Common use of Option Termination Clause in Contracts

Option Termination. The Option shall terminate on July 11, 2015; provided, however, that if Optionee ceases to be either an Employee or a Consultant prior thereto, then the Option shall terminate earlier pursuant to the terms of Sections 10(d), 10(e), and 10(f) of the Plan.

Appears in 1 contract

Sources: Inducement Stock Option Agreement (Capstone Turbine Corp)

Option Termination. The Option shall terminate on July 11December 18, 20152016; provided, however, that if Optionee ceases to be either an Employee or a Consultant prior thereto, then the Option shall terminate earlier pursuant to the terms of Sections 10(d), 10(e), and 10(f) of the Plan.

Appears in 1 contract

Sources: Inducement Stock Option Agreement (Capstone Turbine Corp)

Option Termination. The Option shall terminate at the close of business on July 11February 5, 20152017; provided, however, that if Optionee ceases to be either an Employee or a Consultant prior thereto, then the Option shall terminate earlier pursuant to the terms of Sections 10(d), 10(e), and 10(f) of the Plan.

Appears in 1 contract

Sources: Inducement Stock Option Agreement (Capstone Turbine Corp)