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 Participant's death or Disability, then this 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 (or seven (7) months after the date of Termination if the Company is then subject to Section 16 of the Exchange Act and Participant's transactions in securities of the Company were subject to Section 16(b) of the Exchange Act on the date of Termination), but in any event no later than the Expiration Date.

Appears in 2 contracts

Samples: Stock Option Agreement (Ijnt Net Inc), Stock Option Agreement (HNC Software Inc/De)

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Termination for Any Reason Except Death or Disability. If Participant is Terminated for any reason, except Participant's ’s death or Disability, then this 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 (or seven (7) months after the date of Termination if the Company is then subject to Section 16 of the Exchange Act and Participant's ’s transactions in securities of the Company were subject to Section 16(b) of the Exchange Act on the date of Termination), but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Stock Option Agreement (S1 Corp /De/)

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Termination for Any Reason Except Death or Disability. If ----------------------------------------------------- Participant is Terminated for any reason, except Participant's death or Disability, then this 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 (or seven (7) months after the date of Termination if the Company is then subject to Section 16 of the Exchange Act and Participant's transactions in securities of the Company were subject to Section 16(b) of the Exchange Act on the date of Termination), but in any event no later than the Expiration Date.

Appears in 1 contract

Samples: Stock Option Agreement (HNC Software Inc/De)

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