Common use of Termination of Service with the Company and its Affiliates Clause in Contracts

Termination of Service with the Company and its Affiliates. Notwithstanding anything in this Agreement to the contrary, any portion of the Option which is not exercisable upon the Optionee’s termination of employment or other engagement with the Company and its Affiliates for any reason shall terminate as of the date on which such termination of employment or other engagement occurs; provided that if Optionee’s employment or other engagement terminates for Cause, the Option, whether exercisable or nonexercisable, shall be deemed to have terminated as of the day preceding such termination of employment or other engagement. Notwithstanding the foregoing, upon an Optionee’s (i) death or termination of employment or other engagement for a Disability, the Optionee (or his representative) shall be entitled to exercise any portion of the Option that was exercisable on the date of termination of employment or other engagement until (a) the date which is six months after such date of termination, or (b) the end of the Option Term, if earlier or (ii) termination of employment or other engagement other than for Cause, death or Disability, the Optionee (or his representative) shall be entitled to exercise any portion of the Option that was exercisable on the date of termination of employment or other engagement until (a) the date which is ninety (90) days after such date of termination, or (b) the end of the Option Term, if earlier.

Termination of Service with the Company and its Affiliates. Notwithstanding anything in this Agreement to the contrary, any portion of the Option which is not exercisable upon the Optionee’s termination of employment or other engagement with the Company and its Affiliates for any reason shall terminate as of the date on which such termination of employment or other engagement occurs; provided that if Optionee’s employment or other engagement terminates for Cause, the Option, whether exercisable or nonexercisable, shall be deemed to have terminated as of the day preceding such termination of employment or other engagement. Notwithstanding the foregoing, upon an Optionee’s (i) death or termination of employment or other engagement for a Disability, the Optionee (or his representative) shall be entitled to exercise any portion of the Option that was exercisable on the date of termination of employment or other engagement until (a) the date which is six months after such date of termination, or (b) the end of the Option Term, if earlier or (ii) termination of employment or other engagement other than for Cause, death or Disability, the Optionee (or his representative) shall be entitled to exercise any portion of the Option that was exercisable on the date of termination of employment or other engagement until (a) the date which is ninety (90) thirty days after such date of termination, or (b) the end of the Option Term, if earlier.

Termination of Service with the Company and its Affiliates. Notwithstanding anything in this Agreement to the contrary, any portion of the Option which is not exercisable upon the Optionee’s termination of employment or other engagement with the Company and or any of its Affiliates for any reason shall terminate as of the date on which such termination of employment or other engagement occurs; provided that if Optionee’s employment or other engagement terminates for Cause, the Option, whether exercisable or nonexercisable, shall be deemed to have terminated as of the day preceding such termination of employment or other engagement. Notwithstanding the foregoing, upon an Optionee’s (i) death or termination of employment or other engagement for a Disability, the Optionee (or his or her representative) shall be entitled to exercise any portion of the Option that was exercisable on the date of termination of employment or other engagement until (a) the date which is six months after such date of termination, or (b) the end of the Option Term, if earlier or (ii) termination of employment or other engagement other than for Cause, death or Disability, the Optionee (or his representative) shall be entitled to exercise any portion of the Option that was exercisable on the date of termination of employment or other engagement until (a) the date which is ninety (90) days after such date of termination, or (b) the end of the Option Term, if earlier.