Common use of Termination of Relationship Clause in Contracts

Termination of Relationship. If Optionee terminates Continuous Status --------------------------- as an Employee or Consultant for any reason, Optionee may exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultant, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 5 contracts

Samples: Prime Ventures LLC, Drkoop Com Inc, Drkoop Com Inc

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Termination of Relationship. If Optionee terminates In the event an Optionee's Continuous --------------------------- Status --------------------------- as an Employee or Consultant for any reasonterminates, Optionee may may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 4 contracts

Samples: Option Agreement (Genesys Telecommunications Laboratories Inc), Option Plan Option Agreement (Loislaw Com Inc), Loislaw Com Inc

Termination of Relationship. If Optionee terminates In the event Optionee's Continuous Status --------------------------- as an Employee or Consultant for any reasonconsultant terminates, Optionee may may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if the Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 4 contracts

Samples: Corporation Stock Option Agreement (Spectrian Corp /Ca/), Stock Option Agreement (Spectrian Corp /Ca/), Corporation Stock Option Agreement (Spectrian Corp /Ca/)

Termination of Relationship. If Optionee terminates Continuous Status --------------------------- as an Employee or Consultant for any reason, Optionee may exercise this Option option during the Termination Period balance of the Term set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in this Option option at the date on which Optionee terminates Continuous Status as an Employee or Consultant, or if Optionee does not exercise this Option option within the time specified herein, the Option (or unvested portion thereof) shall terminate.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Mmax Media, Inc.), Non Qualified Stock Option Agreement (Theglobe Com Inc), Non Qualified Stock Option Agreement (Theglobe Com Inc)

Termination of Relationship. If Optionee terminates In the event an Optionee’s Continuous Status --------------------------- as an Employee or Consultant for any reasonterminates, Optionee may may, to the extent otherwise so entitled at the date of such termination (the “Termination Date”), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 3 contracts

Samples: Stock Option Agreement (Omnivision Technologies Inc), Stock Option Agreement (Cisco Systems Inc), Stock Option Agreement (Omnivision Technologies Inc)

Termination of Relationship. If Optionee terminates In the event of termination of Optionee's consulting relationship or Continuous Status --------------------------- as an Employee or Consultant for any reasonEmployee, Optionee may may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 3 contracts

Samples: Stock Option Agreement (Ribogene Inc / Ca/), Option Plan Stock Option Agreement (Donlar Corp), THQ Inc

Termination of Relationship. If Optionee terminates In the event an Optionee's Continuous Status --------------------------- as an Employee or Consultant for any reasonterminates, Optionee may may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option during the 90-day Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such terminationSection 1. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 3 contracts

Samples: Long Term Incentive Plan (Flanders Corp), Long Term Incentive Plan (Flanders Corp), Settlement Agreement (Clark Steven K)

Termination of Relationship. If Optionee terminates In the event an Optionee’s Continuous Status --------------------------- as an Employee or Consultant for any reasonterminates, Optionee may exercise this Option during the Termination Period set out in the Notice of Grantmay, to the extent the this Option was vested at the date of such terminationtermination (the “Termination Date”), exercise this Option at any time during the 30 day period immediately following the Termination Date. To the extent that Optionee was not vested in this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the this Option shall terminate. Notwithstanding the foregoing, in no event shall any Option be exercisable later than the Term/Expiration Date as provided in the Notice of Grant.

Appears in 2 contracts

Samples: Option Agreement (Marvell Technology Group LTD), Option Agreement (Marvell Technology Group LTD)

Termination of Relationship. If Optionee terminates In the event an Optionee's Continuous --------------------------- Status --------------------------- as an Employee Employee, Consultant or Consultant for any reasonDirector terminates, Optionee may may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 2 contracts

Samples: Joint Escrow Instructions (Crossworlds Software Inc), Joint Escrow Instructions (Crossworlds Software Inc)

Termination of Relationship. If Optionee terminates In the event an Optionee's Continuous --------------------------- Status --------------------------- as an Employee or Consultant for any reasonterminates, Optionee may may, to the extent the Option was vested at the date of such termination (the "Termination Date"), ---------------- exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Option Agreement (Vicinity Corp)

Termination of Relationship. If Optionee terminates Continuous Status --------------------------- as an Employee Employee, Director or Consultant for any reason, Optionee may exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in this Option at the date on which Optionee terminates Continuous Status as an Employee Employee, Director or Consultant, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Drkoop Com Inc

Termination of Relationship. If Optionee terminates In the event of termination of Optionee's Continuous Status --------------------------- as an Employee or Consultant for any reasonConsultant, Optionee may may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Earthshell Container (Earthshell Container Corp)

Termination of Relationship. If Optionee terminates In the event of termination of Optionee’s Continuous Status --------------------------- as an Employee or Consultant for any reasonConsultant, Optionee may may, to the extent otherwise so entitled at the date of such termination (the “Termination Date”), exercise this Option during the Termination Period set out forth in the Notice of Stock Option Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantsuch Termination Date, or if Optionee does not exercise this Option within the time specified hereinTermination Period, the Option shall terminate.

Appears in 1 contract

Samples: Form of Stock Option Agreement (Nexx Systems Inc)

Termination of Relationship. If Optionee terminates In the event of termination of Optionee’s consulting relationship or Continuous Status --------------------------- as an Employee or Consultant for any reasonEmployee, Optionee may may, to the extent otherwise so entitled at the date of such termination (the “Termination Date”), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Symantec Corp)

Termination of Relationship. If Optionee terminates In the event an Optionee's Continuous Status --------------------------- as an Employee or Consultant for any reasonterminates, Optionee may may, to the extent the Option was vested at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Brightmail Incorporated (Symantec Corp)

Termination of Relationship. If Optionee terminates In the event of termination of Optionee's Continuous Status --------------------------- as an Employee or Consultant for any reasonConsultant, Optionee may may, to the extent otherwise so entitled at the date of such termination (the "TERMINATION DATE"), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Diva Systems Corp

Termination of Relationship. If Optionee terminates In the event of termination of Optionee's Continuous Status --------------------------- as an Employee or Consultant for any reasonConsultant, Optionee may may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultant, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.entitled

Appears in 1 contract

Samples: Applied Micro Circuits Corp

Termination of Relationship. If Optionee terminates In the event of termination of Optionee's Continuous Status --------------------------- as an Employee or Consultant for any reasonConsultant, Optionee may may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out forth in the Notice of Grant, to the extent the Option was vested at the date Grant of such terminationStock Options. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantsuch Termination Date, or if Optionee does not exercise this Option within the time specified hereinTermination Period, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Synaptics Inc)

Termination of Relationship. If Optionee terminates In the event Optionee's Continuous Status --------------------------- as an Employee or Consultant for any reasonterminates, Optionee may may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Cadence Design Systems Inc)

Termination of Relationship. If Optionee terminates In the event an Optionee’s Continuous Status --------------------------- as an Employee or Consultant for any reasonterminates, Optionee may may, to the extent otherwise so entitled at the date of such termination (the “Termination Date”), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Synplicity Inc)

Termination of Relationship. If Optionee terminates Continuous Status --------------------------- as an Employee Employee, Director or Consultant for any reason, Optionee may exercise this Option during the Termination Period set out in the Notice option for a period of Granttwelve months thereafter, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in this Option option at the date on which Optionee terminates Continuous Status as an Employee Employee, Director or Consultant, or if Optionee does not exercise this Option option within the time specified herein, the Option (or unvested portion thereof) shall terminate.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (PayMeOn, Inc.)

Termination of Relationship. If Optionee terminates In the event of termination of Optionee's Continuous Status --------------------------- as an Employee or Consultant for any reasonConsultant, Optionee may may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out ---------------- in the Notice of Stock Option Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified hereinin the Notice of Stock Option Grant, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Vertel Corp)

Termination of Relationship. If Optionee terminates In the event an Optionee's Continuous --------------------------- Status --------------------------- as an Employee or Consultant for any reasonterminates, Optionee may may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Seagate Software Information Management Group Holdings Inc)

Termination of Relationship. If Optionee terminates In the event of termination of Optionee's consulting relationship or Continuous Status --------------------------- as an Employee or Consultant for any reasonEmployee, Optionee may may, to the extent otherwise so entitled pursuant hereto or under the terms set forth in the Notice of Stock Option Grant, exercise this Option during the Termination Period set out in the Notice of Stock Option Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Employment Agreement (Hypertension Diagnostics Inc /Mn)

Termination of Relationship. If Optionee terminates In the event of Optionee's Continuous Status --------------------------- as an Employee Employee, Officer, Director or Consultant for any reasonterminates, Optionee may may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.. (e)

Appears in 1 contract

Samples: Equity Incentive Plan Stock Option Agreement (Socket Mobile, Inc.)

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Termination of Relationship. If Optionee terminates Continuous Status --------------------------- In the event of termination of the Optionee’s consulting relationship or continuous status as an Employee or Consultant for any reasonEmployee, the Optionee may may, to the extent otherwise so entitled at the date of such termination (the “Termination Date”), exercise this the Option during the Termination Period set out in the Notice of Grant, to . To the extent that the Optionee was not entitled to exercise the Option was vested at the date of such termination. To the extent that Optionee was not vested in this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultant, or if the Optionee does not exercise this the Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Option Agreement

Termination of Relationship. If Optionee terminates Continuous Status --------------------------- as an Employee or Consultant consultant for any reason, Optionee may exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantconsultant, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Drkoop Com Inc

Termination of Relationship. If Optionee terminates In the event of termination of Optionee's Continuous Status --------------------------- as an Employee or Consultant for any reasonof the Company, Optionee may may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Amendment Agreement (Earthshell Corp)

Termination of Relationship. If Optionee terminates In the event an Optionee's Continuous --------------------------- Status --------------------------- as an Employee or Consultant for any reasonterminates, Optionee may may, to the extent the Option was vested at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Security Agreement (Pointcast Inc)

Termination of Relationship. If Optionee terminates In the event an Optionee's Continuous Status --------------------------- as an Employee or Consultant for any reasonterminates, Optionee may may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Seagate Software Information Management Group Holdings Inc)

Termination of Relationship. If Optionee terminates In the event an Optionee's Continuous --------------------------- Status --------------------------- as an Employee or Consultant for any reasonterminates, Optionee may may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), ---------------- exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Usweb Corp)

Termination of Relationship. If Optionee terminates In the event an Optionee's Continuous --------------------------- Status --------------------------- as an Employee or Consultant for any reasonterminates, Optionee may may, to the extent the Option was vested or becomes vested pursuant to the terms hereof at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Security Agreement (Talk City Inc)

Termination of Relationship. If Optionee terminates In the event of termination of Optionee's --------------------------- Continuous Status --------------------------- as an Employee or Consultant for any reasonConsultant, Optionee may may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), ---------------- exercise this Option during the Termination Period set out forth in the Notice of Stock Option Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantsuch Termination Date, or if Optionee does not exercise this Option within the time specified hereinTermination Period, the Option shall terminate.

Appears in 1 contract

Samples: Stock Plan (Terayon Communication Systems)

Termination of Relationship. If Optionee terminates Continuous Status --------------------------- In the event of termination of the Optionee's consulting relationship or continuous status as an Employee or Consultant for any reasonEmployee, the Optionee may may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this the Option during the Termination Period set out in the Notice of Grant, to . To the extent that the Optionee was not entitled to exercise the Option was vested at the date of such termination. To the extent that Optionee was not vested in this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultant, or if the Optionee does not exercise this the Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: 8x8 Inc /De/

Termination of Relationship. If Optionee terminates Continuous Status In the event an Optionee's continuous --------------------------- status as an Employee employee or Consultant for any reasonconsultant terminates, Optionee may may, to the extent the Option was vested at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Employee Bonus Agreement (Drkoop Com Inc)

Termination of Relationship. If Optionee terminates In the event an Optionee's --------------------------- Continuous Status --------------------------- as an Employee or Consultant for any reasonterminates, Optionee may may, to the extent the Option was vested at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Security Agreement (Cabletron Systems Inc)

Termination of Relationship. If Optionee terminates In the event of termination of Optionee’s Continuous Status --------------------------- as an Employee or Consultant for any reasonConsultant, Optionee may may, to the extent otherwise so entitled at the date of such termination (the “Termination Date”), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Stock Option Agreement (Peregrine Semiconductor Corp)

Termination of Relationship. If Optionee terminates In the event of termination of Optionee's Continuous Status --------------------------- as an Employee or Consultant for any reasonEmployee, Optionee may may, to the extent otherwise so entitled pursuant hereto or under the terms set forth in the Notice of Stock Option Grant, exercise this Option during the Termination Period set out in the Notice of Stock Option Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Employment Agreement (Hypertension Diagnostics Inc /Mn)

Termination of Relationship. If Optionee terminates In the event an Optionee's Continuous Status --------------------------- as an Employee or Consultant for any reasonterminates, Optionee may may, to the extent the Option was vested at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant, Grant and subject to the extent the Option was vested at the date of such terminationEmployment Agreement. To the extent that Optionee was not vested in this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultantof such termination, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Metatools Inc)

Termination of Relationship. If Optionee terminates In the event an Optionee's Continuous Status --------------------------- as an Employee or Consultant for any reasonterminates, Optionee may may, to the extent otherwise so entitled at the date of such termination (the "Termination Date"), exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in entitled to exercise this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultant, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.date

Appears in 1 contract

Samples: Stock Option Agreement (Avistar Communications Corp)

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