Common use of Limitations on Exercise of Option Clause in Contracts

Limitations on Exercise of Option. Notwithstanding the foregoing Sections, in no event may the Option be exercised: (i) in whole or in part, after ten years following the Grant Date, as set forth in Section 1 above, (ii) following termination of employment or other relationship for Cause (as defined below) or (iii) following termination of employment or other relationship except as provided in Sections 7.1, 7.2, and 7.3 below. For purposes of this Stock Option Agreement, "

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Global Imaging Systems Inc), Option Agreement (Global Imaging Systems Inc)

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Limitations on Exercise of Option. Notwithstanding the foregoing Sections, in no event may the Option be exercised: (i) in whole or in part, after ten years following the Grant Date, as set forth in Section 1 above, (ii) following termination of employment or other relationship for Cause (as defined below) or (iii) following termination of employment or other relationship except as provided in Sections 7.16.1, 7.2, 6.2 and 7.3 6.3 below. For purposes of this Stock Option Agreement, "

Appears in 2 contracts

Samples: Stock Option Agreement (Via Net Works Inc), Stock Option Agreement (Via Net Works Inc)

Limitations on Exercise of Option. Notwithstanding the foregoing Sections, in no event may the Option be exercised: (i) in whole or in part, after ten years following the Grant Date, as set forth in Section 1 above, (ii) following termination of employment or other Optionee's relationship with the Company for Cause (as defined below) or (iii) following termination of employment or other Optionee's relationship due to death except as provided in Sections 7.1, Section 7.2, and 7.3 below. For purposes of this Stock Option Agreement, "

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Global Imaging Systems Inc), Incentive Stock Option Agreement (Global Imaging Systems Inc)

Limitations on Exercise of Option. Notwithstanding the foregoing Sections, in no event may the Option be exercised: (i) in whole or in part, after ten years following the Grant Date, as set forth in Section 1 above, (ii) following termination of employment or other relationship for Cause (as defined below) or (iii) following termination of employment or other relationship except as provided in Sections 7.17(a), 7.27(b), and 7.3 7(c) below. For purposes of this Stock Option Agreement, "

Appears in 1 contract

Samples: Stock Option Agreement (Itc Deltacom Inc)

Limitations on Exercise of Option. Notwithstanding the foregoing Sections, in no event may the Option be exercised: (i) in whole or in part, after ten years following [grant date of option tendered for exchange and replaced by the Grant Date, as set forth in Section 1 aboveOption], (ii) following termination of employment or other relationship for Cause (as defined below) or (iii) following termination of employment or other relationship except as provided in Sections 7.1, 7.2, and 7.3 below. For purposes of this Stock Option Agreement, "

Appears in 1 contract

Samples: Employee Stock Option Agreement (Answerthink Inc)

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Limitations on Exercise of Option. Notwithstanding the foregoing Sections, in no event may the Option be exercised: (i) in whole or in part, after ten years following the Grant Date, as set forth in Section 1 above[grant date of option tendered for exchange and replaced by the Option, (ii) following termination of employment or other relationship service for Cause (as defined below) or (iii) following termination of employment or other relationship service except as provided in Sections 7.1, 7.2, and 7.3 below. For purposes of this Stock Option Agreement, "

Appears in 1 contract

Samples: Director Stock Option Agreement (Answerthink Inc)

Limitations on Exercise of Option. Notwithstanding the foregoing Sections, in no event may the Option be exercised: (i) in whole or in part, after ten years following the Grant Date, as set forth in Section SECTION 1 above, (ii) following termination of employment or other Optionee's relationship with the Company for Cause (as defined below) or (iii) following termination of employment or other Optionee's relationship due to death except as provided in Sections 7.1, SECTION 7.2, and 7.3 below. For purposes of this Stock Option Agreement, "

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Global Imaging Systems Inc)

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