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

Termination for Any Reason Except Death or Disability. If ----------------------------------------------------- Participant is terminated for any reason, except death or Disability, notwithstanding any other provision in this Agreement to the contrary, the Option, to the extent that it would have been exercisable by Participant on the date of termination pursuant to this Agreement, may be exercised by Participant no later than thirty (30) days after the date of termination, but in any event no later than the Expiration Date.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Micron Electronics Inc), Nonqualified Stock Option Agreement (Micron Electronics Inc), Nonqualified Stock Option Agreement (Micron Electronics Inc)

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Termination for Any Reason Except Death or Disability. If ----------------------------------------------------- Participant is terminated Participant’s employment with or service as a director or consultant to the Company or to any Parent or Subsidiary terminates for any reason, except reason other than death or Disability, notwithstanding any other provision in this Agreement to the contraryDisability of Participant, the Option, to the extent (and only to the extent) that it would have been exercisable by Participant on the date of termination pursuant to this Agreementsuch termination, may thereafter be exercised by Participant no later than thirty three (303) days months after the date of such termination, but in any event no later than the Expiration Date.

Appears in 2 contracts

Samples: Option Agreement (Vyyo Inc), Option Agreement (Vyyo Inc)

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Termination for Any Reason Except Death or Disability. If ----------------------------------------------------- Participant is terminated for any reason, except death or Disability, notwithstanding any other provision in this Agreement to the contrary, the Option, to the extent that it would have been exercisable by Participant on the date of termination pursuant to this Agreement, may be exercised by Participant no later than thirty (30) days after the date of termination, but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Micron Electronics Inc)

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