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

Termination of Relationship with the Company. If the Participant ceases to be an Eligible Participant for any reason, then, except as provided in paragraphs (d) and (e) below, the right to exercise this option shall terminate three months after such cessation (but in no event after the Final Exercise Date), provided that (i) this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation, and (ii) to the extent that the option or any portion thereof is exercised at any time later than three months after the date that the Participant ceases to be an employee of the Company or any parent or subsidiary of the Company as defined in Section 424(e) or (f) of the Code, the option shall be a non-qualified stock option. Notwithstanding the foregoing, if the Participant, prior to the Final Exercise Date, violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company, the right to exercise this option shall terminate immediately upon such violation.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Akamai Technologies Inc), Incentive Stock Option Agreement (Akamai Technologies Inc), Incentive Stock Option Agreement (Akamai Technologies Inc)

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Termination of Relationship with the Company. If the Participant Employee ceases to be an Eligible Participant Employee for any reason, then, except as provided in paragraphs (d) and (e) below, the right to exercise this option shall terminate three months after such cessation (but in no event after the Final Exercise Date), provided that (i) this option shall be exercisable only to the extent that the Participant Employee was entitled to exercise this option on the date of such cessation, and (ii) to the extent that the option or any portion thereof is exercised at any time later than three months after the date that the Participant Employee ceases to be an employee of the Company or any parent or subsidiary of the Company as defined in Section 424(e) or (f) of the CodeCompany, the option shall be a non-qualified stock option. Notwithstanding the foregoing, if the ParticipantEmployee, prior to the Final Exercise Date, violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant Employee and the Company, the right to exercise this option shall terminate immediately upon such violation.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Market Central Inc), Stock Option Agreement (Market Central Inc)

Termination of Relationship with the Company. If the Participant Grantee ceases to be an Eligible Participant Grantee for any reason, then, except as provided in Sub-paragraphs 4(d), (de) and (ef) below, the right to exercise this option Option shall terminate three (3) months after such cessation (but in no event after the Final Exercise Date), provided that (i) this option Option shall be exercisable only to the extent that the Participant Grantee was entitled to exercise this option Option on the date of such cessation, and (ii) provided further that the Committee may, in its sole and absolute discretion agree to accelerate the vesting of the Option, upon termination of employment or otherwise, for any reason or no reason, but shall have no obligation to do so, and in each case, to the extent that the option or any portion thereof is exercised at any time later than three months after the date that the Participant ceases to be an employee of the Company or any parent or subsidiary of the Company as defined in permitted by Section 424(e) or (f) 409A of the Code, the option shall be a non-qualified stock option. Notwithstanding the foregoing, if the ParticipantGrantee, prior to the Final Exercise Date, violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant Grantee and the CompanyCompany and/or its subsidiaries or violates the provisions of Paragraphs 5 or 6 hereof, the right to exercise this option Option shall terminate immediately upon such violation.. (d)

Appears in 2 contracts

Samples: 2023 Grant Nonstatutory Stock Option Agreement (WEX Inc.), Nonstatutory Stock Option Agreement (WEX Inc.)

Termination of Relationship with the Company. If the Participant ceases to be an Eligible Participant for any reason, then, except as provided in paragraphs (d), (e) and (ef) below, the right to exercise this option shall terminate three months after such cessation or such other period of time as may be determined by the Board (but in no event after the Final Exercise Date), provided that that, except as provided in paragraph (if) below, this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation, and (ii) to the extent that the option or any portion thereof is exercised at any time later than three months after the date that the Participant ceases to be an employee of the Company or any parent or subsidiary of the Company as defined in Section 424(e) or (f) of the Code, the option shall be a non-qualified stock option. Notwithstanding the foregoing, if the Participant, prior to the Final Exercise Date, violates the non-competition competition, non-disclosure, nonsolicitation or confidentiality provisions of any employment contract, confidentiality and confidentiality, nondisclosure or nonsolicitation agreement or other agreement between the Participant and the Company, the right to exercise this option shall terminate immediately upon written notice to the Participant from the Company describing such violation.

Appears in 2 contracts

Samples: Stock Option Agreement (Network Engines Inc), Incentive Stock Option Agreement (Network Engines Inc)

Termination of Relationship with the Company. If the Participant ceases to be an Eligible Participant for any reason, then, except as provided in paragraphs (d) and (e) below, the right to exercise this option shall terminate three months after such cessation (but in no event after the Final Exercise Date), provided that THAT (i) this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation, and (ii) to the extent that the option or any portion thereof is exercised at any time later than three months after the date that the Participant ceases to be an employee of the Company or any parent or subsidiary of the Company as defined in Section 424(e) or (f) of the Code, the option shall be a non-qualified stock option. Notwithstanding the foregoing, if the Participant, prior to the Final Exercise Date, violates the provisions of the Invention Agreement, the Non-Competition Agreement, or the non-competition or confidentiality provisions of any other employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company, the right to exercise this option shall terminate immediately upon such violation.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Akamai Technologies Inc), Incentive Stock Option Agreement (Akamai Technologies Inc)

Termination of Relationship with the Company. If the Participant ceases to be an Eligible Participant for any reason, then, except as provided in paragraphs (d) and (e) below, the right to exercise this option shall terminate three months after such cessation (but in no event after the Final Exercise Date), provided that (i) this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation, and (ii) to the extent that the option or any portion thereof is exercised at any time later than three months after the date that . If the Participant ceases to be an employee of Eligible Participant prior to October 15, 2012, during the Company or any parent or subsidiary of the Company as defined in Section 424(e) or (f) of the Codethirty-day period following such cessation, the Participant may elect to convert this option, to the extent exercisable, to a nonstatutory stock option, and the Shares underlying such nonstatutory stock option shall be a non-qualified stock optionremain exercisable until October 15, 2012. Notwithstanding the foregoing, if the Participant, prior to the Final Exercise Date, Participant violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company, the right to exercise this option, or any nonstatutory option into which is has been converted, shall terminate immediately upon written notice to the Participant from the Company describing such violation.

Appears in 1 contract

Samples: NitroSecurity, Inc.

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Termination of Relationship with the Company. If the Participant ceases to be an Eligible Participant for any reason, then, except as provided in paragraphs (d) and (e) below, the right to exercise this option shall terminate three months after such cessation (but in no event after the Final Exercise Date), provided that (i) this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation, and (ii) to the extent that the option or any portion thereof is exercised at any time later than three months after the date that . If the Participant ceases to be an employee or officer of the Company or any parent or subsidiary of the Company as defined in Section 424(e) or (f) of the Code, the but remains an Eligible Participant, this option shall automatically convert and be deemed a non-qualified stock optionoption as of the date that is three months from termination of the Participant's employment. Notwithstanding the foregoing, if the Participant, prior to the Final Exercise Date, violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company, the right to exercise this option shall terminate immediately upon such violation.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (OvaScience, Inc.)

Termination of Relationship with the Company. If the Participant ceases to be an Eligible Participant for any reason, then, except as provided in paragraphs (d) and (e) below, the right to exercise this option shall terminate three months after such cessation (but in no event after the Final Exercise Date), provided that PROVIDED THAT (i) this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation, and (ii) to the extent that the option or any portion thereof is exercised at any time later than three months after the date that the Participant ceases to be an employee of the Company or any parent or subsidiary of the Company as defined in Section 424(e) or (f) of the Code, the option shall be a non-qualified stock option. Notwithstanding the foregoing, if the Participant, prior to the Final Exercise Date, violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company, the right to exercise this option shall terminate immediately upon such violation.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Akamai Technologies Inc)

Termination of Relationship with the Company. If the Participant ceases to be an Eligible Participant for any reason, then, except as provided in paragraphs (d) and (e) below, the right to exercise this option shall terminate three months after such cessation (but in no event after the Final Exercise Date), provided that (i) this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation, and (ii) to the extent that the option or any portion thereof is exercised at any time later than three months after the date that the Participant ceases to be an employee of the Company or any parent or subsidiary of the Company as defined in Section 424(e) or (f) of the Code, the option shall be a non-qualified stock option. Notwithstanding the foregoing, if the Participant, prior to the Final Exercise Date, violates the provisions of the Invention Agreement, the Non-Competition Agreement, the Employment Agreement, the Code of Business Ethics (or successor policy) or the non-competition or confidentiality provisions of any other employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company, the right to exercise this option shall terminate immediately upon such violation.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Akamai Technologies Inc)

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