Common use of Extension of Option Exercise Period Clause in Contracts

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. On or prior to November 30December 31, 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 30December 31, 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.