Common use of Involuntary Termination for Gross Misconduct Clause in Contracts

Involuntary Termination for Gross Misconduct. The Option shall terminate immediately and shall not be exercisable if Optionee's employment (defined below) is terminated involuntarily for gross misconduct (defined below).

Appears in 9 contracts

Samples: Option Agreement (Continental Airlines Inc /De/), Option Agreement (Continental Airlines Inc /De/), Option Agreement (Continental Airlines Inc /De/)

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Involuntary Termination for Gross Misconduct. The Option shall terminate immediately and shall not be exercisable if Optionee's ’s employment (defined below) is terminated involuntarily for gross misconduct (defined below).

Appears in 4 contracts

Samples: Employee Stock Option Agreement (United Continental Holdings, Inc.), Stock Option Agreement (United Continental Holdings, Inc.), Employee Stock Option Agreement (United Continental Holdings, Inc.)

Involuntary Termination for Gross Misconduct. The Option shall terminate immediately and shall not be exercisable if Optionee's Participant’s employment (defined below) is terminated involuntarily for gross misconduct (defined below).

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Expressjet Holdings Inc)

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Involuntary Termination for Gross Misconduct. The Option shall terminate immediately and shall not be exercisable if OptioneeParticipant's employment (defined below) is terminated involuntarily for gross misconduct (defined below).

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Expressjet Holdings Inc)

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