Common use of Expiration Dates Clause in Contracts

Expiration Dates. Subject to Section 10.13, except as set forth in each Award Agreement, each Option shall terminate no later than the first to occur of the following events: (a) The expiration of seven (7) years from the Grant Date; or (b) The expiration of three (3) months from the date of the Participant’s Termination of Service for a reason other than the Participant’s death, Disability or Retirement; or (c) The expiration of one (1) year from the date of the Participant’s Termination of Service by reason of Disability; or (d) The expiration of three (3) years from the date of the Participant’s Retirement (subject to Section 5.8.2 regarding Incentive Stock Options); or (e) The date of the Participant’s Termination of Service by the Company for cause (as determined by the Company).