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Common use of Option Exercisability Clause in Contracts

Option Exercisability. The vested portion of any stock options held by Executive as of the termination date will remain exercisable until the earlier of (i) the term of the applicable option or (ii) the date six (6) months from the termination date.

Appears in 18 contracts

Sources: Severance and Change of Control Agreement (Phoenix Technologies LTD), Severance and Change of Control Agreement (Phoenix Technologies LTD), Severance and Change of Control Agreement (Phoenix Technologies LTD)

Related Clauses

  • Exercisability
  • Vesting and Exercisability of Option
  • Period of Exercisability
  • Exercisability of Option
  • Duration of Exercisability

Parent Clauses

  • Effect of Termination of Service
  • Severance Benefits
  • Termination other than for Cause
  • Retirement Benefits
  • Involuntary Termination other than for Cause, Disability or Death

Sub-Clauses

  • Death
  • Disability
  • Other Termination of Service
  • Termination for Cause
  • Termination After Change in Control
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