Common use of Exercise Period Upon Termination of Relationship with the Company Clause in Contracts

Exercise Period Upon Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 3 months after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, violates the non-competition, non-solicitation or confidentiality provisions of any employment, consulting or advisory contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon such violation.

Appears in 6 contracts

Sources: Employee Stock Option Agreement (Idexx Laboratories Inc /De), Employee Stock Option Agreement (Idexx Laboratories Inc /De), Employee Stock Option Agreement (Idexx Laboratories Inc /De)

Exercise Period Upon Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 3 months after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, violates any legal duty to the non-competition, non-solicitation Company or confidentiality provisions of violates any employment, consulting or advisory contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon such violation.

Appears in 3 contracts

Sources: Director Stock Option Agreement (Idexx Laboratories Inc /De), Director Stock Option Agreement (Idexx Laboratories Inc /De), Director Stock Option Agreement (Idexx Laboratories Inc /De)

Exercise Period Upon Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee Employee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 3 months [time period] after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the any non-competition, non-solicitation competition or confidentiality provisions of any employment, consulting or advisory contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon such violation.

Appears in 1 contract

Sources: Non Statutory Stock Option Agreement (Boston Acoustics Inc)

Exercise Period Upon Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee Employee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 3 three months after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the any non-competition, non-solicitation competition or confidentiality provisions of any employment, consulting or advisory contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon such violation.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Starmet Corp)

Exercise Period Upon Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee employed or engaged by the Company for any reason, then, except as provided in paragraphs subsections (e) and (f) below, the right to exercise this option shall terminate 3 three months after such cessation (but in no event after the Expiration Date), provided that and this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the any non-competition, non-solicitation competition or confidentiality provisions of any employment, consulting or advisory contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon such violation.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Clinical Data Inc)