Exercise on Termination of Employment. This Option shall not terminate as a result of the termination of Optionee's services as a consultant to the Company.
Exercise on Termination of Employment. If for any reason Optionee ceases to be employed by the Company or any of its subsidiaries (such event being called a “Termination”), this Option (to the extent then exercisable) may be exercised in whole or in part at any time, except with respect to a Termination For Cause, only within 90 days of the date of such Termination, but in no event after the earlier of the Expiration Date or a Corporate Transaction which terminates the Option pursuant to Section 15 hereof. For purposes of this Agreement, “employment” means service as an employee. For purposes of this Agreement, Optionee’s employment shall not be deemed to terminate by reason of a transfer to or from the Company or its subsidiary or among such entities, or sick leave, military leave or other leave of absence approved by the Board, if the period of any such leave does not exceed ninety (90) days or, if longer, if Optionee’s right to reemployment by the Company or any Affiliate is guaranteed either contractually or by statute. For purposes of this Agreement, “Termination For Cause” shall mean Optionee’s loss of employment by the Company or any of its subsidiaries due to Optionee’s (a) willful breach or habitual neglect or continued incapacity to perform Optionee’s required duties, (b) commission of acts of dishonesty, fraud, misrepresentation or other acts of moral turpitude as would prevent the effective performance of Optionee’s duties or (c) termination for cause under any employment agreement between the Company and Optionee (as defined therein). In the event Optionee’s employment by the Company or any of its subsidiaries is Terminated For Cause, then the Option shall cease to be exercisable as of the date of such Termination.
Exercise on Termination of Employment. If for any reason other than death or permanent and total disability, Optionee ceases to be employed by the Company or any of its Affiliates (such event being called a "Termination"), this Option (to the extent then exercisable) may be exercised in whole or in part at any time within three months of the date of such Termination, but in no event after the Expiration Date; provided, however, that if such exercise of this Option would result in liability for Optionee under Section 16(b) of the Securities Exchange Act of 1934, then such three-month period automatically shall be extended until the tenth day following the last date upon which Optionee has any liability under Section 16(b), but in no event after the Expiration Date. If Optionee dies or becomes permanently and totally disabled (as defined in the Plan) while employed by the Company or an Affiliate or within the period that this Option remains exercisable after Termination, this Option (to the extent then exercisable) may be exercised, in whole or in part, by Optionee, by Optionee's personal representative or by the person to whom this Option is transferred by devise or the laws of descent and distribution, at any time within six months after the death or six months after the permanent and total disability of Optionee, but in no event after the Expiration Date. In the event this Option is treated as a non-qualified stock option, then and to that extent, "employment" would include service as a director or as a consultant. For purposes of this Paragraph 6, Optionee's employment shall not be deemed to terminate by reason of sick leave, military leave or other leave of absence approved by the Administrator, if the period of any such leave does not exceed 90 days or, if longer, if Optionee's right to reemployment by the Company or any Affiliate is guaranteed either contractually or by statute.
Exercise on Termination of Employment. In the event Optionee's employment is terminated Optionee's right to exercise his options, if any, shall be governed by Section 7 of the Stock Option Plan.
Exercise on Termination of Employment. Employee's rights to exercise the Options following a severance of employment of the Employee from the Company shall be governed by Section 5.7 of the Plan.
Exercise on Termination of Employment. In the event of Optionee's death or disability, or if Optionee shall cease to be employed by the Company, Optionee's right to exercise the Option will be limited to installments accrued under Paragraph 3 hereof on the date of termination. 6.
Exercise on Termination of Employment. If the Optionee resigns from the Company (before Retirement), then the Optionee may exercise this Option at any time within a period of thirty (30) days after such Termination to the extent that this Option is exercisable (vested) on the date of such Termination. If the Company terminates the Optionee’s Employment for Cause, then this Option shall terminate immediately upon such Termination and may no longer be exercised. If the Company terminates the Optionee’s Employment without Cause, then the Optionee may exercise this Option at any time within a period of ninety (90) days after such Termination to the extent that this Option is exercisable (vested) on the date of such Termination. Notwithstanding the foregoing, in no event will exercise be permitted beyond the tenth anniversary of the Grant Date.
Exercise on Termination of Employment. The Executive shall be entitled to exercise his vested options within 90 days of his death, disability, resignation or termination of employment. Any unvested options shall expire.
Exercise on Termination of Employment. Upon the Optionee’s Termination of employment from the Company for any reason other than Cause, including resignation (before Retirement), Retirement, death or termination of service with the Company due to Disability, then the Optionee may exercise this Option at any time within a period of one (one) year after such Termination to the extent that this Option is exercisable (vested) on the date of such Termination. If the Company terminates the Optionee’s Employment for Cause, then this Option shall terminate immediately upon such Termination and may no longer be exercised.
Exercise on Termination of Employment. If for any reason other than death, permanent and total disability or retirement past the age of 60, Optionee ceases to be employed by the Company or any of its Affiliates (such event being called a "Termination"), other than For Cause (as such term is defined below), this Option (to the extent then exercisable) may be exercised in whole or in part at any time within three months of the date of such Termination, or such other period after the date of such Termination as is specified in an amendment to this Agreement (but in no event after the earlier of the Expiration Date or a Corporate Transaction which terminates this Option); provided, however, that if such exercise of this Option would result in liability for the Optionee under Section 16(b) of the Exchange Act, then such three-month period automatically shall be extended until the tenth day following the last date upon which Optionee has any liability under Section 16(b) (but in no event after the earlier of the Expiration Date and a Corporate Transaction which terminates this Option). If Optionee dies or
