Extension of Option Exercise Period Clause Samples

Extension of Option Exercise Period. If this Section 6 applies, then all options and other rights to purchase shares of Stock, and all stock appreciation rights measured by the value of Stock, that are held by the Employee when the Separation occurs shall remain exercisable until the earlier of: (i) The later of (A) the date 12 months after the Separation or (B) with respect to any increment of options or rights that becomes exercisable later than nine months after the Separation, the date three months after such increment becomes exercisable; or (ii) The date the options or rights would have expired if the Separation had not occurred.

Extension of Option Exercise Period. Notwithstanding the above, in the event that the Participant’s employment is terminated by the Company or by the Participant solely under the specified and limited circumstances specified in the SBA and/or the MRA, as applicable, the Option, to the extent unexercised and exercisable by the Participant on the date of the Participant’s termination, may be exercised by the Participant until the earlier of (i) 165 calendar days after the Participant’s date of termination or (ii) the Option Termination Date, provided that the Participant complies with all of the terms and conditions set forth in the applicable SBA and/or MRA.

Extension of Option Exercise Period. If this Section 1 applies, then all of the Options held by the Employee at the time of the termination of his employment shall remain exercisable until the earlier of (i) the date 18 months after the termination of the Employee’s employment or (ii) the date such Options would have expired if the Employee’s employment had not terminated.

Extension of Option Exercise Period. On or prior to November 30, 2022, the Company will provide Employee with technical assistance in the exercise of any stock options, including exploring the possibility of providing Employee the option of a “cashless exercise” of any stock options. Employee shall have until November 30, 2022 to exercise any and all of his vested options, which are those specified in sub-section 2(d) of the Transition Agreement and attachment A thereto, as well as the 400,000 options previously vested under his original employment agreement. Such extension shall be reflected in a duly authorized amendment to the relevant stock plans.

Extension of Option Exercise Period. If this Section 1 applies, then all options and other rights to purchase shares of the Company’s Common Stock (“Stock”), and all stock appreciation rights measured by the value of Stock, that are held by the Employee when the Separation occurs shall remain exercisable until the earlier of: 1 Certain capitalized terms are defined in Section 8. (i) The date 30 months after the Separation; or (ii) The date such options or rights would have expired if the Separation had not occurred.

Extension of Option Exercise Period. If this Section 2 applies, then all options and other rights to purchase shares of Stock and all stock appreciation rights measured by the value of Stock that are held by the Employee at the time of the termination of his employment shall remain exercisable until the earlier of: (i) The later of (A) the date 12 months after the termination of the Employee’s employment or (B) with respect to any increment of options or rights that becomes exercisable later than nine months after the termination of the Employee’s employment, the date three months after such increment becomes exercisable; or (ii) The date the options or rights would have expired if the Employee’s employment had not terminated.

Extension of Option Exercise Period. Notwithstanding the above, in the event that the Participant’s employment is terminated by the Company without Cause or by the Participant for Good Reason (regardless of whether such termination is in Connection with a Change of Control), the Option, to the extent unexercised and exercisable by the Participant on the date of the Participant’s termination, may be exercised by the Participant until the earlier of (i) 165 calendar days after the Participant’s date of termination or (ii) the Option Termination Date, provided that the Participant signs and does not revoke the Release Agreement as described in paragraphs 3 of the Management Retention Agreement and the Severance Benefits Agreement, both signed on June 21, 2007.

Extension of Option Exercise Period. Notwithstanding the above, in the event that the Participant’s employment is terminated by the Company without Cause or by the Participant for Good Reason (regardless of whether such termination is in Connection with a Change of Control), the Option, to the extent unexercised and exercisable by the Participant on the date of the Participant’s termination, may be exercised by the Participant until the earlier of (i) 165 calendar days after the Participant’s date of termination or (ii) the Option Termination Date, provided that Participant signs the separation agreement and release of claims as set forth in Section 8(d) of the Employment Agreement and otherwise complies with such section.

Extension of Option Exercise Period. If this Section 7 applies, then all options to purchase shares of the Company’s stock held by the Employee at the time of the termination of his Employment shall remain exercisable until the earlier of: (i) The later of (A) the date 18 months after the termination of the Employee’s Employment or (B) with respect to any increment of options that becomes exercisable later than nine months after the termination of the Employee’s Employment, the date three months after such increment becomes exercisable; or (ii) The date the options would have expired if the Employee’s Employment had not terminated.