Failure to Exercise Option. To the extent that the Option of any deceased Optionee or any Optionee whose employment or service terminates is not exercised within the applicable period, all further rights to purchase shares pursuant to the Option shall cease and terminate.
Appears in 5 contracts
Samples: Stock Option Agreement (Aftermarket Enterprises, Inc.), Stock Option Agreement (Altair Nanotechnologies Inc), Stock Option Agreement (Altair Nanotechnologies Inc)
Failure to Exercise Option. To the extent that the Option of any deceased Optionee or any Optionee whose employment or service terminates is not exercised within the applicable exercise period, all further rights to purchase shares pursuant to the Option shall cease and terminate.
Appears in 4 contracts
Samples: Employment Agreement (Tullys Coffee Corp), Employment Agreement (Tullys Coffee Corp), Employment Agreement (Tullys Coffee Corp)
Failure to Exercise Option. To In the event of the termination of employment of the Optionee, to the extent that the Option of any deceased Optionee or any Optionee whose employment or service terminates is not exercised within the applicable periodlimited periods provided above, all further rights to purchase shares pursuant to the Option shall cease and terminateterminate at the expiration of such periods.
Appears in 2 contracts
Samples: Non Statutory Stock Option Agreement (Northwest Natural Gas Co), Non Statutory Stock Option Agreement (Northwest Natural Gas Co)
Failure to Exercise Option. To the extent that the Option option of any deceased Optionee optionee or of any Optionee optionee whose employment or service terminates is not exercised within the applicable period, all further rights to purchase shares pursuant to the Option such option shall cease and terminate.
Appears in 1 contract
Failure to Exercise Option. To the extent that the Option of any deceased Optionee, totally disabled Optionee, or terminated Optionee or of any Optionee whose employment or service terminates is not exercised within the applicable period, all further rights to purchase shares pursuant to the Option shall cease and will automatically terminate.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Athena Medical Corp)
Failure to Exercise Option. To the extent that the Option option of any deceased Optionee or of any Optionee whose employment or service terminates is not exercised within the applicable period, all further rights to purchase shares of Common Stock pursuant to the Option such option shall cease and terminate.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Microvision Inc)
