Common use of Forfeiture and Cancellation Clause in Contracts

Forfeiture and Cancellation. If a Participant ceases Employment by reason of the Participant’s Retirement, and the Participant’s Option does not continue pursuant to Section 4(a)(i) or Section 4(a)(ii), the Option shall be forfeited and cancelled by the Company.

Appears in 6 contracts

Samples: Global Nonqualified Stock Option Award Agreement (American Express Co), Nonqualified Stock Option Award Agreement, Nonqualified Stock Option Award Agreement

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Forfeiture and Cancellation. If a Participant ceases Employment by reason of the Participant’s Retirement, and the Participant’s Option does not continue pursuant to Section 4(a)(i) or Section 4(a)(ii), the Option shall be forfeited and cancelled by the Company.. * * * * *

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (American Express Co)

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