Common use of Termination of Service (Except by Death) Clause in Contracts

Termination of Service (Except by Death). If the Optionee’s Service terminates for any reason other than death, then this option shall expire on the earliest of the following occasions: (a) The Expiration Date as defined in Section 3 above: (b) The date twelve months after the termination of the Optionee’s Service; or (c) The date of the termination of the Optionee’s Service for Cause.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Wireless Ronin Technologies Inc)

Termination of Service (Except by Death). If the Optionee’s 's Service terminates for any reason other than death, then this option shall expire on the earliest of the following occasions: (i) The expiration date determined pursuant to Subsection (a) The Expiration Date as defined in Section 3 above:; (bii) The date twelve 90 days after the termination of the Optionee's Service for any reason other than Total and Permanent Disability; or (iii) The date six months after the termination of the Optionee’s Service; or (c) The date of the termination of the Optionee’s Service for Cause.'s

Appears in 1 contract

Sources: Nonstatutory Stock Option Agreement (Applied Molecular Evolution Inc)