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 Optionholder for any reason, then, except as provided in paragraph (d) below, the right to exercise this option shall terminate 3 months after such cessation, except that this option shall be exercisable to the extent that the Optionee was entitled to exercise this Option on the date of such cessation.

Appears in 4 contracts

Samples: Independent Director Agreement (China HGS Real Estate Inc.), Independent Director Agreement (China HGS Real Estate Inc.), Independent Director Agreement (China HGS Real Estate Inc.)

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Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionholder eligible under the provisions of paragraph 3(c) for any reason, then, except as provided in paragraph (de) below, the right to exercise this option the Option shall terminate 3 three (3) months after such cessationcessation (but in no event after the Expiration Date), except provided that this option the Option shall be exercisable only to the extent that the Optionee was entitled to exercise this the Option on the date of such cessation.

Appears in 2 contracts

Samples: Plan and Agreement (Interleaf Inc /Ma/), Plan and Agreement (Interleaf Inc /Ma/)

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionholder Optionee for any reason, then, except as provided in paragraph (dSections 3(d)-(g) below, the right to exercise this option shall terminate 3 three (3) months after such cessationcessation (but in no event after the Final Exercise Date), except provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this Option option on the date of such cessation.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Avid Technology Inc), Nonstatutory Stock Option Agreement (Avid Technology Inc)

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionholder a Service Provider for any reasonreason while the Option is outstanding, then, except as provided in paragraph Sections 3(d) and (d) belowe), the right to exercise this option the Option shall terminate 3 three months after such cessationcessation (but in no event after the Termination Date), except provided that this option the Option shall be exercisable only to the extent and with respect to the number of Option Shares that the Optionee was entitled to exercise this Option on the date of such cessation.

Appears in 1 contract

Samples: Stock Option Agreement (Memory Pharmaceuticals Corp)

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionholder Optionee for any reason, then, except as provided in paragraph paragraphs (de) and (f) below, the right to exercise this option shall terminate 3 three months after such cessationcessation (but in no event after the final Installment Expiration Date), except provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this Option option on the date of such cessation.

Appears in 1 contract

Samples: Stock Option Agreement (Rsa Security Inc/De/)

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Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionholder Optionee for any reason, then, except as provided in paragraph paragraphs (de) and (f) below, the right to exercise this option shall terminate 3 three months after such cessationcessation (but in no event after the final Installment Expiration Date), PROVIDED THAT, except that as otherwise provided in Section 9, this option shall be exercisable only to the extent that the Optionee was entitled to exercise this Option option on the date of such cessation.

Appears in 1 contract

Samples: Stock Option Agreement (Rsa Security Inc/De/)

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionholder Optionee for any reason, then, except as provided in paragraph paragraphs (de) below, the right to exercise this option shall terminate 3 months 90 days after such cessationcessation (but in no event after the Expiration Date), except provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this Option option on the date of such cessation.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Sunterra Corp)

Termination of Relationship with the Company. If the Optionee ceases to be an Eligible Optionholder Optionee for any reason, thenwhether by death, except as provided in paragraph (d) belowresignation, removal or otherwise, then the right to exercise this option shall terminate 3 months 60 days after such cessationcessation (but in no event after the Expiration Date), except provided that this option shall be exercisable only to the extent that the Optionee was entitled to exercise this Option option on the date of such cessation.

Appears in 1 contract

Samples: American Superconductor Corp /De/

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