Extension of Exercise Rights. Upon termination as a Managerial Employee, if the Executive is eligible for this Extension of Exercise Rights benefit, the Executive shall have an extended post-termination exercise period for vested stock option equal to the lesser of the following: (a) twenty-four (24) months following the Employment Termination Date or (b) the expiration date of the grant of said vested stock options.
Appears in 2 contracts
Samples: Executive Employment Agreement (Socket Mobile, Inc.), Executive Employment Agreement (Socket Mobile, Inc.)
Extension of Exercise Rights. Upon termination as a Managerial Employee, if the Executive is eligible for this Extension of Exercise Rights benefit, the Executive shall have an extended post-termination exercise period for vested stock option equal to the lesser of the following: (a) twenty-twenty four (24) months following the Employment Termination Date or (b) the expiration date of the grant of said vested stock options.
Appears in 2 contracts
Samples: Separation Agreement and Release (Socket Mobile, Inc.), Employment Agreement (Socket Mobile, Inc.)
Extension of Exercise Rights. Upon termination as a Managerial Employeetermination, if the Executive is eligible for this Extension of Exercise Rights benefit, the Executive shall have an extended post-termination exercise period for vested stock option equal to the lesser of the following: (a) twenty-four twelve (2412) months following the Employment Termination Date or (b) the expiration date of the grant of said vested stock options.
Appears in 1 contract
Samples: Executive Employment Agreement (Socket Mobile, Inc.)
Extension of Exercise Rights. Upon termination as a Managerial Employeetermination, if the Executive is eligible for this Extension of Exercise Rights benefit, the Executive shall have an extended post-termination exercise period for vested stock option equal to the lesser of the following: (a) twenty-four twelve (2412) months following the Employment Termination Date or (b) the expiration date of the grant of said vested stock options. If upon termination, an Executive with more than ten years of continuous employment with the Company voluntarily terminates employment, the extended post-termination exercise period shall be equal to the expiration date of the grant of said vested stock options.
Appears in 1 contract
Samples: Executive Employment Agreement (Socket Mobile, Inc.)
