Common use of Termination of Service Clause in Contracts

Termination of Service. (a) If, prior to the Expiration Date, the Participant’s Service with the Company shall terminate (the date of termination being the “Date of Termination”) by reason of a Normal Termination (as defined in the Plan), the Options shall remain exercisable until the earlier of the Expiration Date or the day three (3) months after the Date of Termination to the extent the Options were vested and exercisable as of the Date of Termination.

Appears in 21 contracts

Samples: Incentive Stock Option Agreement (Neustar Inc), Incentive Stock Option Agreement (Neustar Inc), Incentive Stock Option Agreement (Neustar Inc)

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Termination of Service. (a) If, If prior to the Expiration Date, the Participant’s Service with the Company shall terminate (the date of termination being the “Date of Termination”) by reason of a Normal Termination (as defined in the Plan), the Options shall remain exercisable until the earlier of the Expiration Date or the day three (3) months days after such date of termination (the Date of Termination Termination”) to the extent the Options were vested and exercisable as of the Date of Termination.

Appears in 11 contracts

Samples: Nonqualified Stock Option Agreement (Neustar Inc), Nonqualified Stock Option Agreement (Neustar Inc), Nonqualified Stock Option Agreement (Neustar Inc)

Termination of Service. (a) IfIn the event of the Participant's termination of service, the Option may be exercised only to the extent exercisable on the date of the Participant's Termination Date (unless the termination was for Cause), and the Option must be exercised, if at all, prior to the Expiration Date, the Participant’s Service with the Company shall terminate (the date of termination being the “Date of Termination”) by reason of a Normal Termination (as defined in the Plan), the Options shall remain exercisable until the earlier first to occur of the Expiration Date or following, whichever shall be applicable: (i) the day three (3) months after the Date of Termination to the extent the Options were vested and exercisable as close of the Date three-month period following the Termination Date; or (ii) the close of Terminationthe Option Period.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (Pokertek, Inc.), Nonqualified Stock Option Agreement (Pokertek Inc), Nonqualified Stock Option Agreement (Pokertek, Inc.)

Termination of Service. (a) If, prior to If the Expiration DateParticipant's Service is terminated by the Company for any reason other than Cause, the Participant’s Service with portion of the Company shall terminate (Option that is exercisable at the date time of such termination being the “Date of Termination”) by reason of a Normal Termination (as defined in the Plan), the Options shall remain exercisable until the earlier of (i) the Expiration Date set forth in Section 3 of this Agreement or (ii) the day three (3) months after the Date first anniversary of Termination to the extent the Options were vested and exercisable as such termination. The portion of the Date Option that is not exercisable at the time of Terminationsuch termination shall expire at the close of business on the date of such termination.

Appears in 1 contract

Samples: Nonstatutory Stock Option Award Agreement (Morningstar, Inc.)

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Termination of Service. (a) If, If prior to the Expiration Date, the Participant’s Service with the Company shall terminate (the date of termination being the “Date of Termination”) by reason of a Normal Termination (as defined in the Plan), the Options shall remain exercisable until the earlier of the Expiration Date or the day three (3) months after such date of termination (the Date of Termination Termination”) to the extent the Options were vested and exercisable as of the Date of Termination.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Neustar Inc)

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