Employment Requirement. Except as provided in Section 5.7 herein, the Option may not be exercised unless the Employee is in the employ of the Company or one of its parent or subsidiary corporations (as within the meaning of Section 425(e) and (f) of the Code respectively) on the date of such exercise and shall have been such employee continuously since the Employment Date.
Appears in 6 contracts
Samples: Employment Agreement (Medefile International, Inc.), Employment Agreement (Medefile International, Inc.), Employment Agreement (Medefile International, Inc.)