Common use of Option Exercise Period Clause in Contracts

Option Exercise Period. This option may not be exercised prior to vesting. Upon the termination of your employment, any options that are not yet vested (after taking into account any accelerated vesting provided for in Section (3) of this Agreement) shall expire immediately. To the extent not exercised, vested options shall expire on , unless they expire sooner as provided below:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Legg Mason Inc)

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Option Exercise Period. This option may not be exercised prior to vesting. Upon the termination of your employment, any options that are not yet vested (after taking into account any accelerated vesting provided for in Section (3) of this Agreement) shall expire immediately. In the event your employing entity ceases to be an affiliate of the Company, then for purposes of this agreement, you shall be deemed to have terminated employment as of such date. To the extent not exercised, vested options shall expire on May 15, 2023, unless they expire sooner as provided below:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Legg Mason, Inc.)

Option Exercise Period. This option may not be exercised prior to vesting. Upon the termination of your employment, any options that are not yet vested (after taking into account any accelerated vesting provided for in Section (3) of this Agreement) shall expire immediately. To the extent not exercised, vested options shall expire on May 17, 20 , unless they expire sooner as provided below:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Legg Mason Inc)

Option Exercise Period. This option may not be exercised prior to vesting. Upon the termination of your employment, any options that are not yet vested (after taking into account any accelerated vesting provided for in Section (3) of this Agreement) shall expire immediately. To the extent not exercised, all vested and unvested options shall expire on May 2, 2023, unless they expire sooner as provided below:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Legg Mason, Inc.)

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Option Exercise Period. This option may not be exercised prior to vesting. Upon the termination of your employment, any options that are not yet vested (after taking into account any accelerated vesting provided for in Section (3) of this Agreement) shall expire immediately. To the extent not exercised, vested options shall expire on May 17, 2018, unless they expire sooner as provided below:

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Legg Mason Inc)

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