Common use of Exercise on Termination of Employment Clause in Contracts

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 Optionee ceases to be employed by provide services to the Company or any of its subsidiaries Affiliates (such event being called a “Termination”), other than For Cause, as defined below, 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 time 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 Paragraph 15 hereof. For purposes of this Agreement, “employmentservices” means includes service as an employee, director, consultant or adviser. For purposes of this Agreement, Optionee’s employment services shall not be deemed to terminate by reason of a transfer to or from the Company or its subsidiary an Affiliate or among such entities, or sick leave, military leave or other leave of absence approved by the BoardAdministrator, if the period of any such leave does not exceed ninety (90) 90 days or, if longer, if Optionee’s right to reemployment by provide services to 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 Affiliates due to Optionee’s (a) willful breach or habitual neglect or continued incapacity to perform Optionee’s required duties, (b) or commission of acts of dishonesty, fraud, misrepresentation or other acts of moral turpitude as would prevent the effective performance of Optionee’s duties duties, or (cb) termination for cause under any employment agreement between the Company and the Optionee (as defined therein). In the event Optionee’s employment by services to the Company or any of its subsidiaries Affiliates 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 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 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, director, consultant or adviser. 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 Optionee ceases to be employed by the Company or any of its subsidiaries Affiliates (such event being called a “"Termination”"), other than For Cause, as defined below, 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 time 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 " includes service as an employee, director, consultant or adviser. For purposes of this Agreement, Optionee’s 's employment shall not be deemed to terminate by reason of a transfer to or from the Company or its subsidiary an Affiliate or among such entities, or sick leave, military leave or other leave of absence approved by the BoardAdministrator, if the period of any such leave does not exceed ninety (90) days or, if longer, if Optionee’s '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 's loss of employment by the Company or any of its subsidiaries Affiliates due to Optionee’s 's (a) willful breach or habitual neglect or continued incapacity to perform Optionee’s '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 's duties or (c) termination for cause under any employment agreement between the Company and Optionee (as defined therein). In the event Optionee’s 's employment by the Company or any of its subsidiaries Affiliates 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 Optionee ceases to be employed Optionee's employment is terminated by the Company or any of its subsidiaries Affiliates (such event being called a “"Termination”"), other than For Cause, as defined below, this Option (to the extent then exercisable except in the case of a Corporate Transaction which shall cause all Options to become exercisable) may be exercised in whole or in part at any time, except with respect to a Termination For Cause, only time within 90 days of the date of such Terminationtermination, but in no event after the earlier of the Expiration Date or a Corporate Transaction which terminates the Option pursuant to Section 15 Paragraph 16 hereof. For purposes of this Agreement, “"employment” means " includes service as an employee, director, consultant or adviser. For purposes of this Agreement, Optionee’s 's employment shall not be deemed to terminate by reason of a transfer to or from the Company or its subsidiary an Affiliate or among such entities, or sick leave, military leave or other leave of absence approved by the BoardAdministrator, if the period of any such leave does not exceed ninety (90) 90 days or, if longer, if Optionee’s '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 's loss of employment by the Company or any of its subsidiaries Affiliates due to Optionee’s 's (a) willful breach or habitual neglect or continued incapacity to perform Optionee’s '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 's duties; or (c) termination for cause under any the definition contained in Optionee's employment agreement, if any, other agreement between or in a communicated policy of the Company and Optionee (as defined therein)Company. In the event Optionee’s 's employment by the Company or any of its subsidiaries Affiliates is Terminated For Cause, then the Option shall cease to be exercisable and shall terminate as of the date of such Termination.

Exercise on Termination of Employment. If for any reason Optionee ceases to be employed by the Company or any of its subsidiaries Affiliates (such event being called a “Termination”), other than For Cause, as defined below, 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 time 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 includes service as an employee, director, consultant or adviser. 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 an Affiliate or among such entities, or sick leave, military leave or other leave of absence approved by the BoardAdministrator, 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 Affiliates 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 Affiliates 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 Optionee ceases to be employed by the Company or any of its subsidiaries Affiliates (such event being called a “"Termination”"), other than For Cause, as defined below, 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 time within 90 days of the date of such Terminationdays, but in no event after the earlier of the Expiration Date or a Corporate Transaction which terminates the Option pursuant to Section Paragraph 15 hereof. For purposes of this Agreement, “"employment” means " includes service as an employee, director, consultant or adviser. For purposes of this Agreement, Optionee’s 's employment shall not be deemed to terminate by reason of a transfer to or from the Company or its subsidiary an Affiliate or among such entities, or sick leave, military leave or other leave of absence approved by the BoardAdministrator, if the period of any such leave does not exceed ninety (90) 90 days or, if longer, if Optionee’s '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 's loss of employment by the Company or any of its subsidiaries Affiliates due to Optionee’s 's (a) willful breach or habitual neglect or continued incapacity to perform Optionee’s '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 's duties; or (c) termination for cause under any the definition contained in Optionee's employment agreement, if any, other agreement between or in a communicated policy of the Company and Optionee (as defined therein)Company. In the event Optionee’s 's employment by the Company or any of its subsidiaries Affiliates is Terminated For Cause, then the Option shall cease to be exercisable and shall terminate as of the date of such Termination.