Common use of Termination of the Option Clause in Contracts

Termination of the Option. Except as otherwise provided herein, this Agreement shall expire the1st of September, 2009, 5 years from the date of grant (the “Option Period”); provided, however that this agreement will terminate upon the earlier of: (i) immediately if employee is dismissed with cause (ii) thirty days after the date that the Grantee ceases to be an employee, officer, or director of the Company: or (iii) twelve months after the date that the Grantee ceases to an employee, officer, or director of the Company by reason of the Grantee’s death or disability.

Termination of the Option. Except as otherwise provided herein, this Agreement shall expire the1st of September, 2009, 5 ________ years from the date of grant (the “"Option Period”"); provided, however however, that this agreement will terminate upon the earlier of: (i) immediately if employee is dismissed with cause (ii) thirty ____ days after the date that the Grantee ceases to be an employee, consultant, officer, or director of the Company: or ; (iiiii) twelve months after the date that the Grantee ceases to be an employee, consultant, officer, or director of the Company by reason of the Grantee’s 's death or disability(iii) immediately that the employee, officer, director or consultant is terminated with cause .