Termination of Employment, Etc. (a) Upon the occurrence of Grantee's ceasing for any reason to be employed by the Company (such occurrence being a "termination of the Grantee's employment"), the Option (i) to the extent not previously vested, shall terminate and become null and void immediately upon such termination of the Grantee's employment, and (ii) to the extent already vested, shall be exercisable for a period of up to sixty (60) days following the termination of Grantee's employment. As determined by the Committee, upon a termination of the Grantee's employment by reason of disability or death, the Option may be exercised, but only to the extent that the Option was outstanding and exercisable on such date of disability or death, up to a one-year period following the date of such termination of the Grantee's employment.
Termination of Employment, Etc. So long as the Optionee shall continue to be an Employee, the Option shall not be affected by (a) any temporary leave of absence approved in writing by the Company or an Affiliate, or (b) any change of duties or position (including transfer to or from an Affiliate). If the Optionee ceases to be an Employee for any reason other than death or Disability, the Option may be exercised only to the extent of the purchase rights, if any, which, pursuant to Section 4 hereof, existed as of the date the Optionee ceases to be an Employee and which have not theretofore been exercised; provided, however, that the Committee may in its absolute discretion determine (but shall not be under any obligation to determine) that such purchase rights shall be deemed to include additional Shares which are subject to the Option. Except as provided in Section 6 below, upon an Optionee’s ceasing to be an Employee, such purchase rights shall in any event terminate upon the earlier of either (a) three (3) months after the date the Optionee ceased to be an Employee (one (1) year after the date the Optionee ceased to be an Employee if the Optionee dies or becomes Disabled within three (3) months after ceasing to be an Employee), or (b) the last day of the term of the Option. Notwithstanding the preceding provisions of this Section 5, unless the Committee shall otherwise determine, upon the commission by the Optionee of a material breach of his obligations under any agreement with the Company or any Affiliate, the Optionee’s right to purchase Shares pursuant to the exercise of the Option shall terminate.
Termination of Employment, Etc. Upon termination of the Grantee's employment for any reason, including the breach by the Grantee of the Employment Agreement among the Grantee, the Company and Netgateway, a corporation organized under the laws of the State of Nevada and a wholly owned Subsidiary of the Company, dated as of January 1, 1999 (the "Employment Agreement"), any Shares not already vested in accordance with Section 3 hereof, shall be subject to immediate forfeiture in all respects and Grantee shall have no right or claim to any such unvested Shares.
Termination of Employment, Etc. Unless the Committee shall provide otherwise with respect to any Award, if the Participant’s employment or other association with the Company or its Affiliates ends for any reason other than by total disability or death, including because of the Participant’s employer ceasing to be an Affiliate, (a) any outstanding Option or Stock Appreciation Right of the Participant shall cease to be exercisable in any respect not later than 90 days following that event and, for the period it remains exercisable following that event, shall be exercisable only to the extent exercisable at the date of that event, and (b) any other outstanding Award of the Participant shall be forfeited or otherwise subject to return to or repurchase by the Company on the terms specified in the applicable Award Agreement. Military or sick leave or other personal leave approved by an authorized representative of the Company shall not be deemed a termination of employment or other association, provided that it does not exceed the longer of 90 days or the period during which the absent Participant’s reemployment rights, if any, are guaranteed by statute or by contract.
Termination of Employment, Etc. If the Optionee’s employment or other association with the Company and its Affiliates ends for any reason other than by total disability or death, including because of the Optionee’s employer ceasing to be an Affiliate, the Option shall cease to be exercisable not later than 90 days following that event and, for the period it remains exercisable following that event, shall be exercisable only to the extent exercisable at the date of that event. Military or sick leave or other personal leave approved by an authorized representative of the Company shall not be deemed a termination of employment or other association, provided that it does not exceed the longer of 90 days or the period during which the absent Optionee’s reemployment rights, if any, are guaranteed by statute or by contract.
Termination of Employment, Etc. (a) If a Stockholder shall for any reason, including, without limitation, death, disability or involuntary removal with or without cause, cease to be employed in any capacity by, a consultant to or a director of the Company or any of its subsidiaries, the Company may within 120 days from the date upon which such relationships shall cease exercise its option under this Section 5 to purchase from such Stockholder all of his Unvested Shares. In the event a Stockholder ceases to be employed by reason of death or disability, 50% of any Unvested Shares on the date of termination shall become Vested Shares for purposes of this Section 5.
Termination of Employment, Etc. (a) Upon the occurrence of Xxxxxxx’s ceasing for any reason to be employed by the Company (such occurrence being a “termination of the Grantee’s employment”), the Option (i) to the extent not previously vested, shall terminate and become null and void immediately upon such termination of the Grantee’s employment, and (ii) to the extent already vested, shall be exercisable for a period of up to sixty (60) days following the termination of Grantee’s employment. As determined by the Administrator, upon a termination of the Grantee’s employment by reason of disability or death, the Option may be exercised, but only to the extent that the Option was outstanding and exercisable on such date of disability or death, up to a one-year period following the date of such termination of the Grantee’s employment.
Termination of Employment, Etc. So long as the Optionee shall continue to be an employee of the Company or one of its subsidiaries, the Option shall not be affected by (a) any temporary leave of absence approved in writing by the Company or one of its subsidiaries, or (b) any change of duties or position (including transfer to or from a subsidiary). If the Optionee ceases to be an employee of the Company or one of its subsidiaries for any reason other than death or Normal Retirement (as defined below), the Option may be exercised only to the extent of the purchase rights, if any, which had accrued as of the date of such cessation pursuant to Section 4 hereof and which have not theretofore been exercised; provided, however, that upon written request to the Committee it may in its absolute discretion determine (but shall not be under any obligation to determine) that such accrued purchase rights shall be deemed to include additional Shares covered by the Option. Upon any such cessation of employment by reason of discharge, such accrued purchase rights shall in any event terminate upon the earlier of the date thirty (30) days from the date of such cessation of employment or the last day of the term of the Option. Upon any such cessation of employment by reason of a voluntary quit, such accrued purchase rights shall terminate on the date of such cessation of employment. Upon any such cessation of employment by reason of the voluntary retirement of an employee who is at least 55 years of age and who has completed at least five consecutive years of service with the Company and/or its subsidiaries ("Normal Retirement"), the Optionee shall have the immediate right and option (notwithstanding the provisions of Section 4 hereof) to exercise the Option with respect to all of the Shares covered by the Option. Upon any such "Normal Retirement," the purchase rights shall terminate upon the earlier of three (3) years from the date of such cessation of employment or the last day of the term of the Option; provided, however, that, IN THE CASE OF AN INCENTIVE STOCK OPTION, THE OPTION MUST BE EXERCISED IN FULL WITHIN THREE (3) MONTHS AFTER CESSATION OF EMPLOYMENT OR SUCH OPTION WILL NO LONGER QUALIFY AS AN INCENTIVE STOCK OPTION AND SHALL THEREAFTER BE, AND RECEIVE THE TAX TREATMENT APPLICABLE TO, A NON-QUALIFIED STOCK OPTION. In no event shall any employee who is terminated by the Company, with or without cause, qualify for the "Normal Retirement" provisions described in this Section 5. Nothing contained ...
Termination of Employment, Etc. A. Notwithstanding the provisions of paragraph 2 hereof, in the event of the termination of the Directorship with the Company prior to [three years from date of grant], due to death or disability, this Option shall become 100% vested and fully exercisable.
Termination of Employment, Etc. So long as the Optionee shall continue to be an employee of the Company or one of its subsidiaries, the Option shall not be affected by (a) any temporary leave of absence approved in writing by the Company or one of its subsidiaries, or (b) any change of duties or position (including transfer to or from a subsidiary). If the Optionee ceases to be an employee of the Company or one of its subsidiaries for any reason other than death or Normal Retirement (as defined below), the Option may be exercised only to the extent of the purchase rights, if any, which had accrued as of the date of such cessation pursuant to Section 4 hereof and which have not theretofore been exercised; provided, however, that upon written request to the Committee it may in its absolute discretion determine (but shall not be under any obligation to determine) that such accrued purchase rights shall be deemed to include additional Shares covered by the Option. Upon any such cessation of employment by reason of discharge, such accrued purchase rights shall in any event terminate upon the earlier of the date thirty (30) days from the date of such cessation of employment or the last day of the term of the Option. Upon any such cessation of employment by reason of a voluntary quit, such accrued purchase rights shall terminate on the date of such cessation of
