Cancellation of Option. Except as set forth in Section 3(a), Section 3(b), or Section 3(c), upon the Optionee’s termination of employment, any unvested portion of the Option shall immediately terminate and any vested portion of the Option not exercised during the exercise period set forth in Section 3(d) shall automatically terminate at the end of such exercise period.
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Samples: Nonqualified Stock Option Agreement (Lamb Weston Holdings, Inc.), Nonqualified Stock Option Agreement (Lamb Weston Holdings, Inc.)
Cancellation of Option. Except as set forth in Section 3(a), Section 3(b), or Section 3(c), upon the Optionee’s termination of employment, any unvested portion of the Option shall immediately terminate and any vested portion of the Option not exercised during the exercise period set forth in Section 3(d) shall automatically terminate be cancelled at the end of such exercise period.
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Conagra Foods Inc /De/), Nonqualified Stock Option Agreement (Conagra Foods Inc /De/)
Cancellation of Option. Except as set forth in Section 3(a), Section 3(b), or Section 3(c), upon Upon the Optionee’s termination of employment, any unvested portion of the Option shall immediately terminate cancel and any vested portion of the Option not exercised during the exercise period set forth in Section 3(dParagraph 2(b) shall automatically terminate be cancelled at the end of such the exercise period.
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Cancellation of Option. Except as set forth in Section 3(a), Section 3(b), or Section 3(c), upon the Optionee’s termination of employment, any unvested portion of the Option shall immediately terminate cancel and any vested portion of the Option not exercised during the exercise period set forth in Section 3(d3(b) shall automatically terminate be cancelled at the end of such the exercise period.
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