Expiration of Options upon Termination of Employment. Except as expressly set forth in the following chart, all Options, whether or not vested, that are held by such Qualified Person shall terminate and be immediately cancelled as of the Qualified Person’s Termination Date without the payment by the Corporation of any consideration therefore. Qualified Person’s employment with the Sony Group Companies is terminated by the Sony Group Companies without Cause (whether or not the Qualified person is a party to an Employment Agreement at the time of such termination and including termination due to non-renewal of an Employment Agreement) OR Qualified Person’s employment with the Sony Group Companies terminates as a result of his or her death Options that were granted at least twelve (12) months prior to the Termination Date: All Options that are vested on or before the Termination Date will remain outstanding until the expiration of the Options. Options that were granted less than twelve (12) months prior to the Termination Date: All Options that vest on the Termination Date will remain outstanding until the earlier to occur of (a) the first anniversary of the Termination Date and (b) the expiration of the Options. Qualified Person’s employment with the Sony Group Companies terminates as a result of his or her voluntary resignation All Options that were vested immediately prior to the Termination Date will remain outstanding until the earlier to occur of (a) ninety days following the Termination Date and (b) the expiration of the Options. Qualified Person’s employment with the Sony Group Companies terminates as a result of his or her Disability or Retirement All vested Options will remain outstanding until the expiration of the Options. Qualified Person’s employment with the Sony Group Companies is terminated for any reason (other than a termination by the Sony Group Companies for Cause) that is not expressly set forth in this chart All Options that were vested immediately prior to the Termination Date will remain outstanding until the earlier to occur of (a) the first anniversary of the Termination Date and (b) the expiration of the Options. Set forth below are the provisions concerning the restrictions on the vesting and exercise of the Options provided for in Item (1) of Article 5 of the Agreement Concerning Allocation of the Stock Acquisition Rights of Sony Group Corporation for the Fiscal Year 2024 (hereinafter referred to as the “Agreement”).
Expiration of Options upon Termination of Employment. Except as expressly set forth in the following chart, all Options, whether or not vested, that are held by a Qualified Person shall terminate and be immediately cancelled as of his or her Termination Date without the payment by the Corporation of any consideration therefore. Qualified Person’s Termination of Employment with the Sony Group Companies is without Cause OR Qualified Person’s Termination of Employment with the Sony Group Companies is as a result of his or her Retirement, death or Disability All vested Options will remain outstanding until the earlier to occur of (a) the first anniversary of the Termination Date and (b) the expiration of the Options. Qualified Person’s Termination of Employment with the Sony Group Companies is as a result of his or her voluntary resignation All vested Options will remain outstanding until the earlier to occur of (a) ninety days following the Termination Date and (b) the expiration of the Options. Set forth below are the provisions concerning the restrictions of vesting and exercise of the Options provided for in Item (1) of Article 5 of the Agreement Concerning Allocation of the Stock Acquisition Rights of Sony Group Corporation for the Fiscal Year 2023 (hereinafter referred to as the “Agreement”).
Expiration of Options upon Termination of Employment. Except as expressly set forth in the following chart, all Options, whether or not vested, that are held by a Qualified Person shall terminate and be immediately cancelled as of his or her Termination Date without the payment by the Corporation of any consideration therefore.
Expiration of Options upon Termination of Employment. Except as expressly set forth in the following chart, all Options, whether or not vested, that are held by a Qualified Person shall terminate and be immediately cancelled as of his or her Termination Date without the payment by the Corporation of any consideration therefore, regardless of any Notice Period. Further, as of his or her Termination Date, no Qualified Person shall have any right to receive additional options, regardless of any Notice Period and irrespective of any past practice to the contrary. Qualified Person’s Termination of Employment with the Sony Group Companies is without Cause OR Qualified Person’s Termination of Employment with the Sony Group Companies is as a result of his or her Retirement, death or Disability All vested Options will remain outstanding until the earlier to occur of (a) the first anniversary of the Termination Date and (b) the expiration of the Options. Qualified Person’s Termination of Employment with the Sony Group Companies is as a result of his or her voluntary resignation All vested Options will remain outstanding until the earlier to occur of (a) ninety days following the Termination Date and (b) the expiration of the Options. The Qualified Person confirms the following matters pursuant to Article 13 of the Allocation Agreement.
Expiration of Options upon Termination of Employment
