Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date. (b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) ▇▇▇▇ this Agreement to indicate the extent to which the Option has expired or been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical to this Agreement in form and substance.
Appears in 13 contracts
Sources: Non Qualified Stock Option Agreement (Patriot American Hospitality Inc/De), Non Qualified Stock Option Agreement (Patriot American Hospitality Inc/De), Non Qualified Stock Option Agreement (Patriot American Hospitality Inc/De)
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.22.2 or Section 2.5, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 business days of the Optionee's delivery of this Agreement to the Company, either (i) mark ▇▇▇▇ this s Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 6 contracts
Sources: Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc)
Termination of Option. (a) In no event may the Option be --------------------- exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) ▇▇▇▇ this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 4 contracts
Sources: Stock Option Agreement (El Paso Electric Co /Tx/), Stock Option Agreement (El Paso Electric Co /Tx/), Stock Option Agreement (El Paso Electric Co /Tx/)
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 ten days of the Optionee's delivery of this Agreement to the Company, either (i) ▇▇▇▇ this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical at least as favorable to the Optionee as this Agreement in form and substance.
Appears in 3 contracts
Sources: Performance Accelerated Stock Option Agreement (Peapod Inc), Basic Stock Option Agreement (Peapod Inc), Stock Option Agreement (Peapod Inc)
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated or extended pursuant to Section 2.2, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) ▇▇▇▇ this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 3 contracts
Sources: Non Statutory Stock Option Award Agreement (Landauer Inc), Non Statutory Stock Option Agreement (Landauer Inc), Non Statutory Stock Option Agreement (Landauer Inc)
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company’s request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 business days of the Optionee's ’s delivery of this Agreement to the Company, either (i) ▇▇▇▇ this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 3 contracts
Sources: Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc)
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) ▇▇▇▇ this Agreement to indicate the extent to which the Option has expired or been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 3 contracts
Sources: Stock Option Agreement (El Paso Electric Co /Tx/), Stock Option Agreement (El Paso Electric Co /Tx/), Stock Option Agreement (El Paso Electric Co /Tx/)
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 business days of the Optionee's delivery of this Agreement to the Company, either (i) mark ▇▇▇▇ this s Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 3 contracts
Sources: Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc)
Termination of Option. (a) In no event may the Option be exercised --------------------- after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 business days of the Optionee's delivery of this Agreement to the Company, either (i) ▇▇▇▇ this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 3 contracts
Sources: Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc), Stock Option Agreement (Firearms Training Systems Inc)
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock Shares subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall promptly return this Agreement to the Company upon the Company's request for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock Shares hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) ▇▇▇▇ this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical to this Agreement in form and substance.
Appears in 2 contracts
Sources: Employment Agreement (TTR Inc), Employment Agreement (TTR Inc)
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) mark ▇▇▇▇ this s Agreement to indicate the extent to which the Option has expired or been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical at least as favorable to the Optionee as this Agreement in form and substance.
Appears in 2 contracts
Sources: Stock Option Agreement (Patinkin Hugh M), Stock Option Agreement (Patinkin Hugh M)
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) mark ▇▇▇▇ this s Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 2 contracts
Sources: Nonqualified Stock Option Agreement (Am International Inc), Nonqualified Stock Option Agreement (Am International Inc)
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.42.5. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 2.4 or earlier terminated pursuant to Section 2.22.3, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) mark ▇▇▇▇ this s Agreement to indicate the extent to which the Option has expired or been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical at least as favorable to the Optionee as this Agreement in form and substance.
Appears in 2 contracts
Sources: Incentive Stock Option Agreement (Whitehall Jewellers Inc), Incentive Stock Option Agreement (Whitehall Jewellers Inc)
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) ▇▇▇▇ mark this Agreement to indicate the extent to which the Option has expired or expir▇▇ ▇r been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical at least as favorable to the Optionee as this Agreement in form and substance.
Appears in 2 contracts
Sources: Nonqualified Stock Option Agreement (Whitehall Jewellers Inc), Non Qualified Stock Option Agreement (Whitehall Jewellers Inc)
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) ▇▇▇▇ this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 2 contracts
Sources: Stock Option Agreement (El Paso Electric Co /Tx/), Stock Option Agreement (El Paso Electric Co /Tx/)
Termination of Option. (a) In Subject to Section 2.2(g), in --------------------- no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not earlier terminated pursuant to Sections 2.2 or 2.5 or exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.22.3, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such ; provided, however, that such cancellation shall be effective regardless of -------- ------- whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) ▇▇▇▇ mark this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 2 contracts
Sources: Stock Option Agreement (KPMG Consulting Inc), Stock Option Agreement (KPMG Consulting Inc)
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) ▇▇▇▇ mark this Agreement to indicate the extent to which the Option has expired or been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical at least as favorable to the Optionee as this Agreement in form and substance.
Appears in 2 contracts
Sources: Non Qualified Stock Option Agreement (Whitehall Jewellers Inc), Nonqualified Stock Option Agreement (Whitehall Jewellers Inc)
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock Paired Shares subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock Paired Shares hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) ▇▇▇▇ mark this Agreement to indicate the extent to which the Option has expired ex▇▇▇▇d or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical to this Agreement in form and substance.
Appears in 2 contracts
Sources: Non Qualified Stock Option Agreement (Starwood Hotels & Resorts), Non Qualified Stock Option Agreement (Starwood Hotels & Resorts)
Termination of Option. (a) In Subject to Section 2.2(g), in no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not earlier terminated pursuant to Sections 2.2 or 2.5 or exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.22.3, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company’s request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such ; provided, however, that such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's ’s delivery of this Agreement to the Company, either (i) ▇▇▇▇ this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 1 contract
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock Paired Shares subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock Paired Shares hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) ▇▇▇▇ mark this Agreement to indicate the extent to which the Option has expired ex▇▇▇▇d or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (Starwood Hotels & Resorts)
Termination of Option. (a) In no event may the Option be exercised after it terminates expires as set forth in this Section 2.44.4. The Option shall terminateexpire (i) on December 27, 2014 or (ii) on or prior to such date as provided in Sections 4.1 and 4.2(c) hereof under the circumstances described in such two Sections, in each case to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date4.3.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled exercised or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 ten (10) days of the Optionee's delivery of this Agreement to the Company, either (i) ▇▇▇▇ this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 1 contract
Termination of Option. (a) In Subject to Section 2.2(g), in no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.22.2 or exercised pursuant to Section 2.3, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such ; provided, however, that such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) ▇▇▇▇ mark this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 1 contract
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock Paired Shares subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock Paired Shares hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) ▇▇▇▇ mark this Agreement to indicate the extent to which the Option has expired expi▇▇▇ or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (Starwood Hotel & Resorts Worldwide Inc)
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.22.2 or earlier exercised pursuant to Section 2.3, at 5:00 p.m. Central time on the Expiration Date.
(ba) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company’s request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's ’s delivery of this Agreement to the Company, either (i) ▇▇▇▇ this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute stock option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (Tactical Solution Partners, Inc.)
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.22.2 or earlier exercised pursuant to Section 2.3, at 5:00 p.m. Central time on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) ▇▇▇▇ this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute stock option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 1 contract
Termination of Option. (a) In no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock Paired Shares subject to the Option expire or are exercised, canceled cancelled or forfeited, the Optionee shall promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock Paired Shares hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) ▇▇▇▇ this Agreement to indicate the extent to which the Option has expired or been exercised, canceled cancelled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (Starwood Hotel & Resorts Worldwide Inc)
Termination of Option. (a) In Subject to Section 2.2(c), in no event may the Option be exercised after it terminates as set forth in this Section 2.4. The Option shall terminate, to the extent not exercised pursuant to Section 2.3 or earlier terminated pursuant to Section 2.2, on the Expiration Date.
(b) In the event that rights to purchase all or a portion of the shares of Common Stock subject to the Option expire or are exercised, canceled or forfeited, the Optionee shall shall, upon the Company's request, promptly return this Agreement to the Company for full or partial cancellation, as the case may be. Such cancellation shall be effective regardless of whether the Optionee returns this Agreement. If the Optionee continues to have rights to purchase shares of Common Stock hereunder, the Company shall, within 10 days of the Optionee's delivery of this Agreement to the Company, either (i) mark ▇▇▇▇ this s Agreement to indicate the extent to which the Option has expired or been exercised, canceled or forfeited or (ii) issue to the Optionee a substitute option agreement applicable to such rights, which agreement shall otherwise be identical substantially similar to this Agreement in form and substance.
Appears in 1 contract