Common use of Option Termination Date Clause in Contracts

Option Termination Date. As used herein, the Option Termination Date shall mean 60 days after the earlier of (i) ten years from the date hereof or (ii) the date of a final judicial determination that Davi▇ ▇▇▇e been properly terminated for "cause."

Appears in 1 contract

Sources: Option Agreement (Nautica Enterprises Inc)

Option Termination Date. As used herein, the Option Termination Date shall mean 60 days after the earlier of (i) ten years from the date hereof July 1, 1997 or (ii) the date of a final judicial determination that Davi▇ ▇▇▇e been properly terminated for "cause." Notwithstanding the above, in the event Davi▇ ▇▇ employed by the Company on July 1, 1997, the Option Termination Date shall mean 60 days after the earlier of (A) July 1, 2007 or (B) ten months following the date that Davi▇ ▇▇▇ses to be employed by the Company for any reason whatsoever."

Appears in 1 contract

Sources: Option Agreement (Nautica Enterprises Inc)