Common use of Termination of Relationship with the Company Clause in Contracts

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 12 months after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 5 contracts

Samples: Non Statutory (Baycorp Holdings LTD), Non Statutory (Baycorp Holdings LTD), Non Statutory (Baycorp Holdings LTD)

AutoNDA by SimpleDocs

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option Option shall terminate 12 three months after such cessation (but in no event after the Expiration Final Exercise Date), provided that this option Option shall be exercisable only to the extent that the Optionee was entitled to exercise this option Option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Final Exercise Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option Option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 4 contracts

Samples: Stock Option Agreement (Alseres Pharmaceuticals Inc /De), Stock Option Agreement (Boston Life Sciences Inc /De), Stock Option Agreement (Boston Life Sciences Inc /De)

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 12 months after such cessation (but in no event after the Expiration Date), provided PROVIDED that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 4 contracts

Samples: Non Statutory (Baycorp Holdings LTD), Non Statutory (Baycorp Holdings LTD), Stock Option Agreement (Baycorp Holdings LTD)

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 12 three months after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 3 contracts

Samples: Non Statutory Stock Option Agreement (Biosphere Medical Inc), Non Statutory (Epresence Inc), Stock Option Agreement (Comverse Technology Inc/Ny/)

Termination of Relationship with the Company. If In the event the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) belowParticipant, the right Optionee may, to the extent otherwise so entitled at the date of such termination (the “Termination Date”), exercise this option shall terminate 12 Option for a period of three months after such cessation (but in no event after following the Expiration Termination Date), provided that this option shall be exercisable only to . To the extent that the Optionee was not entitled to exercise this option on Option at the date of such cessationtermination, or if the Optionee does not exercise this Option within the time specified herein, this Option shall terminate. Notwithstanding the foregoing, if the Optionee, prior to during the Expiration Dateterm of this Option, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option Option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 3 contracts

Samples: Stock Option Agreement (SS&C Technologies Holdings Inc), Stock Option Agreement (SS&C Technologies Holdings Inc), Stock Option Agreement (Ss&c Technologies Inc)

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 12 months [60 days] after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (American Superconductor Corp /De/), American Superconductor Corp /De/

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (ed) and (fe) below, the right to exercise this option shall terminate 12 three months after such cessation (but in no event after the Expiration Final Exercise Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Final Exercise Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other similar agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 2 contracts

Samples: Avid Technology Inc, Avid Technology Inc

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (eparagraphs(d) and (fe) below, the right to exercise this option shall terminate 12 three months after such cessation (but in no event after the Expiration Final Exercise Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Final Exercise Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 1 contract

Samples: Avid Technology Inc

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 12 twelve (12) months after such cessation (but in no event after the Expiration Dateexpiration date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Datedate, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and or nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 1 contract

Samples: Stock Option Agreement (Cisco Systems Inc)

Termination of Relationship with the Company. If the Optionee ----------------------------------------------- ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (ea) and (fb) below, the right to exercise this option shall terminate 12 months one (1) year after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the . The right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 1 contract

Samples: Stock Option Agreement (Gateway Distributors LTD)

Termination of Relationship with the Company. If the Optionee -------------------------------------------- ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 12 3 months after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the ------------- Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Epresence Inc)

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee of the Company for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 12 three months after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure non-disclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Vision Sciences Inc /De/)

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 12 twelve (12) months after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 1 contract

Samples: Stock Option Agreement (Cisco Systems Inc)

Termination of Relationship with the Company. If the Optionee --------------------------------------------- ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 12 3 months after such cessation (but in no event after the Expiration Date), - provided that this option shall be exercisable only to the extent that the -------- ---- Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 1 contract

Samples: Incorporated 1992 Stock Incentive Plan Non Statutory Stock Option Agreement (Banyan Systems Inc)

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 12 three (3) months after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that of the Optionee was entitled to exercise this option on the date of such cessationvested shares . Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the non-competition or confidentiality provisions of any employment contractthe Employment Agreement, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 1 contract

Samples: Form of Option Offering Agreement (iKang Healthcare Group, Inc.)

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 12 _____ months after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing describing] such violation.

Appears in 1 contract

Samples: Stock Option Agreement (Baycorp Holdings LTD)

AutoNDA by SimpleDocs

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 12 months after such cessation (but in no event after the Expiration Date), provided that PROVIDED THAT this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the non-non- competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 1 contract

Samples: Non Statutory (Baycorp Holdings LTD)

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee have continuous relationship with the Company as described in paragraph (b) above for any reason, then, except as provided in paragraphs (ed) and (fe) below, the right to exercise this option Option shall terminate 12 three (3) months after such cessation (but in no event after the Expiration Final Exercise Date), provided that this option Option shall be exercisable only to the extent that the Optionee was entitled to exercise this option Option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Final Exercise Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option Option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 1 contract

Samples: Stock Option Agreement (Sino Clean Energy Inc)

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 12 3 months after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 1 contract

Samples: Stock Option Agreement (Epresence Inc)

Termination of Relationship with the Company. If the Optionee --------------------------------------------- ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 12 3 months after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the ------------- Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Epresence Inc)

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 12 three months after such cessation (but in no event after the Expiration Date), provided that PROVIDED THAT this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 1 contract

Samples: Casella Waste Systems Inc

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (ec), (d) and (fe) below, the right to exercise this option shall terminate 12 months two hundred seventy (270) days after such cessation (but in no event after the Scheduled Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Scheduled Expiration Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Parexel International Corp)

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (ec), (d) and (fe) below, the right to exercise this option shall terminate 12 months sixty (60) days after such cessation (but in no event after the Scheduled Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Scheduled Expiration Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Parexel International Corp)

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 12 three (3) months after such cessation (but in no event after the Expiration DateDate applicable to such option), provided that this option option: shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Option Expiration Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise the options granted under this option Agreement shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Capricor Therapeutics, Inc.)

Termination of Relationship with the Company. If the Optionee -------------------------------------------- ceases to be an Eligible Optionee for any reason, then, except as provided in paragraphs (e) and (f) below, the right to exercise this option shall terminate 12 months 90 days after such cessation (but in no event after the Expiration Date), provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Optionee, prior to the Expiration Date, materially violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Optionee and the Company, the right to exercise this option shall terminate immediately upon written notice to the Optionee from the Company describing such violation.

Appears in 1 contract

Samples: Stock Option Agreement (Epresence Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.