Common use of Termination of Status as an Employee Clause in Contracts

Termination of Status as an Employee. If the Optionee ceases to serve as an employee, he may, but only within thirty (30) days after the date he ceased to be an Employee of the Company, exercise this Option to the extent that he was entitled to exercise it at the date of such termination. To the extent that he was not entitled to exercise this option at the date of such termination, or if he does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 4 contracts

Samples: Stock Option Agreement (Lasermedia Communications Corp /Fi), Stock Option Agreement (Lasermedia Communications Corp), Stock Option Agreement (Lasermedia Communications Corp /Fi)

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Termination of Status as an Employee. If the Optionee ceases to serve as an employeeEmployee, he may, but only within thirty ninety (3090) days after the date he ceased to be an Employee of the Company, exercise this Option to the extent that he was entitled to exercise it at the date of such termination. To the extent that he was not entitled to exercise this option Option at the date of such termination, or if he does not exercise this Option within the time specified herein, the this Option shall terminate.

Appears in 3 contracts

Samples: Form of Option Agreement (Feinberg Larry N), Incentive Stock Option Agreement (Reicher Michael K), Incentive Stock Option Agreement (Halsey Drug Co Inc/New)

Termination of Status as an Employee. If the Optionee ceases to serve as an employeeEmployee, he may, but only within thirty (30) days after the date he ceased to be an Employee of the Company, exercise this Option to the extent that he was entitled to exercise it at the date of such termination. To the extent that he was not entitled to exercise this option Option at the date of such termination, or if he does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Intersystems Inc /De/), Incentive Stock Option Agreement (Futterman Jack)

Termination of Status as an Employee. If In the event of termination, Optionee ceases to serve as an employee, he may, but only within thirty (30) days three months after the date he ceased to be an Employee of such termination (but in no event later than the date of expiration of the Companyterm of this Option as set forth in Section 11 below), exercise this Option to the extent that he Optionee was entitled to exercise it at the date of such termination. To the extent that he Optionee was not entitled to exercise this option Option at the date of such terminationtermination (as in the event of Optionee’s termination of employment for cause), or if he Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 2 contracts

Samples: Option and Incentive Plan (Hf Financial Corp), Stock Option and Incentive Plan (Hf Financial Corp)

Termination of Status as an Employee. If the Optionee ceases to serve as ------------------------------------ an employee, he he/she may, but only within thirty (30) days after the date he he/she ceased to be an Employee of the Company, exercise this Option to the extent that he she was entitled to exercise it at the date of such termination. To the extent that he he/she was not entitled to exercise this option at the date of such termination, or if he he/she does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Digital Rooster Com Inc)

Termination of Status as an Employee. If the Optionee ceases to serve as an employeeEmployee or Consultant, he or she may, but only within thirty three (303) days months after the date he ceased or she ceases to be an Employee or Consultant of the Company, exercise this Option to the extent that he or she was entitled to exercise it at the date of such termination. To the extent that he or she was not entitled to exercise this option Option at the date of such termination, or if he or she does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: 1996 Nonstatutory Stock Option Plan and Stock Option Agreement (Metatools Inc)

Termination of Status as an Employee. If the (i) Subject to Sections 6(ii) and 10 below, if Optionee ceases to serve as an employeeEmployee, he may, but only within thirty (30) 90 days after the date he ceased ceases to be an Employee of the Company, exercise this Option his option to the extent that he was entitled to exercise it at the date of such termination. To the extent that he was not entitled to exercise this the option at the date of such termination, or if and to the extent that he does not exercise this Option the exerciseable portion of the option within the time specified herein, the Option option shall terminate.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Sun Microsystems, Inc.)

Termination of Status as an Employee. If the Optionee ceases to serve as an employeeEmployee, he or she may, but only within thirty three (303) days months after the date he ceased or she ceases to be an Employee of the Company, exercise this Option to the extent that he or she was entitled to exercise it at the date of such termination. To the extent that he or she was not entitled to exercise this option Option at the date of such termination, or if he or she does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Non Statutory Stock Option Grant Agreement (Silicon Graphics Inc)

Termination of Status as an Employee. If the Optionee ceases to serve as an employeeEmployee, he may, but only within thirty (30) days after the date he ceased ceases to be an Employee of the CompanyEmployee, exercise this Option to the extent that he was entitled to exercise it at the date of such termination. To the extent that he was not entitled to exercise this option at the date of such termination, or if he does not exercise this Option within the time specified herein, the Option shall terminate.to

Appears in 1 contract

Samples: Stock Option Agreement (Solectron Corp)

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Termination of Status as an Employee. If the Optionee ceases to serve as an employeeEmployee, he may, but only within thirty (30) days after the date he ceased to be an Employee of the Company, exercise this Option to the extent that he was entitled to exercise it at the date of such termination. To the extent that he was not entitled to exercise this option Option at the date of such termination, or if he does not exercise this Option within the time specified herein, the this Option shall terminate.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Futterman Jack)

Termination of Status as an Employee. If Except as otherwise provided in Sections 6 and 7 below, if the Optionee ceases to serve as an employeeEmployee, he may, but only within thirty (30) days after the date he ceased to be an Employee of applicable time periods provided in his Employment Agreement with the CompanyCompany dated March 18, 2008, exercise this Option to the extent that he was entitled to exercise it at the date of such termination. To the extent that he was not entitled to exercise this option Option at the date of such termination, or if he does not exercise this Option within the time specified herein, the this Option shall terminate.

Appears in 1 contract

Samples: Executive Employment Agreement (Acura Pharmaceuticals, Inc)

Termination of Status as an Employee. If the (i) GENERAL RULE Subject to subsection 6(ii) below, if Optionee ceases to serve as an employeeEmployee, he Optionee may, but only within thirty (30) 90 days after the date he ceased Optionee ceases to be an Employee of the Company, exercise this Option his/her option to the extent that he Optionee was entitled to exercise it at the date of such termination. To the extent that he Optionee was not entitled to exercise this the option at the date of such termination, or if he Optionee does not exercise this Option the option within the time specified herein, the Option option shall terminate.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Sun Microsystems Inc)

Termination of Status as an Employee. If the Optionee ceases to serve as an employeeEmployee, he Optionee may, but only within thirty (30) days after the date he ceased Optionee ceases to be an Employee of the Company, exercise this Option to the extent that he Optionee was entitled to exercise it at on the date of such termination. To the extent that he Optionee was not entitled to exercise this option at Option on the date of such termination, or if he Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Cadence Design Systems Inc

Termination of Status as an Employee. If Except as provided in Sections 8 and 9, in the event of termination of Optionee's employment, Optionee ceases to serve as an employee, he may, but only within thirty (30) days eighteen months after the date he ceased to be an Employee of such termination (but in no event later than the date of expiration of the Companyterm of this Option as set forth in Section 11 below), exercise this Option to the extent that he was entitled to exercise it at the date of such termination. To the extent that he Optionee (i) was not entitled to exercise this option Option at the date of such termination, or if he (ii) does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Olympic Financial (Olympic Financial LTD)

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