Common use of Exercise on Termination of Employment Clause in Contracts

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.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Avic Group International Inc/), Nonqualified Stock Option Agreement (Avic Group International Inc/)

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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.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Avic Group International Inc/)

Exercise on Termination of Employment. In the event of Optionee's death or disability, as defined in the Employment Agreement, or if Optionee shall cease to be employed by the Company, Optionee's right to exercise the Option will be limited to installments accrued as provided under Paragraph 3 hereof on the date of termination. 6hereof.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Avic Group International Inc/)

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Exercise on Termination of Employment. In the event of Optionee's death or disability, as defined in the Employment Agreement, or if Optionee shall cease to be employed by the Company, Optionee's right to exercise the Option will be limited to installments accrued as provided under Paragraph 3 hereof on the date of terminationhereof. 6.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Avic Group International Inc/)

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