Discharge for Misconduct. If the Optionee is discharged due to misconduct (as defined below) prior to the Expiration Date, the right to exercise this Option shall terminate immediately upon cessation of employment. “Misconduct” means (i) willful breach or neglect of duty; (ii) failure or refusal to work or to comply with the Company’s rules, policies, and practices; (iii) dishonesty; (iv) insubordination; (v) being under the influence of drugs (except to the extent medically prescribed) or alcohol while on duty or on Company premises; (vi) conduct endangering, or likely to endanger, the health or safety of another employee, any other person or the property of the Company; or (vii) conviction of a felony.
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Discharge for Misconduct. If the Optionee is discharged due to misconduct (as defined below) prior to the Expiration Date, the right to exercise this Option shall terminate immediately upon cessation of employment. “Misconduct” means (i) willful breach or neglect of duty; (ii) failure or refusal to work or to comply with the Company’s rules, policies, and practices; (iii) dishonesty; (iv) insubordination; (v) being under the influence of drugs (except to the extent medically prescribed) or alcohol while on duty or on Company premises; (vi) conduct endangering, or likely to endanger, the health or safety of another employee, any other person or the property of the Company; or (vii) conviction of, or plea of nolo contendere to, a felony.
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