Common use of Continuous Employment Requirement Clause in Contracts

Continuous Employment Requirement. Subject to Sections 3 and 5, in order to vest in the Options, Optionee agrees that Optionee must continue as an active employee of the employing company identified above or the Corporation, its Subsidiaries or affiliates (each an “Employing Company”) through the vesting dates set forth in Section 3 and for a total period of three years from the date of the Option, subject to the Employing Company’s right to terminate the Optionee’s employment at any time.