Common use of Termination of Service or Death of the Optionee Clause in Contracts

Termination of Service or Death of the Optionee. Except as provided in this Section 5, and notwithstanding any other provision of this Option to the contrary, this Option shall be exercisable only if the Optionee has not incurred a Termination of Service at the time of such

Appears in 2 contracts

Sources: Non Qualified Stock Option Agreement (First Pactrust Bancorp Inc), Non Qualified Stock Option Agreement (First Pactrust Bancorp Inc)