No Right to Damages. The Optionee acknowledges and agrees that, regardless of whether the Optionee is terminated with or without cause, notice or pre-termination procedure or whether the Optionee asserts or prevails on a claim that the Optionee’s employment was terminable only for cause or only with notice or pre-termination procedure, the Optionee has no right to, and will not bring any legal claim or action for, any damages for (a) having to exercise any vested portion of this option within any period after termination as specified in Section 4 or (b) cancellation of any unvested, or vested but unexercised, portion of this option.
Appears in 7 contracts
Samples: Non Qualified Stock Option Agreement (United Fire Group Inc), Incentive Stock Option Agreement (United Fire & Casualty Co), Non Qualified Stock Option Agreement (United Fire & Casualty Co)
No Right to Damages. The Optionee acknowledges and agrees that, regardless of whether the Optionee is terminated with or without cause, notice or pre-termination procedure or whether the Optionee asserts or prevails on a claim that the Optionee’s employment was terminable only for cause or only with notice or pre-termination procedure, the Optionee has no right to, and will not bring any legal claim or action for, any damages for (a) having to exercise any vested portion of this option within any period after three (3) months of termination as specified in Section 4 or (b) cancellation of any unvested, or vested but unexercised, portion of this option.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Microsoft Corp)
