Common use of TERMINATION BY OPTIONEE OTHER THAN FOR GOOD REASON Clause in Contracts

TERMINATION BY OPTIONEE OTHER THAN FOR GOOD REASON. If the Optionee's employment is terminated by the Optionee other than for Good Reason, then (a) any outstanding vested portion of the Option shall remain exercisable for thirty (30) days following termination of employment (but in no event past the Expiration Date); and (b) any unvested portion of the Option shall expire on termination of employment.

Appears in 1 contract

Sources: Stock Option Award Agreement (Solo Texas, LLC)

TERMINATION BY OPTIONEE OTHER THAN FOR GOOD REASON. If the Optionee's employment is terminated by the Optionee other than for Good Reason, then (a) any outstanding vested portion of the Option shall remain exercisable for thirty (30) days following termination of employment (but in no event past the Expiration Date); and (b) any unvested portion of the Option shall expire on termination of employment.

Appears in 1 contract

Sources: Employment Agreement (Solo Texas, LLC)