use of Exercise Following Termination Clause in Contracts

Exercise Following Termination. Notwithstanding anything in this Agreement to the contrary, the Option will expire upon the Optionee's termination of employment or service as a director; provided, however that to the extent that the Option is exercisable at the time of the Optionee’s termination of employment or service as a director, or becomes exercisable following such termination pursuant to Section 2(c) or Section (d) above, the Option will expire as follows (subject to earlier expiration pursuant to Section 2(g) below):

Appears in 3 contracts

Samples: Non Statutory Stock Option Agreement (General Dynamics Corp), Non Statutory Stock Option Agreement (General Dynamics Corp), Non Statutory Stock Option Agreement (General Dynamics Corp)

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Exercise Following Termination. Notwithstanding anything in this Agreement to the contrary, the Option will expire upon the Optionee's ’s termination of employment or service as a director; provided, however that to the extent that the Option is exercisable at the time of the Optionee’s such termination of employment or service as a director, or becomes may become exercisable following such termination pursuant to the first sentence of Section 2(c) or Section (d) above, the Option will expire as follows (subject to earlier expiration pursuant to Section 2(g) below):follows:

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (General Dynamics Corp), Non Statutory Stock Option Agreement (General Dynamics Corp)

Exercise Following Termination. Notwithstanding anything in this Agreement to the contrary, the Option will expire upon the Optionee's termination of employment or service as a director; provided, however that to the extent that the Option is exercisable at the time of the Optionee’s termination of employment or service as a director, or becomes exercisable following such termination pursuant to Section 2(c) or Section (d) above, the Option will expire as follows (subject to earlier expiration pursuant to Section 2(g) below):follows:

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (General Dynamics Corp), Non Statutory Stock Option Agreement (General Dynamics Corp)

Exercise Following Termination. Notwithstanding anything in this Agreement to the contrary, except in the case of termination due to Retirement, the Option will expire upon the Optionee's termination of employment or service as a director; provided, however that to the extent that the Option is exercisable at the time of the Optionee’s 's termination of employment or service as a director, or becomes exercisable following such termination pursuant to Section 2(c) or Section (d) above, the Option will expire as follows (subject to earlier expiration pursuant to Section 2(g) below):

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (General Dynamics Corp), Stock Option Agreement (General Dynamics Corp)

Exercise Following Termination. Notwithstanding anything in this Agreement to the contrary, the Option will expire upon the Optionee's ’s termination of employment or service as a directoremployment; provided, however that to the extent that the Option is exercisable at the time of the Optionee’s such termination of employment or service as a director, or becomes may become exercisable following such termination pursuant to the first sentence of Section 2(c) or Section (d) above, the Option will expire as follows (subject to earlier expiration pursuant to Section 2(g) below):follows:

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (General Dynamics Corp), Incentive Stock Option Agreement (General Dynamics Corp)

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Exercise Following Termination. Notwithstanding anything in this Agreement to the contrary, the Option will expire upon the Optionee's ’s termination of employment or service as a director; provided, however that to the extent that the Option is exercisable at the time of the Optionee’s termination of employment or service as a director, or becomes exercisable following such termination pursuant to Section 2(c) or Section (d) above, the Option will expire as follows (subject to earlier expiration pursuant to Section 2(g) below):follows:

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (General Dynamics Corp), Non Statutory Stock Option Agreement (General Dynamics Corp)

Exercise Following Termination. Notwithstanding anything in this Agreement to the contrary, the Option will expire upon the Optionee's termination of employment or service as a director; provided, however that to the extent that the Option is exercisable at the time of the Optionee’s 's termination of employment or service as a director, or becomes exercisable following such termination pursuant to Section 2(c) or Section (d) above, the Option will expire as follows (subject to earlier expiration pursuant to Section 2(g) below):

Appears in 1 contract

Samples: Stock Option Agreement (General Dynamics Corp)

Exercise Following Termination. Notwithstanding anything in this Agreement to the contrary, except in the case of termination due to Retirement, the Option will expire upon the Optionee's termination of employment or service as a director; provided, however that to the extent that the Option is exercisable at the time of the Optionee’s 's termination of employment or service as a director, or becomes exercisable following such termination pursuant to Section 2(c) or Section (d) above, the Option will expire as follows (subject to earlier expiration pursuant to Section 2(g) below):

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (General Dynamics Corp)

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