Common use of Exercise of Stock Options Clause in Contracts

Exercise of Stock Options. During the term of this agreement except for Termination for Cause, Executive shall be entitled to exercise any options granted to him during the course of employment with Company. In the event of Death, Change of Control, Voluntary Termination or Non-Renewal, Executive shall have the right to exercise all options granted to him prior to the date of termination or non-renewal. In the event of death, the options granted to the Executive shall be exercisable by the Executive's beneficiary.

Exercise of Stock Options. During the term of this agreement except for Termination for Cause, Executive shall be entitled to exercise any options granted to him during the course of employment with Company. : In the event of Death, Change of Control, Voluntary Termination or Non-Renewal, Executive shall have the right to exercise all options granted to him prior to the date of termination or non-renewal. In the event of death, the options granted to the Executive shall be exercisable by the Executive's beneficiary.