Termination Without Good Reason. As of the date of any voluntary termination of employment with the Company by the Optionee other than due to death or Disability, and other than for Good Reason, any unvested portion of any Option shall terminate immediately and shall be of no further force or effect. Any previously vested but unexercised portion of any Option shall remain exercisable from the date of such termination of employment until the second anniversary of the termination date.
Appears in 10 contracts
Samples: Employee Stock Option Agreement (Autobytel Inc), Employee Stock Option Agreement (Autobytel Inc), Employee Stock Option Agreement (Autobytel Inc)
Termination Without Good Reason. As of the date of any voluntary termination of employment with the Company by the Optionee Executive other than due to death or Disability, and other than for Good Reason, any unvested portion of any Option shall terminate immediately and shall be of no further force or effect. Any previously vested but unexercised portion of any Option shall remain exercisable from the date of such termination of employment until the second anniversary of the termination date.
Appears in 6 contracts
Samples: Autobytel Inc, Autobytel Inc, Employment Agreement (Autobytel Inc)
Termination Without Good Reason. As of the date of any voluntary termination of employment Service with the Company by the Optionee other than due to death or Disability, and other than for Good Reason, any unvested portion of any Option shall terminate immediately and shall be of no further force or effect. Any previously vested but unexercised portion of any Option shall remain exercisable from the date of such termination of employment until the second anniversary of the termination date, but in no event later than ten (10) years following the Grant Date.
Appears in 3 contracts
Samples: Inducement Stock Option Agreement (Autobytel Inc), Inducement Stock Option Agreement (Autobytel Inc), Employment Agreement (Autobytel Inc)
Termination Without Good Reason. As of the date of any voluntary termination of employment Optionee’s Service with the Company by the Optionee other than due to death or Disability, and other than for Good Reason, any unvested portion of any Option shall terminate immediately and shall be of no further force or effect. Any previously vested but unexercised portion of any Option shall remain exercisable from the date of such termination of employment until the second anniversary of the termination date, but in no event later than ten (10) years following the Grant Date.
Appears in 2 contracts
Samples: Employment Agreement (Acacia Diversified Holdings, Inc.), Employment Agreement (Acacia Diversified Holdings, Inc.)
Termination Without Good Reason. As of the date of any voluntary termination of employment with the Company by the Optionee Executive other than due to death or Disability, and other than for Good Reason, any unvested portion of any Option shall terminate immediately and shall be of no further force or effect. Any previously vested but unexercised portion of any Option shall remain exercisable from the date of such termination of employment until the second anniversary of the termination date, but in no event later than ten (10) years following the date of grant.
Appears in 1 contract
Samples: Employment Agreement (Autobytel Inc)
Termination Without Good Reason. As of the date of any voluntary termination of employment with the Company by the Optionee Executive other than due to death or Disability, and other than for Good Reason, any unvested portion of any Option the Regular Options shall terminate immediately and shall be of no further force or effect. Any previously vested but unexercised portion of any Option Regular Options shall remain exercisable from the date of such termination of employment until the second anniversary end of the Regular Option Term or, if earlier, the date that is one (1) year following the termination date.
Appears in 1 contract
