Common use of Termination by the Employer Without Cause Clause in Contracts

Termination by the Employer Without Cause. If prior to the exercise of the Option, the Optionee's employment with the Employer shall be terminated by the Employer without Cause, then the Option (subject to subsection (h) below) held by the Optionee may be exercised at any time within three months after the Optionee's termination of employment. For purposes of this Option Agreement, if the Subsidiary by which the Optionee is employed ceases to be a Subsidiary, whether through a sale by the Company of all or a portion of the stock or assets of such Subsidiary, a merger or otherwise (a "Subsidiary Transaction"), the Optionee's employment with the Employer shall be deemed to have been terminated by the Employer without Cause as of the effective date of such Subsidiary Transaction.

Termination by the Employer Without Cause. If prior to the exercise of the Option, the Optionee's ’s employment with the Employer shall be terminated by the Employer without Cause, then the Option (subject to subsection (h) below) held by the Optionee may be exercised at any time within three months after the Optionee's ’s termination of employment. For purposes of this Option Agreement, if the Subsidiary by which the Optionee is employed ceases to be a Subsidiary, whether through a sale by the Company of all or a portion of the stock or assets of such Subsidiary, a merger or otherwise (a "“Subsidiary Transaction"”), the Optionee's ’s employment with the Employer shall be deemed to have been terminated by the Employer without Cause as of the effective date of such Subsidiary Transaction.

Termination by the Employer Without Cause. If prior to the exercise of the Option, the Optionee's ’s employment with the Employer shall be terminated by the Employer without Cause, then the Option (subject to subsection (hg) below) held by the Optionee may be exercised at any time within three months after the Optionee's ’s termination of employment. For purposes of this Option Agreement, if the a Subsidiary by which the Optionee is employed ceases to be a Subsidiary, whether through a sale by the Company of all or a portion of the stock or assets of such Subsidiary, a merger or otherwise (a "“Subsidiary Transaction"”), the Optionee's ’s employment with the Employer shall be deemed to have been terminated by the Employer without Cause as of the effective date of such Subsidiary Transaction.

Termination by the Employer Without Cause. If prior to the exercise of the Option, the Optionee's ’s employment with the Employer shall be terminated by the Employer without Cause, then the Option (subject to subsection (h) below) held by the Optionee may be exercised at any time within three months after the Optionee's ’s termination of employment. For purposes of this Option Agreement, if the a Subsidiary by which the Optionee is employed ceases to be a Subsidiary, whether through a sale by the Company of all or a portion of the stock or assets of such Subsidiary, a merger or otherwise (a "“Subsidiary Transaction"”), the Optionee's ’s employment with the Employer shall be deemed to have been terminated by the Employer without Cause as of the effective date of such Subsidiary Transaction.