Common use of Termination of Services Clause in Contracts

Termination of Services. If the Optionee’s services with the Company and all Related Corporations are terminated for any reason (other than death or disability) prior to the Expiration Date, then this Option may be exercised by Optionee, to the extent of the number of Common Shares with respect to which the Optionee could have exercised it on the date of such termination of services, at any time prior to the earlier of (i) the Expiration Date, or (ii) three months after such termination of services. Any part of the Option that was not exercisable immediately before the termination of Optionee’s services shall terminate at that time.

Appears in 19 contracts

Samples: Nonqualified Stock Option Agreement (Beacon Energy Holdings, Inc.), Nonqualified Stock Option Agreement (Volcan Holdings, Inc.), Nonqualified Stock Option Agreement (Interclick, Inc.)

AutoNDA by SimpleDocs

Termination of Services. If the Optionee’s services with the Company and all Related Corporations are terminated for any reason (other than death or disability) prior to the Expiration Date, then this Option may be exercised by Optionee, to the extent of the number of Common Shares with respect to which the Optionee could have exercised it on the date of such termination of services, at any time prior to the earlier of (i) the Expiration Date, or (ii) three months ninety (90) days after such termination of services. Any part of the Option that was not exercisable immediately before the termination of Optionee’s services shall terminate at that time.

Appears in 6 contracts

Samples: Nonqualified Stock Option Agreement (Bullfrog Gold Corp.), Nonqualified Stock Option Agreement (Be Active Holdings, Inc.), Nonqualified Stock Option Agreement (Rapid Holdings Inc.)

Termination of Services. If the Optionee’s services with the Company and all Related Corporations are terminated for any reason (other than death or disability) prior to the Expiration Date, then this Option may be exercised by Optionee, to the extent of the number of Common Shares with respect to which the Optionee could have exercised it on the date of such termination of services, at any time prior to the earlier of (i) the Expiration Date, or (ii) three months after such termination of services. Any part of the Option that was not exercisable immediately before the termination of Optionee’s services shall terminate at that time.

Appears in 1 contract

Samples: Stock Option Agreement (Silver Horn Mining Ltd.)

AutoNDA by SimpleDocs

Termination of Services. If the Optionee’s services with the Company and all Related Corporations are terminated for any reason (other than death or disability) prior to the Expiration Date, then this Option may be exercised by Optionee, to the extent of the number of Common Shares with respect to which the Optionee could have exercised it on the date of such termination of services, at any time prior to the earlier of (i) the Expiration Date, or (ii) three months two (2) years after such termination of services. Any part of the Option that was not exercisable immediately before the termination of Optionee’s services shall terminate at that time.

Appears in 1 contract

Samples: Marathon Patent Group (Marathon Patent Group, Inc.)

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