Common use of Expiration of Options upon Termination of Employment Clause in Contracts

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.

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”).