Common use of Termination for Any Reason Except Death, Disability or Cause Clause in Contracts

Termination for Any Reason Except Death, Disability or Cause. Unless otherwise provided in an employment agreement the terms of which have been approved by the Administrator, if Participant’s Continuous Service is terminated for any reason, except death, disability or for Cause, the Option, to the extent (and only to the extent) that it would have been exercisable by Participant on the date of termination, may be exercised by Participant no later than three (3) months after the date of termination, but in any event no later than the Expiration Date.

Appears in 2 contracts

Samples: 2004 Stock Incentive Plan (Affirmative Insurance Holdings Inc), 2004 Stock Incentive Plan (Affirmative Insurance Holdings Inc)

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Termination for Any Reason Except Death, Disability or Cause. Unless otherwise provided in an employment agreement the terms of which have been approved by the Administrator, if Participant’s Continuous Service is terminated for any reason, except death, disability or for Cause, the Option, to the extent (and only to the extent) that it would have been exercisable by Participant on the date of termination, may be exercised by Participant no later than three the one (31) months after month anniversary of the date of termination, but in any event no later than the Expiration Date.

Appears in 2 contracts

Samples: Stock Option Agreement (Affirmative Insurance Holdings Inc), Stock Option Agreement (Affirmative Insurance Holdings Inc)

Termination for Any Reason Except Death, Disability or Cause. Unless otherwise provided in an employment agreement the terms of which have been approved by the Administrator, if If Participant’s Continuous Service employment or other service is terminated for any reason, except reason other than because of death, disability Total and Permanent Disability or for Cause, the OptionOption may be exercised by Participant at any time before the earlier of thirty (30) days after the date of termination or the Expiration Date, but only to the extent (and only to that the extent) that it Option would have been exercisable by Participant on the date of termination, may be exercised by Participant no later than three (3) months after the date of termination, but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Panda Ethanol, Inc.)

Termination for Any Reason Except Death, Disability or Cause. Unless otherwise provided in an employment agreement the terms of which have been approved by the Administrator, if Participant’s Continuous Service is terminated for any reason, except death, disability Disability or for Cause, the Option, to the extent (and only to the extent) that it would have been exercisable by Participant on the date of termination, may be exercised by Participant no later than three (3) months after the date of termination, but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Stock Option Agreement (Affirmative Insurance Holdings Inc)

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Termination for Any Reason Except Death, Disability or Cause. Unless otherwise provided in an employment agreement the terms of which have been approved by the Administrator, if If Participant’s 's Continuous Service is terminated for any reason, except death, disability Disability or for Cause, the Option, to the extent (and only to the extent) that it would have been exercisable by Participant on the date of termination, may be exercised by Participant no later than three (3) months after the date of termination, but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Stock Option Exercise Agreement (LandBank Group Inc)

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