Common use of Life of Option Clause in Contracts

Life of Option. This Option shall expire when exercised in full; provided, however, the Option also shall expire immediately and automatically on the earlier of (a) the date which is the eleventh (11th) anniversary of the Date of Grant, (b) the end of the three (3) month period which begins on the date Optionee's employment by the Company or any parent or subsidiary corporation of the Company terminates for any reason, other than as a result of the death or disability (within the meaning of Section 22(e)(3) of the Code) of Optionee or as a result of a Change of Control event described in Section 14.1 of the Plan, (c) the end of the six (6) month period which begins on the date Optionee's employment by the Company or any parent or subsidiary corporation of the Company terminates for reasons of death or disability (within the meaning of Section 22(e)(3) of the Code) of Optionee, (d) upon the consummation of a Change of Control event described in Section 14.1(1), (2) or (3) of the Plan, or (e) the end of the six (6) month period which begins on the date Optionee's employment by the Company or any parent or subsidiary corporation of the Company terminates as a result of a Change of Control event described in Section 14.1(4) or (5) of the Plan.

Life of Option. This The Option shall expire when exercised in full; provided, however, the Option also shall expire immediately and automatically on the earlier of (a) the date which is the eleventh (11th) anniversary of the Date of GrantOption Grant Date, (b) the end of the three (3) month period which begins on the date OptioneeEligible Employee's employment by the Company or any parent or subsidiary corporation of the Company terminates for any reason, reason other than as a result of the death or disability (within the meaning of Section 22(e)(3) of the Code) of Optionee Eligible Employee or as a result of a Change of Control event described in Section 14.1 of the Plan, (c) the end of the six (6) month 6)month period which begins on the date OptioneeEligible Employee's employment by the Company or any parent or subsidiary corporation of the Company terminates for reasons of death or disability (within the meaning of Section 22(e)(3) of the Code) of OptioneeEligible Employee, (d) upon the consummation of a Change of Control event described in Section 14.1(1), (2) or (3) of the Plan, or (e) the end of the six three (63) month period which begins on the date Optioneean Eligible Employee's employment by the Company or any parent or subsidiary corporation of the Company terminates as a result of a Change of Control event described in Section 14.1(4) or (5) of the Plan.