Common use of Exercise Upon Death, Disability and Other Termination of Employment Clause in Contracts

Exercise Upon Death, Disability and Other Termination of Employment. (a) Notwithstanding any provisions of the Plan to the contrary, you agree that all the Options, whether vested or unvested, shall automatically be forfeited and cancelled upon the termination, for any reason, of your employment with any member of the Company Group, and no shares of Common Stock may thereafter be purchased under the Options, except as follows:

Appears in 5 contracts

Samples: Executive Stock Option Program Grant Acceptance Agreement (Prudential Financial Inc), Executive Stock Option Program Grant Acceptance Agreement (Prudential Financial Inc), Executive Stock Option Program Grant Acceptance Agreement (Prudential Financial Inc)

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