Termination of Employment or Death. a. In the event Optionee’s employment shall be involuntarily terminated by the Company without cause, the Optionee may exercise the Options, provided such exercise occurs both within the remaining effective term of the Options and ninety (90) days after the date of termination by the Company.
Appears in 2 contracts
Samples: Employee Stock Option Agreement (Usana Health Sciences Inc), Employee Stock Option Agreement (Usana Health Sciences Inc)
Termination of Employment or Death. a. In the event Optionee’s employment shall be involuntarily terminated by the Company without cause, the Optionee may exercise Options shall only be exercisable for those portions of the OptionsOptions which have completely vested as of the date of Involuntary Termination of Employment, provided such exercise occurs both within the remaining effective term of the Options and ninety (90) days after the date of termination by the Company.
Appears in 2 contracts
Samples: Employee Incentive Stock Option Agreement (Usana Health Sciences Inc), Usana Health (Usana Health Sciences Inc)
Termination of Employment or Death. a. In the event Optionee’s 's employment shall be involuntarily terminated by the Company without cause, the Optionee may exercise the Options, provided such exercise occurs both within the remaining effective term Options shall only be exercisable for those portions of the Options which have completely vested as of the date of Involuntary Termination of Employment and ninety (90) days may be exercised within three months after the date of termination by the Company.
Appears in 1 contract
Samples: Employee Incentive Stock Option Agreement (Nebo Products Inc)
