Common use of Forfeiture of Options Clause in Contracts

Forfeiture of Options. Unless the Committee determines otherwise, and except as otherwise provided in your Employment Agreement, if your rights with respect to any Options awarded to you pursuant to this Award Agreement have not become vested prior to the date on which your employment with the Company and its Affiliates terminates for any reason, your rights with respect to such Options shall immediately terminate, and you will be entitled to no further payments or benefits with respect thereto.

Forfeiture of Options. Unless the Committee determines otherwise, and except as otherwise provided in your Employment Agreementany other Company Arrangement, if your rights with respect to any Options awarded to you pursuant to this Award Agreement have not become vested prior to the date on which your employment with the Company and its Affiliates terminates for any reasonterminates, your rights with respect to such unvested Options shall immediately terminate, and you will shall be entitled to no further payments or benefits with respect thereto.

Forfeiture of Options. Unless the Committee determines otherwise, and except as otherwise provided in your Employment AgreementSection 3 or in any other Company Arrangement, if your rights with respect to any Options awarded to you pursuant to this Award Agreement have not become vested prior to the date on which your employment with the Company and its Affiliates terminates for any reasonterminates, your rights with respect to such unvested Options shall immediately terminate, and you will shall be entitled to no further payments or benefits with respect thereto.

Forfeiture of Options. Unless the Committee determines otherwise, and except as otherwise provided in your Employment Agreement, if your rights with respect to any Options awarded to you pursuant to this Award Agreement have not become vested prior to the date on which your employment with the Company and its Affiliates terminates for any reasonterminates, your rights with respect to such Options shall immediately terminate, and you will be entitled to no further payments or benefits with respect thereto.

Forfeiture of Options. Unless the Committee determines otherwise, and except as otherwise provided in your Employment Agreement or Section 3(b) of this Award Agreement, if your rights with respect to any Options awarded to you pursuant to this Award Agreement have not become vested prior to the date on which your employment with the Company and its Affiliates terminates for any reasonSubsidiaries terminates, your rights with respect to such unvested Options shall immediately terminate, and you will shall be entitled to no further payments or benefits with respect thereto.