Optionee Ceases to be a Service Provider. If the Optionee ceases to be a Service Provider, other than upon the Optionee's death or Disability, the Optionee may exercise his or her Option within such period of time as is specified in the Notice of Grant above to the extent that the Option is vested on the date of termination (but in no event later than the expiration of the term of such Option as set forth in this Agreement). If, after termination, the Optionee does not exercise the Option within the time specified, the Option shall terminate, and the Shares covered by such Option terminate.
Appears in 3 contracts
Sources: Stock Option Agreement (Nuance Communications, Inc.), Stock Option Agreement (Nuance Communications, Inc.), Stock Option Agreement (Nuance Communications, Inc.)