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Common use of Termination Exercise Clause in Contracts

Termination Exercise. In the event that the Optionee ceases to be employed by the Company, the Option (to the extent then outstanding) shall terminate as follows:

Appears in 2 contracts

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

Related Clauses

  • Option Exercise
  • on Exercise
  • Option Exercisability
  • Termination for Just Cause
  • Termination/Expiration

Parent Clauses

  • GRANT OF OPTION
  • TREATMENT OF OPTIONS FOLLOWING A LIQUIDITY EVENT OR OCR
  • Lease Term Option Term and Termination Options
  • Contraction Termination Options
  • Definitions

Sub-Clauses

  • TERMINATION BY OPTIONEE OTHER THAN FOR GOOD REASON
  • TERMINATION BECAUSE OF DEATH OR DISABILITY
  • TERMINATION FOR CAUSE
  • COMPANY'S AGREEMENT
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