Common use of Extension if Exercise Prevented by Law Clause in Contracts

Extension if Exercise Prevented by Law. Notwithstanding the foregoing other than termination of Service for Cause, if the exercise of the Option within the applicable time periods set forth in this Section is prevented by Applicable Laws, the Option shall remain exercisable until the later of (a) thirty (30) days after the date such exercise first would no longer be prevented by such Applicable Laws or (b) the end of the applicable time period under this Section, but in any event no later than the Expiration Date. Nothing contained herein shall limit Company’s rights to terminate the employment or engagement of Grantee at any time for any reason.