Common use of Rights to Exercise Clause in Contracts

Rights to Exercise. This Option is exercisable during its term in accordance with the Vesting Schedule and Exercise Price set forth in the Notice of Grant and the applicable provisions of this Option Agreement. In the event of Optionee's death, Disability or other termination of Optionee's employment relationship, the exercisability of the Option shall be governed by the applicable provisions of the Employment Agreement dated the date hereof between the Optionee and the Company (the "Employment Agreement").

Appears in 2 contracts

Sources: Stock Option Agreement (Interamericas Communications Corp), Executive Employment and Severance Agreement (Interamericas Communications Corp)