Expiration of Performance Award. If any Recipient’s Service is terminated for any reason other than normal retirement, death or Permanent Disability prior to the time a Performance Award or any portion thereof becomes payable, all of the Holder’s rights under the unpaid portion of the Performance Award shall expire unless otherwise determined by the Administrator. In the event of termination of Service by reason of death, Permanent Disability or normal retirement, the Administrator, in its discretion, may determine what portions, if any, of the Performance Award should be paid to the Holder.
Appears in 3 contracts
Samples: Equity Incentive Plan (La Jolla Pharmaceutical Co), 2004 Equity Incentive Plan (La Jolla Pharmaceutical Co), Equity Incentive Plan (La Jolla Pharmaceutical Co)
Expiration of Performance Award. If any Recipient’s 's Service is terminated for any reason other than normal retirement, death or Permanent Disability prior to the time a Performance Award or any portion thereof becomes payable, all of the Holder’s 's rights under the unpaid portion of the Performance Award shall expire unless otherwise determined by the Administrator. In the event of termination of Service by reason of death, Permanent Disability or normal retirement, the Administrator, in its discretion, may determine what portions, if any, of the Performance Award should be paid to the Holder.
Appears in 1 contract
Samples: 2004 Equity Incentive Plan (La Jolla Pharmaceutical Co)
