Common use of Termination of Stock Option Clause in Contracts

Termination of Stock Option. In the event that your employment or other relationship underlying the issuance of this Stock Option is terminated for Cause (as defined in the Plan), your vested and non-vested Stock Option rights shall be forfeited and terminated immediately and may not thereafter be exercised to any extent. In the event that your employment or other relationship underlying the issuance of this Stock Option is terminated by you or the Company for any reason other than Cause or your death, you shall have the right to exercise the portion of the Stock Option that has vested as of the date of such termination at any time during the three (3) month period following the date of such termination, and not thereafter, provided that no Stock Option may be exercised in any event more than ten (10) years after the Date of Grant.

Termination of Stock Option. In the event that your employment or other relationship underlying the issuance of this Stock Option is terminated for Cause (as defined in the Plan)) or terminated voluntarily by you, your vested and non-vested Stock Option rights shall be forfeited and terminated immediately and may not thereafter be exercised to any extent. In the event that your employment or other relationship underlying the issuance of this Stock Option is terminated by you or the Company for any reason other than Cause or Cause, your death, or voluntarily by you, you shall have the right to exercise the portion of the Stock Option that has vested as of the date of such termination at any time during the three (3) month period following the date of such termination, and not thereafter, provided that no Stock Option may be exercised in any event more than ten (10) years after the Date of Grant.