Common use of Regular Termination Clause in Contracts

Regular Termination. If your employment terminates for any reason except death or disability, these options will expire at the close of business at Company headquarters on the second (2nd) anniversary of your termination date, but in no event later than on the specified expiration date described above. During that two-year period, you may exercise that portion of these options that were vested on your termination date.

Appears in 1 contract

Sources: Employee Agreement (SMTP, Inc.)

Regular Termination. If your employment Employment terminates for any reason except death or disability, these options your Option will expire at the close of business at Company headquarters on the second (2nd) anniversary of 90th day after your termination date, but in no event later than on the specified expiration termination date described in paragraph 3 above. During that two90-year day period, you may exercise that portion of these options your Option that were was vested on your termination date.

Appears in 1 contract

Sources: Nonstatutory Stock Option Agreement (Mister Goody, Inc.)