Effect of Certain Terminations of Employment. Upon the Executive’s cessation of employment with the Company or any Affiliate of the Parent for any reason, any then remaining portion of the Unvested Option shall be immediately terminated without the receipt of consideration by the Executive, as more fully set out below, except as set out in clauses (iv) and (v) below:
Appears in 4 contracts
Samples: Employment Agreement (WMG Acquisition Corp), Stock Option Agreement (Warner Music Group Corp.), Stock Option Agreement (Warner Music Group Corp.)
Effect of Certain Terminations of Employment. Upon the Executive’s cessation of employment with the Company or any Affiliate of the Parent for any reason, any then remaining portion of the Unvested Option shall be immediately terminated without the receipt of consideration by the Executive, as more fully set out below, except as set out in clauses (iv), (v) and (vvi) below:
Appears in 2 contracts
Samples: Stock Option Agreement (WMG Acquisition Corp), Employment Agreement (WMG Acquisition Corp)
