Common use of Dismissal for Cause Clause in Contracts

Dismissal for Cause. In the event that the Optionee shall be dismissed as a Service Provider of the Company or any of its Subsidiaries for Cause (as defined in the Plan), the Company shall notify the Optionee of such determination and the Option shall be canceled effective as of the date of the Optionee's termination.

Appears in 3 contracts

Samples: Stock Option Agreement (Modem Media Inc), Stock Option Agreement (Modem Media Inc), Modem Media Inc

AutoNDA by SimpleDocs

Dismissal for Cause. In the event that the Optionee shall be dismissed as a Service Provider of the Company or any of its Subsidiaries for Cause (as defined in the Plan), the Company shall notify the Optionee of such determination and the Option shall be canceled effective as of cancelled immediately upon the date of the Optionee's terminationOptionee ceasing to be a Service Provider.

Appears in 2 contracts

Samples: Stock Option Agreement (Modem Media Inc), Stock Option Agreement (Modem Media Inc)

Dismissal for Cause. In the event that the Optionee shall be ------------------- dismissed as a Service Provider of the Company or any of its Subsidiaries for Cause (as defined in the Plan), the Company shall notify the Optionee of such determination and the Option shall be canceled effective as of the date of the Optionee's termination.

Appears in 1 contract

Samples: Modem Media Inc

Dismissal for Cause. In the event that the Optionee shall be dismissed as a Service Provider of from the Company or any of its Subsidiaries for Cause (as defined in the Plan), the Company shall notify the Optionee of such determination and the Option shall be canceled effective as of the date of the Optionee's termination.

Appears in 1 contract

Samples: Stock Option Agreement (Modem Media Inc)

AutoNDA by SimpleDocs

Dismissal for Cause. In the event that the Optionee shall be -------------------- dismissed as a Service Provider of the Company or any of its Subsidiaries for Cause (as defined in the Plan), the Company shall notify the Optionee of such determination and the Option shall be canceled effective as of the date of the Optionee's termination.

Appears in 1 contract

Samples: Stock Option Agreement (Modem Media Inc)

Dismissal for Cause. In the event that the Optionee shall be dismissed as a Service Provider an Employee of the Company or any of its Subsidiaries for Cause (as defined in the Plan), the Company shall notify the Optionee of such determination and the Option shall be canceled effective as of the date of the Optionee's termination.

Appears in 1 contract

Samples: Stock Option Agreement (Modem Media Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!