Common use of Normal Termination Clause in Contracts

Normal Termination. If Optionee’s service as a Consultant ceases, or, except as specified in Sections 2(b) and (c) below, if Optionee’s Continuous Employment ceases, this Option may be exercised, but only to the extent vested on the date of such cessation of Continuous Employment or service as a Consultant, until the earlier of (i) three months after the date upon which Optionee ceases his or her Continuous Employment or service as a Consultant, or (ii) the original ten-year Option term.

Appears in 4 contracts

Samples: Stock Option Agreement (Sonicwall Inc), Executive Officer Agreement (Sonicwall Inc), Stock Option Agreement (Sonicwall Inc)

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Normal Termination. If Optionee’s service as a Consultant ceases, or, except as specified in Sections 2(b2(b)(i) and (cii) below, if Optionee’s Continuous Employment ceases, this Option may be exercised, but only to the extent vested on the date of such cessation of Continuous Employment or service as a Consultant, until the earlier of (i) three months ninety days after the date upon which Optionee ceases his or her Continuous Employment or service as a Consultant, or (ii) the original ten-year Option term.

Appears in 1 contract

Samples: Stock Option Agreement (Sonicwall Inc)

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