Involuntary Termination of Employment Without Cause or Resignation by Employee. Upon an involuntary Termination of Employment without Cause by WM or a Termination of Employment due to a voluntary resignation by Employee that is accepted by WM that is not a Retirement (as defined above), for a period of 90 days following such Termination of Employment, Employee shall be entitled to exercise all of the Stock Options then outstanding and exercisable under the Stock Option Award. Any Stock Options that are not outstanding and exercisable shall be forfeited.
Appears in 8 contracts
Samples: Long Term Incentive Compensation Award Agreement (Waste Management Inc), Long Term Incentive Compensation Award Agreement (Waste Management Inc), Long Term Incentive Compensation Award Agreement (Waste Management Inc)
Involuntary Termination of Employment Without Cause or Resignation by Employee. Upon an involuntary Termination of Employment without Cause by WM or a Termination of Employment due to a voluntary resignation by Employee that is accepted by WM that is not a Retirement (as defined above)WM, for a period of 90 days following such Termination of Employment, Employee shall be entitled to exercise all of the Stock Options then outstanding and exercisable under the Stock Option Award. Any Stock Options that are not outstanding and exercisable shall be forfeited.
Appears in 3 contracts
Samples: Long Term Incentive Compensation Award Agreement (Waste Management Inc), Award Agreement (Waste Management Inc), Award Agreement (Waste Management Inc)
